About Hempel Real Estate Hempel Real Estate is a Minnesota-based commercial real estate firm with investments across the Midwest. We specialize in new and adaptive reuse projects and have developed more than $1 billion in office, retail, multifamily residential, hospitality, industrial, and parking assets since 2001.
Role summary Hempel Real Estate is seeking a highly detail-oriented Development Accountant to join the finance team. This position provides comprehensive accounting support for real estate development projects from inception through stabilization, ensuring accurate cost tracking, reporting, and compliance with GAAP and internal/external reporting requirements. The Development Accountant reports to the Assistant Controller and collaborates with the broader accounting team.
About Hempel Real Estate Hempel Real Estate is a Minnesota-based commercial real estate firm with investments across the Midwest. We specialize in new and adaptive reuse projects and have developed more than $1 billion in office, retail, multifamily residential, hospitality, industrial, and parking assets since 2001.
Role summary Hempel Real Estate is seeking a highly detail-oriented Development Accountant to join the finance team. This position provides comprehensive accounting support for real estate development projects from inception through stabilization, ensuring accurate cost tracking, reporting, and compliance with GAAP and internal/external reporting requirements. The Development Accountant reports to the Assistant Controller and collaborates with the broader accounting team.
Key responsibilities - Manage the general ledger for multiple development projects - Track and code construction and development costs; reconcile project accounts; oversee loan draw schedules - Prepare lender/equity draw packages and maintain documentation - Produce monthly balance sheet reconciliations and monthly/quarterly financial reports with budget-to-actual comparisons - Assist with year-end audit and tax preparation - Lead budgeting and forecasting for initial project budgets and revisions - Monitor budget changes, change orders, and contingencies; collaborate with senior development managers to maintain forecasts - Ensure GAAP compliance and support internal controls - Undertake special projects as assigned; travel occasionally for team events as needed - Maintain a
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Key responsibilities - Manage the general ledger for multiple development projects - Track and code construction and development costs; reconcile project accounts; oversee loan draw schedules - Prepare lender/equity draw packages and maintain documentation - Produce monthly balance sheet reconciliations and monthly/quarterly financial reports with budget-to-actual comparisons - Assist with year-end audit and tax preparation - Lead budgeting and forecasting for initial project budgets and revisions - Monitor budget changes, change orders, and contingencies; collaborate with senior development managers to maintain forecasts - Ensure GAAP compliance and support internal controls - Undertake special projects as assigned; travel occasionally for team events as needed - Maintain a
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