Fund Controller, Accounting - CIM Group
Firestone Park, CA 90001
About the Job
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 Fund Controller, Accounting (Private) is responsible for the overall quality of the accounting, information supporting the financial reporting, maintenance of individual partners' capital, and investment schedules, performance measurement and preparation of management reports, including cash flow forecasting and other analysis, for their assigned funds and underlying assets.
RESPONSIBILITIES:
- 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, budgets, cash flow projections and review of job cost reports.
- Prepare and/or review general ledger close, including eliminations, accruals for fund level expenses, approving/processing invoices, and month-end reconciliations.
- Prepare and/or review fund, co-investment, and investment level financial statements and works with Financial Reporting to assist in the preparation or review of financial statements to meet investor requirements.
- Review investment level and fund-level lender reporting packages as well as pro-forma covenant calculations, as necessary.
- Analysis of fund and investment operations; accurately applies distribution allocations to calculate incentive allocations and performance returns applying knowledge of legal agreements and fund structure, including complex co-invest and joint venture structures, and fund and property level debt agreements.
- Prepare and/or review contribution, distribution calculations, waterfall calculations for funds, co-investments and joint ventures as needed.
- Assist in Treasury functions including monitoring/repayment of the fund credit facility, liquidity management, cash projections and review of cash transfers.
- Provide information for and take part in audit, tax preparation.
- Collaborate cross functionally across various teams whilst supporting middle office, tax, legal reporting and treasury functions for the Funds and entities.
- Assist with research of technical accounting matters, including the ability to document in memos as necessary.
EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)
- Bachelor's degree in accounting, finance or related field
- 6+ years' previous accounting or finance experience
- Knowledge of various asset classes, including closed-end real estate fund structures (subsequent closes, capital calls, distributions), PE fee structures (management fees and carried interest) valuation approaches, accounting and reporting processes
- Experience with Investment Company Accounting (fair market value, GAAP accounting, partnership accounting)
- Working knowledge of PE accounting ledger and associated hands on Yardi system experience
- Big 4 or other Public Accounting Experience (preferred)
- CPA (preferred)
- MBA, CFA or additional designation a plus
- Must be proficient in Microsoft Excel (Pivot Table, Sumif, V-Lookup).
ABOUT YOU:
- Ability to organize, perform and prioritize various functions to meet deadlines with minimal supervision.
- Effective communication skills, both written and oral, and strong attention to detail.
- Excellent interpersonal skills to develop strong working relationships.
- Proactive team player with strong work ethic.
- Strong analytical skills and detail oriented.
- Adapt quickly to changes, work efficiently in a dynamic fast paced work environment.
- Ability to make sound decisions related to accounting matters.
- Deadline driven and ability to manage multiple tasks.
- Ability to lead and manage team.
- Ability to work independently and to proactively evaluate and address work opportunities within the area of responsibility.
What CIM offers
CIM offers an enriched benefits program as well as a wide range of resources for eligible employees to thrive both inside and outside of work. Some of our benefits include:
• Medical, dental, and vision
• Company-subsidized Health Savings Account
• Company paid life & disability
• Pre-tax savings accounts
• 401(k) match
• Competitive vacation policy
• Additional voluntary benefits
• Paid time off for community service
• Paid Parental Leave: Up to 12 weeks
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. At CIM, base pay is one part of the total compensation package. This role is eligible for bonus pay in addition to base salary. The anticipated base salary range for the position in Los Angeles is $135,000 - $185,000.
How We Feel About Diversity and Inclusion:
CIM Group is committed to bringing together humans from different backgrounds and perspectives, providing employees with a safe and welcoming work environment free of discrimination and harassment. We strive to create a diverse & inclusive environment where everyone can thrive, feel a sense of belonging, and do impactful work together. As an equal opportunity employer, we prohibit any unlawful discrimination against a job applicant on the basis of their race, color, religion, gender, gender identity, gender expression, sexual orientation, national origin, family or parental status, disability*, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate. We respect the laws enforced by the EEOC and are dedicated to going above and beyond in fostering diversity across our workplace.
*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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Source : CIM Group
