- Works closely with the applicable Hines personnel (e.g., Property Manager, Project Manager and Accountants) to ensure accuracy of financial reporting, construction draws (if applicable) and budgets.
- Treasury functions including cash management and cash flow projections.
- Prepare funding request to investors.
- Prepare standard reference requests for new ACH/wire relationships.
- Review AR aging and assess collectability; recommend write-offs/reserves as needed.
- Manage accounts payable functions including but not limited to: issue checks, set up any wire/ACH payments, maintain vendor files and assist with any vendor inquiries.
- Manage lease administration process ensuring the proper lease accounting treatment per GAAP or other basis of accounting. May process lease administration for more complex leases.
- Prepare operating and tax expense reconciliations (true-ups) as required per governing documents (leases, management agreement, etc.).
- Review journal entries prepared by Staff Accountant/Accountant. May record journal entries for more complex accounting areas.
- Ensure records are being maintained timely, accurately and in compliance with GAAP or other basis of accounting.
- Perform month-end close procedures including preparation and review of account reconciliations for more complex accounting areas.
- General ledger review and analysis.
- 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.
- 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.
- Prepare quarterly debt compliance, if applicable, including compliance certificates and DSCR/Debt Yield calculations in accordance with loan documents.
- Research accounting guidance and draft position memos documenting accounting treatment of new/unusual items.
- May assist Asset Manager with maintaining Argus models or reconciliations between Argus model and Property Budget/Projections.
- Assist in supervision and training/development of Staff Accountants & Accountants.
- Assist in the setup of new projects with guidance from Accounting Manager. This could include 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.
- Prepare tax projections and tax preparation workpapers.
- Bachelors degree in Accounting from an accredited institution.
- CPA designation (or intention to work toward CPA designation) is preferred.
- Two or more years of professional accounting experience.
- Public accounting experience is strongly preferred.
- Ability to lift general ledgers, files, records, and computer paper (approximately 5-35 lbs.).
- Work overtime as business needs deem appropriate.
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Senior Accountant - Salt Lake City, United States - Hines
Description
Overview:
When you join Hines, you will embark on a career journey fueled by vision and guided by leaders who set the standards of our industry. Our legacy is rooted in innovation and excellence, earning us a spot on Fast Companys esteemed annual list of the Worlds Most Innovative Companies for 2024. Discover endless opportunities to grow and make your mark at Hines.
Responsibilities:As a Senior Accountant with Hines, you will ensure the accuracy and propriety of all financial data and reports. Responsibilities include, but are not limited to:
Minimum Requirements include:
At Hines, we strive for excellence as a leading global real estate investment manager, driven by our by our belief that real estate is fundamentally about people. Our diverse portfolio spans $93.2 billion of assets across such property types as living, office, retail, mixed-use, logistics and life science projects all designed to enhance value, connection and inspiration. Our strategic approach integrates local expertise with global knowledge, taking calculated risks aligned with our convictions to exceed expectations and tailor solutions to our clients' needs.
While our projects are renowned for enhancing cities and pioneering sustainable practices, we recognize that the true driving force behind Hines' success is our 5,000 dedicated employees in 30 countries who draw on our 65-year history to build the world forward. This is why we prioritize investing in our people, offering comprehensive training, competitive compensation, robust benefits and generous vacation packages. By centering our focus on the growth and wellbeing of our team, we cultivate an inclusive environment where everyone, including our clients, can thrive.
Hines is proud to be named to Fast Companys prestigious annual list of the Worlds Most Innovative Companies for 2024.
Includes both the global Hines organization and RIA AUM as of December 31, 2023.
We are an equal opportunity employer and support workforce diversity.
No calls or emails from third parties at this time please.
