Full-Time

Fund Controller

Accounting

Posted on 10/18/2024

CIM Group

CIM Group

1,001-5,000 employees

Real estate and infrastructure development and management

Government & Public Sector
Real Estate

Compensation Overview

$135k - $185kAnnually

+ Bonus

Senior

Los Angeles, CA, USA

Position requires onsite presence in Los Angeles, CA.

Category
Financial Accounting
Financial Analysis
Financial Controller
Accounting
Required Skills
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree in accounting, finance or related field
  • 6+ years’ previous accounting or finance experience
  • Knowledge of various asset classes, including closed-end real estate fund structures (subsequent closes, capital calls, distributions), PE fee structures (management fees and carried interest) valuation approaches, accounting and reporting processes
  • Experience with Investment Company Accounting (fair market value, GAAP accounting, partnership accounting)
  • Working knowledge of PE accounting ledger and associated hands on Yardi system experience
  • Big 4 or other Public Accounting Experience (preferred)
  • CPA (preferred)
  • MBA, CFA or additional designation a plus
  • Must be proficient in Microsoft Excel (Pivot Table, Sumif, V-Lookup).
Responsibilities
  • Reviews full-cycle accounting of assigned portfolio of fund(s), co-investments, investments including preparation and analysis of the financial statements, general ledgers, subsidiary ledgers, budgets, cash flow projections and review of job cost reports.
  • Prepare and/or review general ledger close, including eliminations, accruals for fund level expenses, approving/processing invoices, and month-end reconciliations.
  • Prepare and/or review fund, co-investment, and investment level financial statements and works with Financial Reporting to assist in the preparation or review of financial statements to meet investor requirements.
  • Review investment level and fund-level lender reporting packages as well as pro-forma covenant calculations, as necessary.
  • Analysis of fund and investment operations; accurately applies distribution allocations to calculate incentive allocations and performance returns applying knowledge of legal agreements and fund structure, including complex co-invest and joint venture structures, and fund and property level debt agreements.
  • Prepare and/or review contribution, distribution calculations, waterfall calculations for funds, co-investments and joint ventures as needed.
  • Assist in Treasury functions including monitoring/repayment of the fund credit facility, liquidity management, cash projections and review of cash transfers.
  • Provide information for and take part in audit, tax preparation.
  • Collaborate cross functionally across various teams whilst supporting middle office, tax, legal reporting and treasury functions for the Funds and entities.
  • Assist with research of technical accounting matters, including the ability to document in memos as necessary.

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 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 focus.
  • CIM's investment in experiential travel properties taps into the hospitality sector's resurgence.

What critics are saying

  • Rising interest rates could increase borrowing costs for CIM Group.
  • Remote work trends may reduce demand for CIM's commercial office spaces.
  • E-commerce growth could decrease demand for CIM's retail investments.

What makes CIM Group unique

  • CIM Group focuses on community-enhancing real estate and infrastructure projects.
  • The company integrates ESG initiatives into its investment and development strategies.
  • CIM Group has a diverse portfolio, including iconic properties like the Dolby Theatre.

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