Sr. Accountant

CIM Group, LP•Phoenix, AZ

About The Position

The Senior Accountant applies CIM accounting policies and GAAP methodology to day-to-day accounting for assigned processes. The role supports the Controller and Senior Manager with the full close cycle and recurring and ad hoc deliverables, develops an understanding of company investment structures, monitors and reconciles cash activity, and prepares financial reports and operational metrics. The position requires independent judgment and discretion and operates with limited supervision. The Senior Accountant handles monthly reporting and analysis for investments, including investment-level financial statements and GAAP adjustments under ASC 970 and ASC 820. The role also supports accounting for investment-level debt, property taxes, insurance payables and other non-operating accruals; fair value entries and related schedules; management fee calculations; reconciliations; and close checklists. Additional duties include accounting support for acquisitions and dispositions, accounting structure setup, cash and liquidity management, and preparing support for audits, tax preparation and valuations.

Requirements

College degree in accounting or finance (BA or BS).
At least 3 years of previous GAAP accounting experience.
Experience with fixed assets and capitalization policies.
Strong understanding of ASC 970 and ASC 360.
Demonstrated knowledge and application of GAAP accounting.
Ability to independently organize and manage multiple tasks in a detailed, deadline-oriented environment with minimal supervision.
Analytical and critical-thinking skills.
Strong written and verbal communication skills.
Time-management skills.
Proficiency in Microsoft Office, especially Excel and Word.
Experience with Yardi, MRI, J. D. Edwards or comparable software.

Nice To Haves

GAAP accounting experience in real estate, private equity or capital projects.
Big 4 or other public accounting experience.
CPA.

Responsibilities

Review asset-level reporting prepared by asset-level accountants.
Account for investments, including preparing investment-level financial statements and GAAP adjustments as required by ASC 970 Real Estate Accounting and ASC 820 Fair Value Accounting.
Account for investment-level debt, property taxes, insurance payables and other non-operating accruals.
Assist with real estate investment and debt schedules for valuations, and prepare fair value entries and supporting cost and debt roll-forwards.
Calculate and account for property and development management fees and, where required, fund management fees based on fund tier levels.
Prepare balance sheet reconciliations and analytic reviews of investment-level performance.
Complete quarter-end and month-end checklists.
Assist with 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.
Account for asset acquisitions and dispositions and book required funding.
Assist in setting up accounting structures.
Monitor cash balances and liquidity needs in investment structures, approve invoice settlements, and work with Managers on capital draws and distributions.
Approve non-operating accruals and accounts payable.

Benefits

Competitive compensation plan.
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.
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.