Director of Property Accounting

About Mynd:

Mynd is a tech-enabled real estate company serving the $85B+ property management and real estate investment market. In the past few years, consumers have gained access to free stock trades, greater transparency in the mortgage market, and apps that make managing their money more convenient. Yet real estate investment, the most powerful tool for building generational wealth, has largely been the purview of wealthier individuals and professional money managers.

Mynd is determined to overhaul that paradigm.

At Mynd, we’re on a mission to democratize access to happy homes and sustainable investments by making the purchase of single-family residential real estate as effortless as other types of investments. Investing in real estate can be intimidating, especially for first-time buyers. Moreover, many potential investors don’t want to buy real estate in their geographic area, or have been priced out of competitive big city housing markets.

With operations in 25 markets across the U.S. and real-time insights via our platform, we remove the time, communication, and geographic barriers traditionally associated with buying real estate. Investors can now find, purchase, lease, manage, and sell single-family rental properties 100 percent remotely.

Mynd is Best Places to Work certified, a Built In SF Best Places to Work 2022 winner, and was named the #1 fastest-growing East Bay company by the San Francisco Business Times in 2021. We’ve attracted talent from Starwood Waypoint Homes, The New York Times, McKinsey, BCG, Compass, Better, One Medical, Zillow, Upwork, WeWork, and Facebook. We’re backed by top VCs, including Lightspeed, Canaan, Jackson Square, and QED, and recently announced a $5 billion deal with Invesco Real Estate that will make us the largest buyer of single-family rental homes in the country.

Join us!

About the role:

The Director of Property Accounting will be responsible for supervising accounting procedures, managing accounts payable, and orchestrating the creation of reporting packages for all retail and institutional customers across diverse regions. This person will support all aspects of accounting policy, control environment, and financial reporting, including ensuring prompt and accurate distributions to owners. The Director of Property Accounting will interface directly with key senior Executive client personnel within the Finance and Accounting sector, and will work to manage relationships with those key clients as it pertains to Mynd’s Property Accounting offering.  

To excel in this role, the individual will need robust accounting and communication abilities, presentation skills, and experience managing large, remote teams. A proven record of  cross-functional collaboration to achieve outcomes, and the ability to thrive in a fast-paced, start-up environment are highly desired. Strong preference for a thought partner who has built teams, systems and processes in a high-tempo environment.

Responsibilities:  

Financial Reporting: Prepare and review financial statements, reports, and disclosures related to property assets in accordance with Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). Ensure accuracy, completeness, and timeliness of financial information.  Oversee preparation of 1099 and 1096 reporting to vendors and IRS.  Oversee preparation of quarterly 592 and 588 forms to Franchise Tax Board on an as-needed basis.

Asset Management: Manage the accounting and reporting for a diverse portfolio of property assets, which may include real estate properties, land holdings, leased assets, and investment properties. Develop and implement accounting policies and procedures related to property assets.

Budgeting and Forecasting: Collaborate with finance and operations teams to develop property-related budgets, forecasts, and projections. Provide insights and analysis to support decision-making related to property investments, acquisitions, and disposals.

Compliance: Ensure compliance with relevant accounting standards, tax regulations, and legal requirements related to property accounting. Stay updated on industry-specific regulations and changes in accounting standards that may impact property accounting practices.

Internal Controls: Establish and maintain strong internal controls related to property accounting processes. Monitor and assess the effectiveness of controls, identify and mitigate risks, and implement process improvements to enhance efficiency and accuracy.

Team Leadership: Lead and mentor a team of property accountants, providing guidance, support, and development opportunities. Foster a collaborative and high-performing work environment, promoting professional growth and engag