Lease Accounting

2 weeks ago

Gurgaon, Haryana, India 7DaySearch Full time ₹ 10,80,000 - ₹ 21,60,000 per year
  • Experience:
    US/UK/Europe exposure is a must
  • Industry Background:
    Ideally from Real Estate or Hospitality
  • Education:
    Finance or Accounting degree is mandatory
  • Years of Experience:
    7–12 years
  • Compensation:
    Fixed expectation should not exceed 18 LPA

ROLE OVERVIEW:

As a Senior Accountant with the Hines Lease Administration group, you will assist in the performance and review of lease abstraction procedures for all North American projects based on standard operating procedures developed by the department. You will also assist in the preparation and review of various calculations throughout the year that are instrumental to the lease administration function.

RESPONSIBILITIES:

  • Perform the initial review of the lease abstracts for all new leases and lease amendments for Hines operating properties every period in accordance with the lease administration department's standard abstraction procedures.
  • Assist with lease administration as follows: interpret lease agreements and accounts for impacts of lease provisions and clauses, ensure that the appropriate accounting treatment has been applied, interpret lease options so that they are applied correctly and draw conclusions as necessary.
  • Assist the staff accountant in the entering of straight-line rent information into the system by providing any necessary accounting determinations. Review straight-line rent information entered in the system and provide adjustments to the staff accountants as necessary.
  • Assist in the preparation and review of the percentage rent calculations in the frequency required per the lease document upon being provided with the sales report for each individual tenant.
  • Assist in the preparation of the annual operating expense reconciliation calculations by tenant. This will include adding actual information by tenant into the templates, performing recalculations of information, tying out data within the template itself for accuracy and consistency and preparing invoices for tenant reconciliations.
  • Assist with the calculation of operating expense estimates for budgets, forecasts and quarterly accruals.
  • Assisting in the preparation and review of the annual rent start letter preparation process for tenants.
  • Support the Accounting Manager and Controller in the preparation of any ad hoc schedules needed for reporting.
  • Provide guidance to the Staff Accountants as necessary in the completion of their roles and responsibilities.
  • As necessary, step in and perform the preparation of the tasks listed above which are noted to be in a review capacity. Comply with all Hines policies and procedures.

EDUCATION:

  • Bachelor's/Masters degree from an accredited university in Accounting or Finance.
  • Completion of CPA/CA/ACCA certification is a plus.

SKILLS/CERTIFICATIONS:

  • Strong knowledge and application of Generally Accepted Accounting Principles.
  • Excellent verbal and written communication skills.
  • Analyze and interpret various types of data in order to draw conclusions and solve problems.
  • Proficiency in preparation of computer spreadsheets, analysis, etc.
  • Strong critical thinking skills.
  • Ability to work well independently as well as with a large group of individuals spread across various geographical locations.
  • Exchange ideas, information, and opinions with others to formulate and/or arrive jointly at decisions, conclusions, or solutions.
  • High attention to detail for maintaining accurate records and documentation.
  • Ability to manage high volume and multi-task efficiently.

  • Senior Analyst, Lease Accounting

    5 days ago

    Gurgaon, Haryana, India JLL Full time

    What This Job InvolvesWe're JLL. We're a professional services and investment management firm specializing in real estate. We help organizations around the world achieve their ambitions by owning, occupying and investing in real estate.If you're looking to step up your career, JLL is the perfect professional home. At JLL, you'll have a chance to innovate...

  • Manager - Lease Administration

    4 days ago

    Gurgaon, Haryana, India JLL Full time

    ManagerJBS Lease Administration (Gurugram)Reporting to: Manager / Senior Manager Lease AdministrationKey Stakeholders: Account Managers, Clients/Stakeholders and their teamsDirect Reports: Lease Analysts / Sr. Lease Analysts / Assistant ManagersWhat this job involves:High level of independenceDo you work independently without close supervision? We can offer...

  • Manager - Lease Administration

    5 days ago

    Gurgaon, Haryana, India JLL Full time

    JLL empowers you to shape a brighter way.  Our people at JLL and JLL Technologies are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people  and empowering them to  thrive, grow meaningful careers and to find a place where...

  • Manager - Lease Administration

    4 days ago

    Gurgaon, Haryana, India JLL Full time

    JLL supports the Whole You, personally and professionally.Our people at JLL are shaping the future of real estate for a better world by combining world class services, advisory and technology to our clients. We are committed to hiring the best, most talented people in our industry; and we support them through professional growth, flexibility, and...

  • Senior Associate, Lease Admin

    6 days ago

    Gurgaon, Haryana, India JLL Full time

    JLL supports the Whole You, personally and professionally.Our people at JLL are shaping the future of real estate for a better world by combining world class services, advisory and technology to our clients. We are committed to hiring the best, most talented people in our industry; and we support them through professional growth, flexibility, and...

  • Assistant Vice President _ Office Leasing

    1 week ago

    Gurgaon, Haryana, India Cushman & Wakefield Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Job TitleAssistant Vice President _ Office Leasing || Gurugram ||Job Description SummaryJob DescriptionAssistant Vice PresidentThis role is responsible for the strategy and execution of critical marketing initiatives in a local market, from start to finish. This includes managing and assisting with the overall coordination, collaboration, and development of...

  • Account Manager

    2 weeks ago

    Gurgaon, Haryana, India Northfield Developers Full time ₹ 7,00,000 - ₹ 21,00,000 per year

    We are looking for a dynamic and detail-oriented Senior Accountant / Accounts Head to take charge of the financial management, compliance, and reporting functions for our growing real estate operations. The ideal candidate will bring strong expertise in real estate accounting, taxation, and financial controls, combined with the ability to lead a small...

  • Associate Director _ Office Leasing

    1 week ago

    Gurgaon, Haryana, India Cushman & Wakefield Full time ₹ 10,00,000 - ₹ 25,00,000 per year

    Job TitleAssociate Director _ Office Leasing || Gurugram ||Job Description SummaryJob DescriptionAssociate DirectorThis role is responsible for the strategy and execution of critical marketing initiatives in a local market, from start to finish. This includes managing and assisting with the overall coordination, collaboration, and development of...

  • Senior Account Manager

    7 days ago

    Gurgaon, Haryana, India Cushman & Wakefield Full time

    Job TitleSenior Account ManagerJob Description SummaryJob DescriptionJob Title:Senior Account Manager – Residential LeasingLocation:GurgaonReport To:Associate DirectorQualifications(key qualifications and foundational training)Competencies(Critical pre-identification foundational competencies. Refer to existent competency frameworks)Minimum 3-4 years of...

  • Senior Account Manager

    6 days ago

    Gurgaon, Haryana, India Cushman & Wakefield Full time

    Job TitleSenior Account ManagerJob Description SummaryJob DescriptionJob Title: Senior Account Manager – Residential Leasing Location:  GurgaonReport To:  Associate DirectorQualifications(key qualifications and foundational training)Competencies(Critical pre-identification foundational competencies. Refer to existent competency frameworks)Minimum 3-4...