CIM Group

Manager, Investment Accounting

Phoenix, Arizona, United States

Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Real Estate, Financial ServicesIndustries

Requirements

Candidates should possess a Bachelor’s degree in Accounting, Finance, or a related field, and have at least 7 years of experience in investment accounting, with a strong understanding of GAAP and ASC 970 and 820. Demonstrated experience with real estate accounting and financial statement preparation is essential, along with proficiency in consolidation processes and balance sheet reconciliations.

Responsibilities

The Manager, Investment Accounting will oversee and analyze asset-level accounting results, finalize monthly investment accounts according to GAAP, and conduct balance sheet reconciliations. They will be responsible for preparing investment-level financial statements, accounting for investments and debt, assisting with valuations, calculating fees, and reviewing financial reporting. Additionally, the role involves monitoring cash management, managing third-party lender reporting, and supporting audits, tax preparation, and acquisitions/dispositions, as well as setting up accounting structures.

Skills

GAAP
ASC 970
ASC 820
Fair Value Accounting
Balance Sheet Reconciliations
Financial Reporting
Investment Accounting
Debt Accounting
Property Accounting
Auditing
Tax Support
Cash Management
Reporting
Compliance

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.

Key Metrics

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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