Senior Property Accountant

Hines; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

Hines is seeking a Senior Accountant in Toronto. In this role, you will ensure the accuracy of financial data for significant projects, managing responsibilities that include financial reporting, budgeting, and tax compliance. Join Hines and be part of a company known for its innovation and excellence in the real estate investment industry.

Benefits

Comprehensive training

Competitive compensation

Robust benefits

Generous vacation packages

Qualifications

• Bachelor’s degree in Accounting from an accredited institution.
• Five or more years professional accounting experience.
• Strong aptitude in numerical and financial calculations.

Responsibilities

• Lead the accounting of three mass timber office buildings.
• Manage accounts payable functions and cash management.
• Prepare monthly financial statements and tax filings.

Skills

Numerical aptitude

Financial analysis

Excel proficiency

Education

Bachelor’s degree in Accounting

CPA designation (preferred)

Tools

Accounting software

Job description

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 Company’s esteemed annual list of the World’s 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 :

• Lead the accounting of three mass timber office buildings totaling 550,000 square feet.
• Works closely with the applicable Hines personnel (., Property Manager, Chief Engineer and Accounting Manager) to ensure accuracy of financial reporting, loan draws (if applicable) and budgets.
• Treasury functions including cash management and cash flow projections.
• Prepare funding request to investors as needed.
• Prepare HST filings and initiate payment of tax liabilities.
• Prepare and review monthly financial statements and supporting schedules.
• Prepare standard reference requests for new EFT / ACH / wire relationships.
• Prepare bank reconciliations for project operating accounts.
• 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 / EFT / ACH payments, maintain vendor files and assist with any vendor inquiries.
• Manage lease administration process ensuring the proper lease accounting treatment per IFRS or other basis of accounting.
• Prepare yearly rental payment schedules for tenants.
• Prepare operating and tax expense reconciliations (true-ups) as required per governing documents (leases, management agreement, .
• Ensure percentage rent is computed and charged accurately.
• Generate straight-line rent computations through accounting software and ensure accuracy.
• Administer work order billings to tenants on a monthly basis.
• Prepare and record journal entries.
• Ensure records are being maintained timely, accurately and in compliance with IFRS 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 (., 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.
• Carry out the proper procedures to ensure internal controls are being met.
• Prepare support for external tax preparers, necessary to compute tax estimates and prepare annual tax return filings.

Qualifications

Minimum Requirements include :

• Bachelor’s degree in Accounting from an accredited institution.
• Five or more years professional accounting experience.
• CPA designation (or intention to work toward CPA designation) is preferred.
• Strong aptitude in numerical and financial calculations.
• Ability to 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.
• Ability to compose business letters, expositions, summaries, and reports, using proper format, punctuation, grammar, dictation and style.

Closing

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 billion¹ 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 Company’s prestigious annual list of the World’s 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.