Assistant Controller

About Hempel:

Hempel Real Estate is a leading commercial real estate company in the Minneapolis area dedicated to acquiring, developing, and managing properties across diverse markets. Founded in 2001, Hempel Real Estate has earned a reputation for bringing dynamic and fresh vision to real estate investment. Hempel has more than 4 million square feet in its portfolio and over $900M in assets under management. With a proven track record of success, Hempel Real Estate specializes in turnaround projects and new and re-use development properties with a focus on industrial, retail, multi-family and office.

Position Summary

The Assistant Controller will lead the accounting function for our corporate departments and be responsible for overseeing the property accounting team. This role is responsible for managing all aspects of accounting operations including general ledger, accounts payable/receivable, financial reporting, cash management, payroll and compliance. The ideal candidate has a strong background in real estate accounting, excellent organizational skills, and the ability to lead a team in a fast-paced environment.

Key Responsibilities

• Oversee daily accounting operations for our corporate departments and property accounting functions, ensuring accuracy and efficiency.

• Manage month-end and year-end close processes, including journal entries, reconciliations, and financial statement preparation.

• Act a final reviewer of all property financials ensuring accuracy, completeness and meeting deadlines

• Responsible for entering and managing payroll for the entire company

• Develop and maintain accounting policies, procedures, and internal controls to ensure compliance with GAAP and industry standards.

• Supervise accounts payable and accounts receivable functions, ensuring timely payments and collections.

• Prepare, review, and analyze financial reports for management, investors, and lenders.

• Oversee cash flow management, including monitoring reserves and forecasting needs.

• Support annual audits and tax returns while coordinating with external auditors and tax advisors.

• Partner with asset management and property management teams to provide financial insights and reporting.

• Train, mentor, and manage junior accounting staff.

• Identify and implement process improvements to enhance efficiency and accuracy.

• Work closely with the Controller and Chief Operating Officer on special projects as needed.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field; CPA or CMA designation preferred.

• 7 years of experience in accounting, with at least 3 years in a supervisory role.

• Prior experience in public accounting (audit or tax) is highly preferred

• Prior experience in the real estate field is highly desirable.

• Strong knowledge of accounting principles, financial reporting, and regulatory requirements.

• Proficiency in accounting software and ERP systems; experience with RealPage is a plus.

• Excellent analytical, organizational, and problem-solving skills.

• Ability to work independently and solve problems is key to success in this role.

• Strong leadership and team management abilities.

• Exceptional communication and interpersonal skills.

This Assistant Controller position provides an excellent opportunity to expand on existing experience in real estate accounting, financial analysis, and leadership. The successful candidate will have the chance to work with a dynamic team and contribute to the financial success of our commercial real estate portfolio.

Hempel Real Estate is an equal opportunity employer. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, or any other legally protected status.

Minnesota Residents: Hempel Real Estate carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The salary range for the Assistant Controller position is $110,000.00 to $130,000.00 annually. This range is a good faith estimate and the actual compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience.

Hempel Real Estate offers a competitive benefits package:

• Health Insurance – Covered 100% by employer for the individual

• 401K (4% match on a 5% contribution)

• Unlimited Planned PTO

• Free Parking

• World class onsite amenities which include onsite:

o Gym

o Sauna & Cold Plunge

o Pickleball Court

o Golf Simulators