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 Associate Accountant is responsible for the full-cycle and job cost accounting for assigned development/construction projects. This Role would offer support to the Development/Construction and other Departments with month-end close, Balance Sheet Reconciliation, and Capital Project Accounting.
Responsibilities:
- Perform full cycle job-cost accounting for all development/construction projects
- Manage project costs through budget tracking, invoicing, reconciliation, and cash management
- Perform month-end processes, including job cost accruals, journal entries, place in service, and general ledger reconciliations
- Prepare and source monthly accruals and job status updates from the project teams by leading monthly calls and training others on the capitalization policy
- Complete month-end checklists as is it relates to projects
- Have a strong understanding of GC Pay Applications (G702/703) to process invoices in P2P/Yardi
- Track payments and lien releases against contracts/budgets and communicate with project managers and contractors to resolve any payment issues or missing documentations
- Assemble, submit, and reconcile Construction Loan Draws and Capital Reserve Requests to lenders for funding
- Be the main point of contact between your assigned projects and other business units within the organization
- Calculate development management fees and analyze month-to-month variances
- Track Temporary Certification of Occupancy and other relevant milestone dates
- Assist with Valuations and Appraisal requests as needed
- Complete special projects as assigned by the Manager
Education/Experience Requirements:
- Job Cost or Property Accounting, GL Accounting experience required
- Bachelor’s degree in Accounting or related field
- Strong understanding of basic accounting principles
Technical Skill Requirements:
- Proficient in Microsoft Office, especially Excel (vlookups, pivot tables, etc)
- Knowledge of construction accounting and general construction processes preferred
- Knows how to book Journal Entries and can read and understand Financials
- Understanding of GAAP Accounting preferred
- Experience with Yardi, Payscan, and Nexus or related accounting and AP software preferred
What CIM offers
CIM offers an enriched benefits program as well as a wide range of resources for eligible employees to thrive both inside and outside of work. Some of our benefits include:
• Medical, dental, and vision
• Company-subsidized Health Savings Account
• Company paid life & disability
• Pre-tax savings accounts
• 401(k) match
• Competitive vacation policy
• Additional voluntary benefits
• Paid time off for community service
• Paid Parental Leave: Up to 12 weeks
Actual base salary considers several factors including but not limited to geography, job-related knowledge, experience, and budget. The start of the salary range is typically associated with the minimum experience required. The role is considered non-exempt so will be eligible for overtime pay in accordance with federal and state law. At CIM, this role has the potential to receive a discretionary bonus in addition to base salary. The anticipated base pay range for the position in Los Angeles is $38.50 - $52.90 per hour.
How We Feel About Diversity and 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.
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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.
