Financial Analyst
EarnestSalary not specified
Full Time
Junior (1 to 2 years)
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Real EstateIndustries
Requirements
- Bachelor’s degree in accounting or related field
- 3+ years of previous GAAP accounting experience (preferably in Real Estate/Private Equity)
- Big 4 or other public accounting experience (preferred)
- CPA (preferred)
- Demonstrated knowledge and application of GAAP accounting
- Ability to independently organize and manage multiple tasks in a detailed and deadline-oriented environment with minimal supervision
- Analytical and critical thinking skills
- Strong written and verbal communication skills
- Time management
- Proficient in Microsoft Office, especially Excel and Word
- Experience in Yardi, MRI, J. D. Edwards or comparable software
Responsibilities
- Utilize specialized training and experience with GAAP methodology to engage in general GAAP accounting for assigned fund/asset(s), prepare daily accounting of assigned books, and ensure consistency, accuracy and timeliness of reviews (requires in-depth knowledge of accrual accounting and build out of amortization schedules based on expense)
- Develop a systematic approach to financial data for quality in analysis and reporting
- For open ended funds, engage in ongoing analysis of investor templates and determine where to mine data to support Financial Reporting with financial statement & footnote schedules, operational metrics, due diligence questionnaires (DDQs), and investor reporting
- Fulfill timely ad hoc internal requests and prepare financial reports, analyses, and related tasks as assigned using standard GAAP accounting practices
- Create, reconcile, and validate entries to balance sheet and income statement accounts to close books either monthly or quarterly, address variances with appropriate resolution
- Prepare lender covenant reporting for assigned fund investments
- Maintain bank accounts, monitor cash balances, record cash activity, and prepare bank reconciliations
- Prepare wire requests related to financing, acquisitions, funding reserves and payment of expenses
- Prepare or assist in management fee calculations based on understanding of fund tier levels and diversity of templates
- Assist with fund level contribution, distribution and redemption calculations, as well as summaries and notices
- Assist with real estate investment & debt schedules for valuations, prepare fair value entries and supporting cost & debt roll forwards
- Prepare schedules and support for audits, tax preparation and valuations
Skills
GAAP
Accrual Accounting
Amortization Schedules
Financial Reporting
Investor Reporting
Financial Analysis
Fund Accounting
Cash Reconciliation
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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