Sr. Accountant

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!
POSITION PURPOSE

The position of Senior Accountant is responsible for applying CIM accounting policies and GAAP methodology to the day-to-day accounting of assigned processes. This role supports the Controller and Senior Manager with full cycle close, recurring and ad hoc deliverables, develops a solid understanding of company investment structures, monitors and reconciles cash activity, and prepares financial reports and operational metrics. The role requires strong independent judgment and discretion and operates with limited supervision.

RESPONSIBILITIES:

Monthly reporting and analysis

Review asset level reporting prepared by asset level accountants.

Responsible for accounting for investments, including preparing investment level financial statements 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 & 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.

Preparation of balance sheet reconciliations and analytic reviews of investment level performance.

Completion of quarter end and month end checklist.

Assist in the preparation of accounting analyses and documentation for complex or non-routine transactions associated with real estate costs and development projects.

Prepare schedules and support for audits, tax preparation and valuations.

New Fund and transaction support

Accounting for acquisition and disposition of assets and booking of required funding.

Assist in set-up of accounting structures.

Cash and liquidity management

Monitor cash balances and liquidity needs in the investment structures, approving settlement of invoices and working with Managers on capital draws and distributions.

Approval of non-operating accruals and accounts payable.

EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)

College degree in accounting or finance (BA or BS).

3+ years of previous GAAP accounting experience (preferably in Real Estate/Private Equity/or Capital Projects).

Experience with fixed assets, capitalization policies, and strong understanding of ASC 970 and ASC 360.

Big 4 or other public accounting experience (preferred).

CPA (preferred).

ABOUT YOU:

Demonstrated knowledge and application of GAAP accounting.

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.

Time management.

Proficient in Microsoft Office, especially Excel and Word.

Experience in Yardi, MRI, J. D. Edwards or comparable software.

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. #LI-KO1
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. CIM is committed to maintaining the confidentiality and privacy of your personal and financial information. Please click here for our Privacy Policy. 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.