Controller, Credit Accounting
About The Position
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 Controller, Accounting is responsible for the overall quality of the accounting, information supporting the financial reporting, maintenance of individual partnersâ 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. The position partners closely with portfolio management, valuations, tax, treasury, as well as internal and external auditors to ensure the integrity of financial data throughout the investment lifecycleâfrom acquisition through disposition. The role also contributes to new investment onboarding, transaction activity, and ongoing liquidity management within complex investment structures.
Requirements
- Bachelor's Degree in Accounting, Finance or related field.
- 7-10 years of related experience.
- 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), accounting and reporting processes
- 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.
- Working knowledge of PE accounting ledger and associated hands on Yardi system experience
- Must be proficient in Microsoft Office (i.e. Excel Pivot Tables, Sum-If, V-Lookups etc).
- Ability to build and implement new workflow and procedures working across multiple stakeholder groups.
- Strong written and verbal communication skills
- Ability to solve practical problems and continuously identify new ways to improve processes.
Nice To Haves
- Big 4 or other Public Accounting Experience (preferred)
- CPA (preferred)
- MBA, CFA or additional designation a plus
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 key liaison 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 as well as fund and property level debt agreements.
- Prepare and/or review contribution, distribution calculations, waterfall calculations for funds, co-investments and joint ventures, as needed.
- Accounting for acquisition and disposition of assets and booking of required funding.
- Assist in set-up of accounting structures.
- 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 and tax preparation.
- Collaborate cross functionally across various teams whilst supporting middle office, tax, legal financial reporting and treasury functions for the Funds and entities.
- Assist with research on technical accounting matters, including the ability to document in memos as necessary.
Benefits
- 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
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
