Project Accountant
When you join Hines, you will work alongside innovative leaders who set the standards responsible for our reputation as an industry leader today, and you’ll be a part of shaping our future in the years to come.
As a Project Accountant with Hines, you will apply principles of accounting and finance to analyze financial information and assist with preparation of financial reports. Responsibilities include, but are not limited to:
- Partner with the Property Manager / Project Manager to ensure accuracy of journal entries and general ledger.
- Perform cash management functions including but not limited to: monitor and record cash transactions and reconcile bank accounts.
- Prepare standard reference requests for new ACH/wire relationships.
- Manage and coordinate accounts receivable process with Property Management including but not limited to: A/R analysis and collection, A/R aging review, tenant correspondence regarding balances.
- 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.
- Coordinate and prepare lease administration as follows: set up new leases in accounting system, prepare tenant billings, set 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 or Controller. This could include setting up the property in the accounting 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.
Minimum Requirements include:
- Bachelor’s degree in Accounting or related discipline from an accredited institution.
- CPA preferred.
- Two or more years of full-charge bookkeeping/accounting experience, preferably in commercial real estate.
- Experience accounting for mixed-use developments and owners’ associations a plus.
- Strong knowledge and application of Generally Accepted Accounting Principles.
- Ability to effectively prioritize and meet competing deadlines.
- 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, memorandums, e-mails, 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.
- Detail oriented with an emphasis on providing high quality work.