Manager, Accounting
Cimgroup · Los Angeles, CA · onsite
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 900+ 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!
RESPONSIBILITIES:
- Support quarterly close processes, ensuring timeliness and accuracy.
- Prepare/review portfolio company estimated results as part of the fund close process.
- Prepare/review portfolio company results and uploads along with lookback analysis to estimates.
- Review of balance sheet reconciliations and analytical reviews of investment level performance.
- Investigate and resolve breaks or variances in data, calculations, or reporting.
- Assist in enhancing controls, documentation, and standard operating procedures.
- Prepare schedules and support for audits, tax preparation and valuations.
- Review quarterly and annual financial statements and footnotes, including consolidated and fair value reporting as required under GAAP.
- Assist with investor statements, capital account reporting, and performance reporting.
- Review of asset and fund level returns and help prepare analytical review of variances.
- Manage audit process with external auditors for financial statement audit and audit of internal controls.
- Accounting for acquisition and disposition of investments and booking of required funding.
- Undertake technical accounting analysis to support accounting determinations as required.
- Calculate and review management fees in accordance with governing documents (LPAs, IMAs, side letters).
- Calculate incentive allocations/performance fees, including hurdle rates, preferred returns, catch-ups, and crystallization mechanics.
- Maintain detailed support for fee calculations and respond to internal and external inquiries.
- Coordinate management fee capital calls, fee accruals, true-ups, and allocations at the fund and investor level.
EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.):
- Bachelor’s degree with emphasis in Accounting, Finance or related field.
- 5+ years’ previous related Fund Accounting plus Yardi Investment Accounting module is preferred.
- Knowledge of various asset classes, including open and closed-end real estate fund structures (subsequent closes, capital calls, distributions), PE fee structures (management fees and carried interest) valuation approaches (NAV) and impacts to accounting.
- Prior Fund accounting experience including preparation/reviews full-cycle accounting of assigned portfolio of fund(s), co-investments, investments including preparation and analysis of the financial statements, general ledgers, subsidiary ledgers in Yardi platform.
ABOUT YOU:
- Ability to work independently, identify, and proactively troubleshoot issues in Yardi Investment Management to meet deadlines with minimal supervision.
- Effective communication skills, both written and oral, and strong attention to detail.
- Proactive and collaborative team player with strong work ethic.
- Strong financial and system acumen and exceptional problem-solving skills.
- Adapt quickly to changes, work efficiently in a dynamic fast-paced work environment.
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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CIM does not accept unsolicited resumes from Agencies. Any unsolicited resumes received from Agencies will be considered property of CIM and no fees will be due or paid. If you wish to become an approved Agency with CIM or any of its Affiliates, please contact a member of the CIM Talent Acquisition Team.