Fund Accounting Manager

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 position will be responsible for the day-to-day accounting and overall quality of the financial reporting, including audited reports for private fund and related entities. This role will require a combination of both fund accounting experience as well as Yardi Investment Accounting system experience. 

• Manage full-cycle accounting including preparation and analysis of the financial statements, general ledgers, subsidiary ledgers. Prepare and review interim and annual financial reports as required under GAAP, and support audit and tax teams.
• Implement various simple (pro-rata) to complex investor allocation methodologies (examples preferred return calculation, waterfall method) and create and design allocation templates based on needs.
• Assist in Treasury functions including review of facility, covenant compliance, liquidity management and cash projections and review of cash transfers.
• Collaborate with centralized team for Onboarding and maintenance of Yardi entities for Opportunistic Real Estate Funds, including the upkeep of Yardi tables, property lists, chart of accounts, account trees and rollup rules.
• Analysis and management of the company/Fund/partnership rollup commitment structures within Investment Management. Provide data validation, testing and other support that may be required for maintenance, data conversions, upgrades or other projects relating to Yardi system support.
• Analysis/troubleshoot of transactions related to the general ledger close, including eliminations, accruals for fund level expenses, distributions and other transactions within the Investment Accounting system.
• Collaborate cross functionally across various external and internal teams to resolve and support Yardi issues/functionality and accounting needs of the department. Serve as point of contact on Yardi matters for Opportunistic Real Estate vehicles.
• Document and update Yardi system procedures, processes and training manuals as needed to ensure strong internal controls.

• Bachelor’s degree with emphasis in Computer Science, Information Systems, Accounting, Finance or related field,
• 5 years’ previous related Fund Accounting plus Yardi Investment Accounting module is required.
• System conversion, implementation, data migration experience and SQL knowledge a plus.
• 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 and impact to accounting.
• Prior Fund accounting experience including preparation/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 in Yardi platform.
• Working knowledge of PE accounting ledger and associated hands on Yardi system experience.

• Ability to work independently, identify, and proactively troubleshoot issues in Yardi Investment Management to meet deadlines with minimal supervision.
• Effective communication skills, both written and oral, and strong attention to detail.
• Proactive and collaborative team player with strong work ethic.
• Strong financial and system acumen and exceptional problem-solving skills.
• Adapt quickly to changes, work efficiently in a dynamic fast paced work environment.

WHAT CIM OFFERS:

At CIM, we believe our success stems from our collective efforts, and we are committed to providing well-rounded support and resources for our employees. In addition to a competitive compensation plan, CIM offers a comprehensive benefits program for employees to thrive both inside and outside of work. Eligible employees can enjoy a wide range of benefits, including:

•   A variety of Medical, dental, and vision benefit plans

•   Health Savings Account with a generous employer contribution

•   Company paid life and disability insurance

•   401(k) savings plan, with company match

•   Comprehensive paid time off, including: vacation days, 10 designated holidays, sick time, and bereavement leave

•   Up to 16 hours of volunteer time off

•   Up to 16 weeks of Paid Parental Leave

•   Ongoing professional development programs

•   Wellness program, including monthly and quarterly prizes

•   And more!

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. At CIM, base pay is one part of the total compensation package. This role is eligible for bonus pay in addition to base salary. The anticipated base salary range for the position in Los Angeles is $100,000 - $140,000.

HOW WE FEEL ABOUT DIVERSITY AND INCLUSION:

At CIM Group, we believe that the unique perspectives and backgrounds of our employees enhance everything we do. We are committed to fostering an inclusive environment where diversity is not only respected but celebrated. We strive to ensure that our workplace is free from discrimination and harassment, allowing everyone to contribute meaningfully and feel a sense of belonging. As an equal opportunity employer, we strictly prohibit any form of unlawful discrimination and adhere to the laws enforced by the EEOC. Our goal is to provide a safe and supportive environment where all employees can grow and make impactful contributions together.

*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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Salary : $100,000 - $140,000