Controller

Property Accounting

Posted on 9/29/2023

INACTIVE

1,001-5,000 employees

Community-focused real estate and infrastructure developer

Company Overview

CIM Group stands out as a community-focused real estate and infrastructure company, with a dedicated in-house team that leverages their broad expertise to identify and create value in real assets. Their commitment to enhancing communities is demonstrated through their projects that deliver jobs, sustainable infrastructure, and comfortable living spaces. The company's core values of integrity, discipline, and respect, coupled with their disciplined approach, ensure maximum value creation for their partners and stakeholders.

Real Estate

Company Stage

N/A

Total Funding

N/A

Founded

1994

Headquarters

Los Angeles, California

Growth & Insights

Headcount

6 month growth

↑ 5%

1 year growth

↑ 9%

2 year growth

↑ 20%

Locations

Phoenix, AZ, USA

Experience Level

Entry

Junior

Mid

Senior

Expert

Desired Skills

Sales

CategoriesNew

Accounting

Sales & Account Management

Requirements

Bachelor's Degree in Accounting, Finance or Related Field
5+ years' previous accounting or finance experience
Big 4 or other Public Accounting Experience (optional)
Fund Administration Experience (preferred)
CPA (preferred)
MBA, CFA or additional designation a plus
Proficient in Microsoft Office, especially Excel and Word
Extensive knowledge of GAAP accounting
Experience in Yardi, MRI, J. D. Edwards or comparable software

Responsibilities

Reviews full-cycle accounting of assigned portfolio of assets; this includes the review of financial statements, general ledgers, subsidiary ledgers, cash flow projections and review of job cost reports
Reviews asset level financial statements, DSCR Calculation to meet lender reporting requirements and works with Financial Reporting to assist in the preparation or review of financial statements to meet investor requirements
Provides support and oversight to annual budgets review for operating assets
Leads the team in onboarding and structuring of newly acquired assets and development of financial reporting responsibilities
As applicable, oversees the offboarding of disposed assets providing due diligence requests, sales pro-ration, record sale entries, calculate cost off and settle all balance sheet items
Reviews contribution and distribution calculations, summaries and notices as needed for funds, co-investments, and joint ventures
Manage year end audits, including review of audit schedules, roll forwards, and working with team to ensure all required support is provided to the auditors
Works with Development and Development Accounting to transfer WIP/Construction assets to Operational assets and provide training to third party managers where applicable
Review CAM and Tax/Insurance reconciliations/estimates/accruals
Asset Level cash management monitor book/bank balances to determine cash availability and cash needs for the individual asset and source funding
Reviews monthly/quarterly updates, revision/changes to debt instruments
Ensures compliance with SOX and SEC reporting requirements where applicable

ABOUT CIM GROUP

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 1,000+ 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 Controller, Property Accounting is responsible for the overall quality of the property accounting information supporting SEC financial reporting requirements, property performance measurement and preparation of management reports for underlying assets of two SEC funds.

RESPONSIBILITIES:

Reviews full-cycle accounting of assigned portfolio of assets; this includes the review of financial statements, general ledgers, subsidiary ledgers, cash flow projections and review of job cost reports
Reviews asset level financial statements, DSCR Calculation to meet lender reporting requirements and works with Financial Reporting to assist in the preparation or review of financial statements to meet investor requirements
Provides support and oversight to annual budgets review for operating assets
Leads the team in onboarding and structuring of newly acquired assets and development of financial reporting responsibilities
As applicable, oversees the offboarding of disposed assets providing due diligence requests, sales pro-ration, record sale entries, calculate cost off and settle all balance sheet items
Reviews contribution and distribution calculations, summaries and notices as needed for funds, co-investments, and joint ventures
Manage year end audits, including review of audit schedules, roll forwards, and working with team to ensure all required support is provided to the auditors
Works with Development and Development Accounting to transfer WIP/Construction assets to Operational assets and provide training to third party managers where applicable
Review CAM and Tax/Insurance reconciliations/estimates/accruals
Asset Level cash management monitor book/bank balances to determine cash availability and cash needs for the individual asset and source funding
Reviews monthly/quarterly updates, revision/changes to debt instruments
Ensures compliance with SOX and SEC reporting requirements where applicable

EDUCATION/EXPERIENCE REQUIREMENTS:

Bachelor’s Degree in Accounting, Finance or Related Field
5+ years’ previous accounting or finance experience
Big 4 or other Public Accounting Experience (optional)
Fund Administration Experience (preferred)
CPA (preferred)
MBA, CFA or additional designation a plus

ABOUT YOU:

Proficient in Microsoft Office, especially Excel and Word
Extensive knowledge of GAAP accounting
Experience in Yardi, MRI, J. D. Edwards or comparable software

HOW WE FEEL ABOUT DIVERSITY & INCLUSION

CIM Group is committed to bringing together humans from different backgrounds and perspectives, providing employees with a safe and welcoming work environment free of discrimination and harassment. We strive to create a diverse & inclusive environment where everyone can thrive, feel a sense of belonging, and do impactful work together. As an equal opportunity employer, we prohibit any unlawful discrimination against a job applicant on the basis of their race, color, religion, gender, gender identity, gender expression, sexual orientation, national origin, family or parental status, disability*, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate. We respect the laws enforced by the EEOC and are dedicated to going above and beyond in fostering diversity across our workplace.

*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group. Please inform our Talent team if you need any assistance completing any forms or to otherwise participate in the application process.

#LI-NP1

CIM does not accept unsolicited resumes from Agencies. Any unsolicited resumes received from Agencies will be considered property of CIM and no fees will be due or paid. If you wish to become an approved Agency with CIM or any of its Affiliates, please contact a member of the CIM Talent Acquisition Team.