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Property Accountant

2 months ago

Greenwich Connecticut, United States Hines Full time
{"title": "Property Accountant", "description": "Job Summary

We are seeking a highly skilled Property Accountant to join our team at Hines. As a key member of our accounting department, you will be responsible for analyzing financial information, preparing financial reports, and ensuring the accuracy of journal entries and general ledger.

Responsibilities
  • Partner with the Property Manager/Project Manager to ensure accuracy of journal entries and general ledger.
  • Perform cash management functions, including monitoring and recording cash transactions and reconciling bank accounts.
  • Prepare standard reference requests for new ACH/wire relationships.
  • Manage and coordinate accounts receivable process with Property Management, including A/R analysis and collection, A/R aging review, and tenant correspondence regarding balances.
  • Manage accounts payable functions, including issuing checks, setting up wire/ACH payments, maintaining vendor files, and assisting with vendor inquiries.
  • Coordinate and prepare lease administration, including setting up new leases in the accounting system, preparing tenant billings, and setting up tenant recovery profile/pool.
  • Prepare operating and tax expense reconciliations (true-ups) as required per governing documents (leases, management agreement, etc.).
  • Record journal entries to the general ledger and ensure records are kept in compliance with GAAP or other basis of accounting.
  • Review journal entries prepared by Staff Accountant, if applicable.
  • Perform month-end close procedures, including preparation and/or review of account reconciliations.
  • Assist in Property and Hines Annual Plan/Budget/Projection preparation process by preparing revenue projections and variance analysis for certain accounts, generating reports, and preparing budget package.
  • Maintain reporting and budgeting calendars for Property Management team.
  • Prepare information for various audits (e.g. external, internal, tenant), as needed.
  • Prepare monthly/quarterly financial statements and supporting schedules working closely with Property/Project Manager to ensure accuracy.
  • Assist in the setup of new projects with guidance from Accounting Manager, including setting up the property in JDE (or similar software), opening bank accounts, preparing rent start letters, and assisting with acquisition accounting schedules/entries (FAS 141/142 purchase accounting, straight-line rent, revenue models).
  • Carry out the proper procedures to ensure internal controls are being met.
Requirements
  • Bachelor's degree from an accredited institution.
  • Two or more years full-charge bookkeeping/accounting experience.
  • Strong knowledge and application of Generally Accepted Accounting Principles.
  • Perform numerical and financial calculations.
  • Analyze and interpret various types of data in order to draw conclusions and solve problems.
  • Demonstrate extensive knowledge of Microsoft Excel and proficiency utilizing various accounting software and a 10-key calculator.
  • Compose business letters, expositions, summaries, and reports, using proper format, punctuation, grammar, diction, and style.
  • Exchange ideas, information, and opinions with others to formulate and/or arrive jointly at decisions, conclusions, or solutions.
  • Ability to lift general ledgers, files, records, and computer paper (approximately 5-35lbs).
  • Work overtime as business needs deem appropriate.
Compensation and Benefits

$74,700 - $89,500; 10% Bonus Pool

Benefits Information: (url removed)

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