Tenant Revenue Coordinator

Hines; Toronto; On-site; CAD 50,000 - 80,000; Full time

Job summary

Join a forward-thinking company as a Tenant Revenue Coordinator, where you will play a crucial role in managing accounts receivables and optimizing revenue streams. This position offers the opportunity to enhance financial operations and support the overall financial stability of properties. With a commitment to innovation and excellence, this established industry player provides a supportive environment for professional growth. If you are detail-oriented and possess strong communication skills, this role is perfect for you. Embrace the chance to make a significant impact in the real estate sector while advancing your career.

Benefits

Comprehensive Training

Competitive Compensation

Robust Benefits

Generous Vacation Packages

Qualifications

• 2+ years of related experience preferred.
• Strong attention to detail and organizational skills.

Responsibilities

• Manage accounts receivables and ensure timely tenant collections.
• Support financial reporting and optimize revenue streams.
• Build positive relationships with tenants for timely payments.

Skills

Interpersonal Skills

Communication Skills

Attention to Detail

Organization

Multitasking Abilities

Education

High School Diploma

Job description

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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, as well as recognition as one of U.S. News & World Report’s Best Companies to Work For in 2024. Discover endless opportunities to grow and make your mark at Hines.

Responsibilities

As a Tenant Revenue Coordinator with Hines, you will manage our accounts receivables efficiently, ensuring timely tenant collections, and maintaining healthy cash flow for the property. In addition, this role is essential to optimizing our revenue streams (i.e., private event & sponsorship revenue) and supporting accurate financial reporting, and supporting the overall incremental revenue growth targets of the property/Hines. The goal of this position is to improve our financial operations, reduce outstanding aged receivables, and support the property’s financial stability. Further, we aim to enhance our payables management processes and improve our financial accuracy. Responsibilities include, but are not limited to:

• Ensure timely and efficient collection of outstanding tenant receivables via proactive follow-up with tenants on all negative receivable balances.
• Maintain healthy cash flow by reducing the aged and outstanding receivables balance, and improving collection times
• Improve communication with customers regarding their accounts.
• Ensure accurate and timely recording of receivables to support financial reporting.
• Ensure accurate and timely tracking of all invoices payable.
• Support detailed and accurate financial reports to substantiate strategic decision-making, reduce the risk of errors, and ensure compliance with Hines internal Property Management Controls
• Support new event revenue streams in all bookable spaces (Private Events, ticketed events, sponsorship, etc.)
• Generate Tenant Billback invoices, review receipt of tenant authorizations, determine admin fee, match billable PRISM work order, match 3rd party invoices with tenant approval and billback, enter billback into accounting software, generate and send out tenant billing invoice with backup, promptly.
• Monitor Tenant accounts to identify overdue payments.
• Contact Tenants to follow up on outstanding invoices and arrange payment plans if necessary.
• Maintain accurate records of all receivable transactions.
• Update customer accounts and ensure all payments are properly recorded.
• Prepare regular reports on accounts receivables status, including aging reports and collection forecasts.
• Send monthly tenant statements of account, with regular tenant follow-up.
• Provide insights and recommendations based on receivables data.
• Address Tenant inquiries and resolve any billing issues.
• Build and maintain positive relationships with Tenants to facilitate timely payments.
• Identify opportunities to streamline the accounts receivables process.
• Implement best practices to improve efficiency and reduce the aged receivables outstanding balances.
• Ensure compliance with Hines PM policies and relevant standards.
• Assist in audits and provide necessary documentation.
• Work closely with the Accounting team to ensure accurate financial reporting.
• Collaborate with Property Management team to address any issues impacting receivables.
• Vendor/supplier set up in Nexus & JDE, collection of vendor invoices through email account, review of invoices for formalities (correct address/currency/correct billing information), coding of invoices and allocating the costs to the correct business units and building components, upload of invoices to Nexus for timely payment.
• Preparing and issuing payments, including checks and wire transfers, and ensuring all payments are properly authorized.
• Reconciling accounts payable transactions and resolving any discrepancies to maintain accurate financial records.
• Managing relationships with vendors, addressing inquiries, and resolving any issues related to payments. Respond/correspond to inquiries from suppliers/vendors - on payment status, changes to invoices, timely resolution of issues, status of accounts,
• Ensuring compliance with Hines accounting standards and company policies, and preparing financial reports as needed. Report on the status of accounts payable.
• Assisting with month-end/year-end closing accruals and associated preparations to ensure all financial records are accurate and up to date.

Qualifications

Minimum Requirements include:

• High school diploma or equivalent from an accredited institution preferred
• Two or more years' of related experience preferred
• Excellent interpersonal and communication skills
• Attention to detail, organization, and strong multitasking abilities

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. ¹Includes 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.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

• Industries

  Real Estate and Accounting

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