What are the responsibilities and job description for the Sr. Associate, Fund Operations position at CIM Group, LP?
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 Partner Solutions Group Operations 1031 Specialist is responsible for daily interactions with the Private Wealth distribution team, Fund Accounting as well as the transfer agent. Additionally, they will collaborate with internal CIM departments and the Operations team. The Sr. Associate will lead efforts among teams and vendor platforms, while also being the primary contact for inquires related to product specifics both internally and externally.
\n- Subject matter expert and working knowledge of 1031 DST and 721 UPREIT structures.
- Oversee 1031 investor closing, onboarding workflow, including subscription agreement review for in-good-order status.
- Reconcile reporting, cash management and analytics for 1031 investor closes with transfer agent.
- Manage daily inquiries from internal sales team members, firms, investors, partners, and other internal parties regarding CIM Funds.
- Support transfer agent, internal and external stakeholders with problem resolution including on-boarding, account opening, maintenance requests and reporting.
- Oversee several vendors utilized as part of the investor on-boarding, reporting and communication process, as well as represent CIM in a professional and collaborative manner.
- Interface with internal departments such as, Legal, Compliance, Fund Accounting, Tax, Marketing, IT, and Internal Audit.
- Monitor recurring requests, analyze reports, and maintain proper procedures that preserve privacy, reporting and regulatory requirements.
- Communicating with advisors/investors to remedy not-in-good-order documentation.
- Bachelor’s degree (preferably Finance, Economics, Accounting or Business)
- 4 years relevant experience in the investment management or financial services industry with a focus on investor relations
- Series 7 or Series 99 license preferred, or willing to obtain within 6 months of employment
- Industry knowledge such as Custodian, Clearing, HNW understanding, preferred
- Ability to work autonomously, manage competing priorities and be able to make critical decisions.
- Speak comfortably and confidently with advisors, firms, and investors.
HOW WE FEEL ABOUT DIVERSITY, EQUITY, 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.
