Director, FINOP Accounting at CIM Group

Phoenix, Arizona, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Real Estate, Infrastructure, Financial ServicesIndustries

Requirements

Bachelor’s degree in accounting or related field
CPA designation strongly preferred
10+ years overall experience; experience in private equity/real estate industry or public accounting preferred
Strong understanding of US GAAP
Active FINRA Series 27 or 28 license is required
Highly proficient in Microsoft Office – intermediate to advanced knowledge of MS Excel
Experience in Yardi, MRI, J. D. Edwards or comparable software
Ability to organize, perform and prioritize various functions to meet deadlines with minimal supervision

Responsibilities

Lead and manage the corporate accounting function, including general ledger, month-end close, consolidation, and financial reporting
Ensure accurate and timely preparation of financial statements in accordance with U.S. GAAP
Develop, implement, and maintain robust accounting policies, procedures, and internal controls
Oversee the annual audits and coordinate with external auditors
Provide technical accounting guidance on complex transactions and new accounting standards
Collaborate with cross-functional teams on financial initiatives, reporting, and performance metrics
Oversee accounting systems and drive continuous improvements in automation, process efficiency, and scalability
Maintain an active Series 27 or Series 28 license
Monitor and ensure compliance with the Net Capital Rule (SEC Rule 15c3-1), the Customer Protection Rule (SEC Rule 15c3-3), and other applicable broker-dealer regulations
Act as liaison with FINRA, SEC, and other regulatory authorities on financial operations matters
Monitor the firm’s financial condition daily to ensure capital adequacy and liquidity requirements are met
Participate in internal and regulatory examinations, audits, and inquiries, ensuring timely and accurate responses
Oversee joint venture accounting and consolidation activities, including elimination entries, ensuring compliance with U.S. GAAP and internal reporting standards
Manage international compliance reporting, ensuring timely and accurate filings in accordance with local statutory requirements and coordination with international accounting team and/or third-party service providers
Identify opportunities to improve efficiency and accuracy through process enhancements and system automation; lead and support initiatives to streamline accounting operations
Prepare ad-hoc requests and analysis as needed
Review work performed by accountants, senior associates, managers
Oversight of third-party service providers

Skills

Key technologies and capabilities for this role

U.S. GAAPGeneral LedgerMonth-End CloseFinancial ReportingInternal ControlsAnnual AuditsTechnical AccountingAccounting SystemsAutomationFINRA ComplianceSEC RegulationsSeries 27Series 28

Questions & Answers

Common questions about this position

What are the main responsibilities of the Director, FINOP Accounting role?

The role involves leading the corporate accounting function including general ledger, month-end close, and financial reporting; ensuring compliance with FINRA and SEC regulations like the Net Capital Rule; maintaining a Series 27 or 28 license; and overseeing joint venture accounting and international compliance reporting.

What licenses are required for this position?

Candidates must maintain an active Series 27 or Series 28 license.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What does CIM Group's company culture emphasize?

CIM Group is a community-focused real estate and infrastructure firm with a diverse team of 1,000+ employees, emphasizing value creation in real assets, community enhancement, and collaborative teamwork across projects in the Americas.

CIM Group

Real estate and infrastructure development and management

About CIM Group

CIM Group focuses on real estate and infrastructure, operating as an owner, operator, lender, and developer. The company targets urban areas with significant growth potential, acquiring, developing, and managing properties while also providing loans for real estate projects. Revenue is generated through property rentals, sales, and lending activities. CIM serves a variety of clients, including investors, businesses, and community organizations, and has worked on notable projects like the Dolby Theatre in Hollywood and the Tribune Tower in Chicago. What sets CIM apart from competitors is its strong commitment to community engagement, demonstrated through initiatives such as preparing meals for those with chronic illnesses and creating community gardens. The goal of CIM Group is to be the leading partner for investors and users of real assets that benefit communities.

Los Angeles, CaliforniaHeadquarters

1994Year Founded

$559.3MTotal Funding

DEBT_FINANCINGCompany Stage

Government & Public Sector, Real EstateIndustries

1,001-5,000Employees

Director, FINOP Accounting at CIM Group

Requirements

Responsibilities

Skills

Questions & Answers

CIM Group

About CIM Group

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Bereavement Leave

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Paid Parental Leave

Professional Development Budget

Wellness Program

Volunteer Time Off

Risks

Rising interest rates could impact CIM's real estate financing costs.

Remote work trends may reduce demand for CIM's commercial office spaces.

Stricter environmental regulations could increase compliance costs for CIM.

Differentiation

CIM Group focuses on community impact through real estate and infrastructure projects.

The company integrates ESG initiatives into its investment and development strategies.

CIM's diverse expertise spans from due diligence to asset disposition.

Upsides

CIM benefits from increased demand for mixed-use developments in urban areas.

The trend towards sustainable building practices aligns with CIM's ESG focus.

CIM's integration of smart technology attracts tenants and buyers.

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