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CIM Group

Urban real estate developer and lender

Manager, Accounting

Financial AccountingConfirmed live in the last 24 hours
Full-timeLos Angeles, CA, USAIn-person

About the Job

Requirements

  • A bachelor's degree with emphasis in Accounting, Finance, or a related field.
  • Five or more years of previous related fund accounting experience and experience with the Yardi Investment Accounting module are preferred.
  • Knowledge of various asset classes, including open- and closed-end real estate fund structures, subsequent closes, capital calls, distributions, private equity fee structures, management fees, carried interest, valuation approaches such as net asset value, and their accounting impacts.
  • Prior fund accounting experience preparing and reviewing full-cycle accounting for assigned funds, co-investments, and investments, including preparation and analysis of financial statements, general ledgers, and subsidiary ledgers in the Yardi platform.
  • Ability to work independently, identify issues, and proactively troubleshoot them in Yardi Investment Management to meet deadlines with minimal supervision.
  • Strong written and oral communication skills and attention to detail.
  • Strong financial and systems acumen and problem-solving skills.
  • Ability to adapt to changes and work efficiently in a dynamic, fast-paced environment.

Responsibilities

  • Support quarterly close processes, ensuring timeliness and accuracy.
  • Prepare or review portfolio company estimated results as part of the fund close process.
  • Prepare or review portfolio company results and uploads, along with lookback analysis against estimates.
  • Review balance sheet reconciliations and analytically review investment-level performance.
  • Investigate and resolve breaks or variances in data, calculations, or reporting.
  • Assist in enhancing controls, documentation, and standard operating procedures.
  • Prepare schedules and support for audits, tax preparation, and valuations.
  • Review quarterly and annual financial statements and footnotes, including consolidated and fair value reporting as required under generally accepted accounting principles.
  • Assist with investor statements, capital account reporting, and performance reporting.
  • Review asset- and fund-level returns and help prepare analytical review of variances.
  • Manage the external audit process for financial statements and internal controls.
  • Account for acquisitions and dispositions of investments and book required funding.
  • Undertake technical accounting analysis to support accounting determinations as required.
  • Calculate and review management fees in accordance with governing documents, including limited partnership agreements, investment management agreements, and side letters.
  • Calculate incentive allocations and performance fees, including hurdle rates, preferred returns, catch-ups, and crystallization mechanics.
  • Maintain detailed support for fee calculations and respond to internal and external inquiries.
  • Coordinate management fee capital calls, fee accruals, true-ups, and allocations at the fund and investor level.

Desired Qualifications

  • Five or more years of previous related fund accounting experience and experience with the Yardi Investment Accounting module are preferred.

About the Company

CIM Group

Urban real estate developer and lender

CIM Group is a real estate and infrastructure owner, operator, lender, and developer that focuses on urban areas with high growth potential. It acquires, develops, and manages properties and provides loans for real estate projects, earning revenue from rentals, sales, and lending activities. Its portfolio includes notable properties such as the Dolby Theatre in Hollywood, Tribune Tower in Chicago, and the Downtown Grand Hotel Casino in Las Vegas. The company also engages in community outreach, like meals programs for people with chronic illnesses and building community gardens. CIM differentiates itself by combining ownership, development, and lending under one group, plus a strong emphasis on community impact and urban development. Its goal is to be the premier partner for investors in real assets that serve communities and to create value for both investors and local communities through responsible, growth-focused real estate and infrastructure projects.

Company size
1,001-5,000
Company stage
Debt Financing
Total funding
$607M
Headquarters
Los Angeles, CA
Founded
1994

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