Hyde Development
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 in the Midwest and Mountain states. Hyde’s projects span over 8 million square feet and are noted for their innovative, sustainable approaches.
The Senior Property Accountant at Hyde Development will lead the accounting and financial reporting for a portfolio of Class‑A industrial and commercial properties across multiple markets. This role will ensure accurate, timely financials, drive continuous improvement, and partner closely with property and asset management teams. This role supports Hyde’s culture of high integrity, relationships, and community‑minded development.
Responsibilities
Lead month‑end and year‑end close for assigned property portfolio, including journal entries, accruals, reconciliations, and variance analysis.
Prepare and present monthly financial statements and ad‑hoc analyses to the Controller and Asset Management team.
Oversee budgeting and forecasting for properties and collaborate with operations teams to align assumptions.
Perform CAM and lease reconciliations, tenant billing review, and ensure lease accounting accuracy.
Monitor cash flow and manage reporting for reserves, distributions, and inter‑company transfers.
Ensure compliance with GAAP, lease accounting, and vendor/tax reporting.
Mentor and review work of Associate Property Accountant(s) and promote continuous improvement.
Collaborate across property management, asset management, and development teams to translate financial insights into business actions.
Participate in ad‑hoc projects such as acquisitions, dispositions, redevelopment accounting, or system implementations.
Qualifications
Bachelor’s degree in Accounting, Finance, or related field.
5–7 years of property accounting experience in commercial/industrial real estate.
Strong understanding of GAAP, lease accounting, and CAM reconciliations.
Proficiency in Yardi, MRI, or comparable accounting software; advanced Excel skills.
Excellent analytical, communication, and collaboration skills.
Excellent written and verbal communication skills — able to interact professionally with tenants, vendors, and colleagues.
Proactive, solutions‑oriented, with high integrity, reliability, and ability to handle confidential information.
Team player who thrives in a collaborative, growth‑oriented environment and aligns with Hyde’s values of authenticity, accountability, and relationships.
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.
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.
Seniority level
Mid‑Senior level
Employment type Full‑time
Job function Accounting/Auditing and Finance
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The Senior Property Accountant at Hyde Development will lead the accounting and financial reporting for a portfolio of Class‑A industrial and commercial properties across multiple markets. This role will ensure accurate, timely financials, drive continuous improvement, and partner closely with property and asset management teams. This role supports Hyde’s culture of high integrity, relationships, and community‑minded development.
Responsibilities
Lead month‑end and year‑end close for assigned property portfolio, including journal entries, accruals, reconciliations, and variance analysis.
Prepare and present monthly financial statements and ad‑hoc analyses to the Controller and Asset Management team.
Oversee budgeting and forecasting for properties and collaborate with operations teams to align assumptions.
Perform CAM and lease reconciliations, tenant billing review, and ensure lease accounting accuracy.
Monitor cash flow and manage reporting for reserves, distributions, and inter‑company transfers.
Ensure compliance with GAAP, lease accounting, and vendor/tax reporting.
Mentor and review work of Associate Property Accountant(s) and promote continuous improvement.
Collaborate across property management, asset management, and development teams to translate financial insights into business actions.
Participate in ad‑hoc projects such as acquisitions, dispositions, redevelopment accounting, or system implementations.
Qualifications
Bachelor’s degree in Accounting, Finance, or related field.
5–7 years of property accounting experience in commercial/industrial real estate.
Strong understanding of GAAP, lease accounting, and CAM reconciliations.
Proficiency in Yardi, MRI, or comparable accounting software; advanced Excel skills.
Excellent analytical, communication, and collaboration skills.
Excellent written and verbal communication skills — able to interact professionally with tenants, vendors, and colleagues.
Proactive, solutions‑oriented, with high integrity, reliability, and ability to handle confidential information.
Team player who thrives in a collaborative, growth‑oriented environment and aligns with Hyde’s values of authenticity, accountability, and relationships.
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.
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.
Seniority level
Mid‑Senior level
Employment type Full‑time
Job function Accounting/Auditing and Finance
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