Manager, Accounting

ABOUT CIM GROUP:

CIM is a community-focused real estate and infrastructure owner, operator, lender, and developer. Our team of experts works together to identify and create value in real assets, benefiting the communities in which we invest. Back in 1994, our three founders focused on projects in Southern California neighborhoods. Today, we are a diverse team of 1,000+ employees with projects across the Americas. Our projects have delivered jobs; created comfortable places to live, work, and relax; and provided necessary and sustainable infrastructure. Our focus on enhancing communities is unwavering, and we strive to make an even greater impact in the years to come. Join us and make an impact today!

POSITION PURPOSE:

The Manager, Investment Accounting, will be responsible for the oversight and performance analysis of asset level accounting results and finalizing required monthly investment accounts in line with GAAP for assigned investments.  The Manager will also be responsible for balance sheet reconciliations and compliance with CIM’s control framework. Additional responsibilities may include oversight of cash management and third-party lender reporting.

The role supports the Controller & Vice President and relies heavily on independent judgment and discretion and includes only limited supervision. 

• Monthly reporting and analysis
• Review property accounts prepared by asset level accountants.
• Responsible for accounting for investments, including preparing investment level financial statements, by consolidating property trial balances and preparing GAAP adjustments as required by ASC 970 Real Estate Accounting and ASC 820 Fair Value Accounting.
• Accounting for investment level debt, property taxes, insurance payables and other non-operating accruals.
• Assist with real estate investment and debt schedules for valuations, prepare fair value entries and supporting cost & debt roll forwards.
• Calculation and accounting for property and development management fees and where required fund management fees based on fund tier levels.
• Review of balance sheet reconciliations and analytical reviews of investment level performance.
• Completion and review of quarter end and month end checklist tasks.
• Prepare schedules and support for audits, tax preparation and valuations.
• Review of semi and annual financial reporting, including consolidated financial reporting as required under GAAP.
• Investment acquisitions and dispositions
• Accounting for acquisition and disposition of assets and booking of required funding.
• Assist in set up of accounting structures.
• Cash and third-party lender management
• Monitor cash balances and liquidity needs in the investment structures, approving settlement of invoices and working with team on capital draws and distributions.
• Approval of non-operating accruals and accounts payable.
• Preparation and/or review of lender reporting for third party debt that might be in place and supporting management, and other teams in calculation of loan level covenants. 

• Bachelor's Degree in Accounting or related field.
• CPA certification qualified with a large accounting firm and awareness of SOX controls.
• Minimum of 5 years of previous GAAP accounting with experience in ASC 970 Real Estate and ASC 820 Fair Value preferred.
• Industry experience should be with Real Estate and/or Investment Management firms.
• Experience in Yardi and proficient in Microsoft Office, especially Excel and Word

• Ability to independently organize and manage multiple tasks in a detailed and deadline-oriented environment with minimal supervision.
• Analytical and critical thinking skills.
• Strong written and verbal communication skills and the ability to clearly communicate trends in large volumes of financial data.
• Ability to read, analyze and interpret complex agreements
• Ability to solve practical problems and continuously identify new ways to improve processes.

WHAT CIM OFFERS:

At CIM, we believe our success stems from our collective efforts, and we are committed to providing well-rounded support and resources for our employees. In addition to a competitive compensation plan, CIM offers a comprehensive benefits program for employees to thrive both inside and outside of work. Eligible employees can enjoy a wide range of benefits, including:

•   A variety of Medical, dental, and vision benefit plans

•   Health Savings Account with a generous employer contribution

•   Company paid life and disability insurance

•   401(k) savings plan, with company match

•   Comprehensive paid time off, including: vacation days, 10 designated holidays, sick time, and bereavement leave

•   Up to 16 hours of volunteer time off

•   Up to 16 weeks of Paid Parental Leave

•   Ongoing professional development programs

•   Wellness program, including monthly and quarterly prizes

•   And more!

Actual base salary considers several factors including but not limited to geography, job-related knowledge, experience, and budget. The start of the salary range is typically associated with the minimum experience required.

HOW WE FEEL ABOUT DIVERSITY AND INCLUSION:

At CIM Group, we believe that the unique perspectives and backgrounds of our employees enhance everything we do. We are committed to fostering an inclusive environment where diversity is not only respected but celebrated. We strive to ensure that our workplace is free from discrimination and harassment, allowing everyone to contribute meaningfully and feel a sense of belonging. As an equal opportunity employer, we strictly prohibit any form of unlawful discrimination and adhere to the laws enforced by the EEOC. Our goal is to provide a safe and supportive environment where all employees can grow and make impactful contributions together.

*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group. Please inform our Talent team if you need any assistance completing any forms or to otherwise participate in the application process.

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