AP & AR Specialist

Job Type: Regular full-time

FLSA Status: Exempt

Pay Type: Salary

Compensation

$55,000 - $65,000 annual base salary

Reports To: AP/AR Accounting Manager

Work Location: LaSalle Plaza – Downtown Minneapolis, on-site

Schedule: Monday–Friday, 8am – 5pm (occasional early mornings, evenings, or special events as needed)

About Hempel Real Estate

Hempel is a commercial real estate firm based in Minnesota with investments across the Midwest. Hempel has experience on every level of real estate transactions, and we specialize in new and adaptive re-use projects. Since 2001, Hempel has acquired and developed more than $1 billion worth of office, retail, multi-family residential, hospitality, industrial, and parking.

Hempel Real Estate is a team of hard-working innovators who are passionate about making lives better by making buildings better. We care about more than just providing exceptional commercial real estate services. We work hard to add value to each project.

Our Core Focus

Making lives better by making buildings better.

Our Core Values

Great missions are built on strong cultures – and strong cultures start with shared values. Here’s what we stand for, and what we look for in our teammates:

• We MAKE IT HAPPEN. We solve problems that others can’t. We see opportunities where others don’t.
• We are GRITTY. We possess courage and resolve, showing persistence in the face of challenges.
• We are SQUARED AWAY. Implies everything is in its rightful place, and the situation is well-managed and under control.
• We are INQUISITIVE. We can formulate questions that lead to meaningful and insightful answers.

About the Role

Hempel Real Estate is seeking a highly detail-oriented AP & AR Specialist who is responsible for assisting with the company’s incoming and outgoing financial transactions. The role ensures accurate processing of invoices, timely collections, and maintenance of financial records while supporting overall cash flow and financial integrity.

The ideal candidate is detailed, process and team-oriented, and proactive. This AP & AR Specialist position provides an excellent opportunity to expand existing experience and grow within the real estate industry. This role will have the opportunity to work with a dynamic team and contribute to the financial success of Hempel Real Estate. This position reports directly to the AP/AR Accounting Manager.

Key Responsibilities (are inclusive of but not limited to)

Accounts Payable (AP)

• Review, code, and process vendor invoices accurately and timely
• Match invoices with purchase orders and receiving documents
• Assist with the weekly check runs, ACH, and wire payments
• Reconcile vendor statements and resolve discrepancies
• Ensure compliance with company policies and internal controls

Accounts Receivable (AR)

• Monitor accounts for incoming payments and apply payments accurately
• Assist with the reconciliation of customer accounts and resolve billing discrepancies
• Maintain accurate aging reports and communicate status to management

General Accounting Support

• Assist with month-end close activities (e.g., reconciliations, accruals, reporting)
• Maintain organized financial records and documentation
• Support audits by providing requested documentation
• Collaborate with internal teams (e.g., property management, operations, HR, etc.)
• Other duties as assigned

Minimum Skills & Qualifications

• Associate’s or Bachelor’s degree in Accounting, Finance, or related field or equivalent experience
• Strong understanding of accounting principles and best practices
• Proficiency in accounting software (RealPage experience preferred)
• Strong Excel skills
• Strong attention to detail and excellent organizational and time management skills
• Excellent verbal and written communication and problem-solving skills

Desired Qualifications & Characteristics

• 2+ years of AP/AR or general accounting experience preferred
• Advanced proficiency in RealPage or similar accounting software
• Experience with commercial real estate accounting
• Highly dependable and resourceful
• Team-oriented

Additional Requirements

• Ability to travel occasionally for team events and meetings or collaboration
• Exceptionally self-motivated with the ability to work autonomously
• Proactive communicator across email, verbal, and instant messaging
• Must be 18 years or older
• Must have unrestricted work authorization to work in the United States

Our Benefits Offered

• Medical insurance coverage - covered 90% by employer for the employee
• HSA-eligible medical plans
• Dental insurance coverage
• Vision insurance
• 401(k) plan - 4% match on a 5% contribution
• Short-term disability insurance
• Long-term disability insurance
• Life insurance
• Accidental insurance
• Critical illness insurance
• Hospital indemnity insurance
• Employee assistance program (EAP)
• Pet insurance
• Unlimited planned paid time off
• Paid company holidays
• Family day
• Free downtown parking
• Class A onsite amenities which include access to:
• Fitness center
• Sauna
• Cold plunge
• Pickleball court
• Golf simulators

Hempel Real Estate is committed to building a diverse and inclusive work environment. We are proud to be an equal opportunity employer and welcome all applicants regardless of race, color, religion, creed, gender, sexual orientation, marital status, gender identity, national origin or ancestry, age, citizenship, disability, pregnancy, veteran status, or any other basis protected by applicable law.

If, as an individual with a disability, you need reasonable accommodation during the application process, please contact Human Resources. Hempel Real Estate is an equal opportunity/affirmative action employer.

A note on our hiring process: Hempel Real Estate may use AI tools to assist in organizing and summarizing candidate information during the review process. All hiring decisions are made by humans. AI assistance is never the sole basis for advancing or declining any candidate.