Full-Time

Accounting Associate

Posted on 5/31/2024

CIM Group

CIM Group

1,001-5,000 employees

Real estate and infrastructure development firm

Government & Public Sector
Real Estate

Senior, Expert

South Jordan, UT, USA

This position requires onsite presence in Jordan, Utah.

Category
Budget Analysis
Cost Accounting
Financial Accounting
Accounting
Requirements
  • Bachelor’s degree in finance or accounting, demonstrating a solid understanding of job costs, accounting principles, and financial statement preparation.
  • Minimum of 5 years of experience in real estate development.
  • Willingness to coordinate schedules, host and attend meetings, and work collaboratively on multiple projects at the same time.
Responsibilities
  • Monitor project budgets, expenses, and financial performance.
  • Track and reconcile project costs, invoices, and payments and submit appropriate invoices for payment, including review of GC package (lien releases, coding, contract management, reconciliation to previous application, retention release calculation, etc.) prior to final invoice payment.
  • Handle and process all aspects for construction payables, to include payment tracking.
  • Examine financials against budgets and collaborate closely with appropriate individuals to ensure projects stay on track financially.
  • Take charge of monitoring the timely submission of draw packages to lenders, ensuring a smooth financing process.
  • Support financial modeling for new development opportunities.
  • Prepare financial statements for multiple entities.
  • Ensure financial records are maintained in compliance with accepted policies and procedures.
  • Ensure project spent in job cost detail reconcile to ledger and all monthly close processes are performed accurately and timely.
  • Assist the Accounting team other duties as assigned.

CIM Group focuses on real estate and infrastructure, operating as an owner, operator, lender, and developer. The company targets urban areas with significant growth potential, acquiring, developing, and managing properties while also providing loans for real estate projects. Revenue is generated through property rentals, sales, and lending activities. CIM serves a variety of clients, including investors, businesses, and community organizations, and has worked on notable projects like the Dolby Theatre in Hollywood and the Tribune Tower in Chicago. What sets CIM apart from competitors is its commitment to community engagement, demonstrated through initiatives such as preparing meals for those with chronic illnesses and creating community gardens. The goal of CIM Group is to be the leading partner for investors and users of real assets that benefit communities.

Company Stage

Debt Financing

Total Funding

$559.3M

Headquarters

Los Angeles, California

Founded

1994

Simplify Jobs

Simplify's Take

What believers are saying

  • CIM benefits from increased demand for mixed-use developments in urban areas.
  • The trend towards sustainable building practices aligns with CIM's ESG initiatives.
  • Real estate crowdfunding platforms offer CIM new opportunities for investment diversification.

What critics are saying

  • Rising interest rates could impact CIM's financing and borrowing costs.
  • Remote work trends may reduce demand for CIM's commercial office spaces.
  • Stricter environmental regulations could increase compliance costs for CIM's projects.

What makes CIM Group unique

  • CIM Group focuses on community-enhancing real estate and infrastructure projects.
  • The company integrates ESG initiatives into its development and management processes.
  • CIM's diverse expertise spans from due diligence to asset disposition.

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