Manager, Private Equity and Hedge Fund Accounting (REMOTE)
SEISalary not specified
Full Time
Junior (1 to 2 years)
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Real Estate, InfrastructureIndustries
Requirements
- Bachelor's degree in Accounting or Related Field
- CPA
- 8+ years’ previous accounting experience with a mix of public and private accounting
- Real estate/private equity/private credit experience required
- Extensive knowledge of GAAP accounting principles
- Experience in Yardi Investment Accounting module or comparable software
- Proficient in Microsoft Office, including Word and advanced proficiency in Excel
- Ability to read, analyze and interpret complex agreements
- Demonstrated ability to form effective business relationships with clients, peers, customers and other key contacts, ability to communicate effectively both verbally and in writing
- Ability to make effective and persuasive presentations on complex topics to top management, investor groups and other CIM departments
Responsibilities
- Responsible for technical accounting compliance, including consultation with external auditors on complex accounting and tax issues as necessary
- Review and understanding of Fund and asset level agreements, including the Fund LP agreement and Fund and asset level debt agreements
- Assist with the preparation and review of loan documentation for Fund and asset level financing and refinancing
- Coordinate with Portfolio Oversight with respect to fulfilling ongoing and ad hoc requests from investors for financial information
- Coordinate financial reporting and accounting with multiple joint venture/3rd party accounting partners with varying levels of expertise
- Assist with streamlining of process across various funds
- Liaise with Portfolio Oversight and Legal
- Review of and input to annual asset level budgets and forecasts
- Prepare schedules and support for audits, tax preparation and valuations
- Set up and maintenance of accounting records and procedures for asset acquisitions. Includes complex legal and joint venture structures
- Coordinate and interact with the Investments team with respect to accounting and reporting issues for new and ongoing investments
- Coordinate with the valuations team regarding the quarterly and annual asset level appraisals and fair value adjustments
- Update and presentation of the Fund and investment level IRR model, at a minimum on a quarterly basis
- Oversight and training of the Controllers, Managers, Senior Accountants and Accountants working on the Investment Accounting team. Includes understanding of financial statements, general ledgers, subsidiary ledgers, budgets, cash flow projections and review of job cost reports
- Review contribution and distribution calculations, summaries and notices as needed
Skills
Technical Accounting
Financial Reporting
Investment Accounting
Audit Preparation
Tax Compliance
Fund LP Agreements
Debt Agreements
Loan Documentation
Investor Reporting
Joint Venture Accounting
Budgeting
Forecasting
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
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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