Senior Accountant

at  CIBC Square 81 Bay

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.

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.

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