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Full-Time

Accounting Associate

Posted on 5/31/2024

CIM Group

CIM Group

1,001-5,000 employees

Real estate and infrastructure development and management

Social Impact
Financial Services
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 strong 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 those involved in real assets that benefit communities.

Company Stage

N/A

Total Funding

$47.5M

Headquarters

Los Angeles, California

Founded

1994

Simplify Jobs

Simplify's Take

What believers are saying

  • Working on high-profile projects like Centennial Yards offers exposure to large-scale, impactful developments.
  • CIM Group's diverse portfolio provides opportunities to gain experience across multiple real estate sectors.
  • The company's focus on integrating advanced technology into their projects can offer employees a chance to work on innovative and forward-thinking developments.

What critics are saying

  • The scale and complexity of CIM Group's projects can lead to high-pressure work environments and tight deadlines.
  • Frequent acquisitions and sales, such as the recent sale of The Argonne, may lead to job instability and uncertainty for employees.

What makes CIM Group unique

  • CIM Group's diverse portfolio spans various sectors, including entertainment, hospitality, residential, and data centers, showcasing a broad investment strategy.
  • Their focus on high-profile, large-scale projects like Centennial Yards in Atlanta and the Downtown Grand Casino in Las Vegas sets them apart from smaller, niche real estate firms.
  • CIM Group's commitment to integrating cutting-edge technology, such as Cosm's Shared Reality, into their developments highlights their innovative approach to real estate.

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