Senior Property Accountant in Toronto 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.

As a Senior Accountant with Hines, you will be responsible for ensuring the accuracy and propriety of all financial data and reports maintained and prepared for the properties/projects, tier entities, and investors. Responsibilities include, but are not limited to:

• Lead the accounting of a large office building totaling 400,000 square feet.
• Engineer and Vice President Controller) to ensure accuracy of financial reporting, loan administration (as 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/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 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, etc.).
• 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 (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.
• 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.

Minimum Requirements include:

• Bachelor’s degree in Accounting from an accredited institution.
• Five or more years professional accounting experience.
• Real estate accounting experience required.
• Experience with JDEdwards preferred.
• CPA designation (or intention to work toward CPA designation) is preferred.
• Strong knowledge and application of International Financial Reporting Standards.
• 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.
• Ability to lift general ledgers, files, records, and computer paper (approximately 5-35 lbs.).
• Work overtime as business needs deem appropriate.

Closing

Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 28 countries. We manage a $92.3B¹ portfolio of high-performing assets across residential, logistics, retail, office and mixed-use strategies. Our local teams serve 634 properties totaling over 225 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media. ¹Includes both the global Hines organization as well as RIA AUM as of June 30, 2022.

Visit www.hines.com for more information.

We are an equal opportunity employer and support workforce diversity.

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