Hines

Controller

Location US-NC-Cary
Job ID
2024-11543
Category
Accounting/Tax
Location : Location
US-NC-Cary

Overview

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 the Controller with Hines, you will be responsible for the accounting records and administrative matters for assigned projects and entities as well as the supervision and development of respective accounting staff. Responsibilities include, but are not limited to: 

 

  • Communicate and coordinate effectively with Hines management and appropriate representatives of external parties
  • Treasury functions including review of bank reconciliations and cash flow projections
  • Review and approve funding request to investors
  • Review and approve standard reference requests for new ACH/wire relationships
  • Review and approve reserves and write offs in accordance with governing agreements
  • Review and approve wire/ACH payments; sign checks
  • Review lease abstracts and other related lease administration documentation ensuring proper lease accounting treatment per GAAP or other basis of accounting
  • Review and provide oversight of accounting team for calculations of estimated operating and tax expense billings and subsequent reconciliations
  • Ensure all accounting records and reports are being maintained 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 Property Budgets/Projections, as well as the Hines Annual Plan
  • Provide guidance and oversight to Accounting and Operations team on complex matters
  • Administer financial, internal and tenant audits
  • Assist with the communication and coordination with external investors and lenders and ensure compliance with all legal agreements (e.g. development management, property management, partnership, leasing and/or financing)
  • Review and confirm integrity of monthly and quarterly reporting for property(s) or project(s)
  • Review quarterly debt compliance, if applicable, including compliance certificates and DSCR/Debt Yield calculations in accordance with loan documents
  • Review reports generated for upper management and external users as well as other significant internal reports (e.g. investment performance templates)
  • Identify risks; propose and implement risk mitigation strategies
  • Review accounting position memos documenting accounting treatment of new/unusual items
  • Review cash flow and valuation models for operating and development projects
  • 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
  • Participate in due diligence for asset acquisitions and dispositions or other special projects as assigned
    Review and opine on various legal documents, including but not limited to: PSAs, loan/guaranties, leases

Qualifications

Minimum Requirements include:

 

  • Bachelor’s degree in Accounting, Business Administration or related discipline from an accredited institution

  • CPA required

  • Eight or more years of professional accounting experience, preferably a combination of public and industry

  • Public accounting experience is strongly preferred

  • Commercial real estate accounting and valuation experience preferred

  • At least one year of prior management experience required

  • Tax and/or financing experience preferred

  • Hybrid - 4 days in the office

  • Ability to lift general ledgers, files, records, and computer paper (approximately 5-35 lbs.) 

  • Work overtime as business needs deem appropriate

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.

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