Vice President, Cash Management

CIM Group • Los Angeles, CA

15d

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 Vice President of Cash Management will be responsible for the oversight and management of CIM’s Treasury Operations and Accounts Payable functions for both the CIM Management Company and CIM managed Funds. The Vice President will report to the Managing Director, Accounting and will work closely with Portfolio Oversight, Fund Accounting, Corporate Accounting and Capital Markets teams. The role will be responsible for the day-to-day management of the Treasury Operations and AP teams and will be involved in the implementation of strategic cash and vendor management strategies for CIM’s Funds.

Requirements

• Bachelor's Degree in Accounting or related field and CFA or comparable certifications and CTP certification a strong plus.
• 15 years of experience in Treasury or Fund finance functions ideally within large Alternative Asset Managers across real estate, private credit or infrastructure companies.
• Risk focused mindset with emphasis on maintaining a robust control framework in a SOX controlled environment.
• Knowledge and hands on experience with an appropriate risk management framework for verification of payment details.
• Proven experience managing teams, implementing new processes and driving operational excellence whilst working across multiple stakeholder groups.
• Strong communication and presentations skills and experience in developing reporting for Treasury functions.
• Experience of automated Treasury management systems.
• Awareness of vendor management and accounts payable processes for Alternative Asset Managers.

Nice To Haves

• Experience working with Yardi P2P and Investment Accounting a plus.
• Experience with foreign currency transactions and jurisdictions a plus.

Responsibilities

• People Management of the Treasury and AP teams to ensure operational excellence and adherence with control frameworks.
• Oversight of teams managing execution of Treasury payments and draws on credit facilities.
• Oversight of liquidity management across CIM’s Funds and Corporate entities.
• Work closely with key stakeholders of Treasury and AP to ensure a high level of service delivery that meets business requirements.
• Oversight of team managing execution of Treasury payments.
• Develop and manage liquidity forecasting for Corporate and Fund vehicles’ daily, weekly and monthly cash needs.
• Working with Portfolio Oversight and Fund Accounting teams to develop strategies to optimize funding and cash management across the structures including cash sweeps and money market placements.
• Maintain and strengthen commercial banking relationships with CIM’s existing banks and development of new commercial banking relationships.
• Enhance treasury reporting and dashboards including KPI metrics, cash positions and analysis of banking spend across banking relationships.
• Optimize efficiency of banking structure including number of banking relationships and number of bank accounts to drive efficiency.
• Oversight of team responsible for processing of AP and vendor management.
• Working with key stakeholders to develop and enhance the vendor management program including the process and system to maintain vendor details and receipt of vendor information.
• Overall responsibility of the AP team’s compliance with policies and procedures.
• Develop KPI reporting on AP processes to measure performance and service delivery of the AP team to drive continuous improvement and operational excellence.
• Oversight of design of approval workflows to ensure adequate controls are in place whilst maintaining an efficient process.
• Management of yearly 1099 reporting.
• Work with stakeholders on the design and implementation of a global cash management strategy for CIM’s funds including implementation of a Treasury execution system.
• Work with stakeholders on the design and implementation of a new vendor management system.
• Work closely with IT in relation to business management of Yardi P2P.
• Responsible for compliance with CIM’s Treasury and AP control frameworks including maintenance of policies and procedures.
• Oversight of escheatment process and reporting of unclaimed properties.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 1,001-5,000 employees