Senior Property Accountant

Job description
• Candidates must reside full-time in the Minneapolis-St. Paul area. This role is hybrid.*

Overview

Hyde Development, a family-owned commercial real estate developer based in Minneapolis MN, has garnered positive acclaim for its work across the United States,

particularly in Minnesota and Colorado. Co-founded by Paul and Mac Hyde in 2012, the company focuses on developing, acquiring, and operating industrial real estate. Hyde’s projects span over 8 million square feet and are noted for their innovative, sustainable approaches.

Hyde Development’s commitment to excellence is reflected in numerous industry awards, including multiple NAIOP Awards of Excellence and Denver Commercial Association of Realtors (DMCAR) 2022 and 2023 Landlord of the Year. These accolades highlight the team’s dedication to quality, sustainability, and community-oriented development.

The Senior Accountant will be responsible for managing and preparing financial records for our commercial properties, ensuring accuracy and compliance with internal controls and regulatory requirements. This role is integral to maintaining the financial health of our properties and providing exceptional service to our tenants and clients. The Senior Property Accountant will report to the Accounting Manager.

Key Responsibilities:

· Prepare Monthly Property Financials: Compile and analyze financial information to prepare financial statements for all properties monthly.

· Record Tenant Cash Receipts: Accurately record and apply tenant cash receipts to tenant charges.

· Review General Ledgers: Ensure accuracy and completeness of general ledgers, making necessary adjustments as required.

· Invoice Coding: Occasionally code invoices and answer questions related to invoice coding.

· Cash Needs Analysis: Analyze weekly cash needs for properties and request funding when necessary.

· Annual CAM Reconciliations: Prepare Common Area Maintenance (CAM) reconciliations for all properties and tenants annually.

· Annual Budget Preparation: Develop annual budgets for properties and estimate charges for tenants.

· Tenant Queries: Respond to tenant questions regarding billing and work with property managers to resolve all tenant inquiries.

· Financial Statement Review: Review financial statements, CAM reconciliations, and budgets for accuracy and completeness.

· Client Communication: Address client questions related to financial reports, tenants, and invoices.

· Lease Management: Enter new leases, renewals, and expansions into the system.

· Bank Reconciliations: Complete monthly bank reconciliations to ensure accuracy and consistency.

· Debt Service Calculations: Prepare monthly debt service coverage ratio calculations as needed.

· Tax Preparation: Upload all necessary information annually for tax preparation and respond to tax-related queries.

· Internal Controls Compliance: Ensure that all implemented internal controls are being followed and adhered to.

Characteristics

Trust Building
• Establishes trust with clients, partners, and team members through transparent communication and reliable execution.
• Maintains confidentiality when handling sensitive business information.
• Acts with integrity, adhering to ethical standards in all interactions.

Humility
• Acknowledges the expertise of others and seeks opportunities for collaborative problem-solving.
• Values feedback and demonstrates a willingness to learn from experiences.
• Leads with humility, putting the needs of the team and organization above personal recognition.

Relationship Development
• Cultivates strong relationships with clients, tenants, investors, and stakeholders within the industrial real estate sector.
• Listens attentively to understand the unique needs and preferences of each party involved.
• Collaborates effectively with internal teams and external partners to drive successful outcomes.

Excellence
• Sets high standards for property management, leasing, and development activities.
• Pays meticulous attention to detail to ensure the quality and safety of industrial real estate assets.
• Pursues innovative solutions to optimize property performance and enhance tenant satisfaction.

Expertise
• Demonstrates deep knowledge of industrial real estate market trends, regulations, and best practices.
• Stays informed about emerging technologies and industry advancements to remain competitive.
• Shares expertise with colleagues and mentors junior team members to foster professional growth.

Discernment
• Exercises sound judgment in evaluating investment opportunities and assessing property risks.
• Identifies strategic growth opportunities aligned with the organization's long-term objectives.
• Anticipates market fluctuations and adapts business strategies accordingly to mitigate potential challenges.

Respect
• Treats all stakeholders with respect and professionalism, regardless of background or status.
• Promotes diversity and inclusivity within the workplace and community.
• Upholds fair and equitable practices in all business dealings.

Success Orientation
• Sets ambitious goals for property acquisition, leasing, and revenue generation.
• Monitors key performance indicators and adjusts strategies to optimize outcomes.
• Celebrates achievements and milestones, fostering a culture of recognition and motivation.

Hard Working
• Demonstrates a strong work ethic and dedication to achieving business objectives.
• Takes initiative to overcome obstacles and deliver results under tight deadlines.
• Goes above and beyond to exceed client expectations and drive organizational success.

Community Engagement
• Actively participates in industry associations, networking events, and community outreach programs.
• Represents the organization as a responsible corporate citizen, contributing to local economic development initiatives.
• Demonstrates a commitment to environmental sustainability and social responsibility in industrial real estate practices.

Qualifications

Education:

· Bachelor’s degree required

· Degree in Accounting preferred

Experience:

· 5 years of commercial real estate accounting or relevant experience

United States
Minnesota
Minneapolis Show on map Get directions