Accountant

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 900+ 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 of Senior Accountant is responsible for applying CIM accounting policies and GAAP methodology to the day-to-day accounting of assigned processes. This role supports the Controller and Senior Manager with full cycle close, recurring and ad hoc deliverables, develops a solid understanding of company investment structures, monitors and reconciles cash activity, and prepares financial reports and operational metrics. The role requires strong independent judgment and discretion and operates with limited supervision.

RESPONSIBILITIES:

Monthly reporting and analysis- Review asset level reporting prepared by asset level accountants.

• Responsible for accounting for investments, including preparing investment level financial statements and preparing GAAP adjustments as required by ASC 970 Real Estate Accounting and ASC 820 Fair Value Accounting. 
• Accounting for investment level debt, property taxes, insurance payables and other non-operating accruals.
• Assist with real estate investment & debt schedules for valuations, prepare fair value entries and supporting cost & debt roll forwards.
• Calculation and accounting for property and development management fees and where required fund management fees based on fund tier levels.
• Preparation of balance sheet reconciliations and analytic reviews of investment level performance.
• Completion of quarter end and month end checklist.
• Assist in the preparation of accounting analyses and documentation for complex or non-routine transactions associated with real estate costs and development projects.
• Prepare schedules and support for audits, tax preparation and valuations. New Fund and transaction support- Accounting for acquisition and disposition of assets and booking of required funding.
• Assist in set-up of accounting structures. Cash and liquidity management- Monitor cash balances and liquidity needs in the investment structures, approving settlement of invoices and working with Managers on capital draws and distributions.