Director - Property and Development Accounting - Mixed-Use

Hines; Chicago (IL); On-site; USD 137,000 - 170,000; Full time

Job summary

Hines in Chicago seeks an experienced accounting leader to oversee complex real estate finance operations. The role emphasizes GAAP compliance, treasury oversight, and accurate month/quarter reporting across multiple properties.

You will manage a team, mentor staff, and partner with executives to optimize financial performance while ensuring risk controls and regulatory adherence. The ideal candidate has a CPA, 6+ years of accounting experience in real estate, and proven management;

Qualifications

• Bachelor’s degree in Accounting, Business Administration or related discipline from an accredited institution.
• CPA certification is required.
• Six or more years of professional accounting experience, preferably a combination of public and industry.
• Three or more years of prior management experience required.
• Public accounting experience is strongly preferred.
• Commercial real estate accounting is required.
• Tax experience preferred.

Responsibilities

• Communicate and coordinate effectively with Hines functional groups and external parties.
• Treasury functions including review of bank reconciliations and cash flow projections.
• Review and approve funding requests to investors and lenders.
• Review and approve reserves and write-offs in accordance with governing agreements.
• Maintain working knowledge of various legal documents (loan, JV, leases, etc).
• Ensure all accounting records and reports are maintained in GAAP or other basis of accounting.
• General ledger review and analysis.
• Review monthly and quarterly reporting for properties or projects.
• Review accounting position memos documenting treatment of items.
• Maintain internal controls through documented policies and procedures.
• Handle complex ownership/equity structures.
• Understand budget and forecasts to inform financial state of projects.
• Administer financial statements and internal audits.
• Review tax projections and tax workpapers.
• Provide guidance to Accounting and Operations teams.
• Supervise training and development of accounting staff.
• Direct and monitor working relationships with counterparts.
• Conduct performance reviews and compensation recommendations for subordinates.
• Identify risks and implement risk mitigation strategies.

Skills

People management

Analytical thinking

Communication skills

Initiative

Deadline management

Team coordination

Education

Bachelor's degree in Accounting or related

CPA certification

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, 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.

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

• Communicate and coordinate effectively with Hines functional groups (e.g., Lease Administration, Finance Business Partners, Transactions) and appropriate representatives of external parties
• Treasury functions including review of bank reconciliations and contribution/distribution calculations and understanding cash flow projections
• Review and approve funding request to investors and lenders
• Review and approve reserves and write-offs in accordance with governing agreements
• Maintain working knowledge of, and compliance with, various legal documents, including but not limited to: Loan agreements, JV agreements, Property Management agreements, leases, etc.
• Ensure all accounting records and reports are maintained in a timely, accurately and in accordance with GAAP or other basis of accounting. Special consideration to areas such as debt modifications, acquisitions/dispositions, interest capitalization, etc.
• General ledger review and analysis
• Review and confirm integrity of monthly and quarterly reporting for property(s) or project(s)
• Review accounting position memos documenting accounting treatment of new/unusual items
• Maintain / Interpret internal controls through documented policies and procedures to ensure accounting record integrity, reliability and asset preservation
• Ability to handle complex (e.g. very technical) ownership/equity structures
• Maintain a general understanding of the budget and forecasts to be informed on the financial state of projects
• Administer financial statement and internal audits
• Review tax projections and tax preparation workpapers
• Provide guidance and oversight to Accounting and Operations team on complex matters
• Supervise and oversee the training and development of accounting personnel and assigned subordinate staff
• Direct and monitor the working relationships subordinates have with their counterparts internally and externally
• Complete periodic performance reviews and compensation recommendations for direct reports
• Analyze/Assess merits of new programs, technology, etc.
• Identify risks; propose and implement risk mitigation strategies
• Work with Head of Department/VP-Controller, etc. to address issues / needs of the department and assist with administration of projects in the group
• Review ad hoc reports generated for upper management and external users as well as other significant internal and external reports

Qualifications

• Bachelor’s degree in Accounting, Business Administration or related discipline from an accredited institution
• CPA required
• Six or more years professional accounting experience, preferably a combination of public and industry
• Three or more years of prior management experience required
• Public accounting experience is strongly preferred
• Commercial real estate accounting required
• Tax experience preferred
• Effective people management skills
• Ability to lead, plan and manage activities to meet deadlines
• Strong analytical, organizational, and coordination skills
• Excellent verbal and written communication skills
• Possess initiative to assume additional responsibilities
• Exchange ideas, information, and opinions with others to arrive at decisions or solutions
• Work indoors approximately 100% of the time
• Work overtime as business needs deem appropriate
• Compensation:
• Chicago - $136,800 - $170,000
• Houston & Dallas - to be determined based on experience

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. 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.