Senior Manager, Real Estate & Construction
LimeSalary not specified
Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Real Estate, InfrastructureIndustries
Requirements
- Bachelor's Degree in Accounting or related field
- CPA or equivalent qualification
- 15 years of experience in Fund Accounting for Real Estate assets and associated structures and vehicles
- Technical accounting experience with ASC 970 Real Estate, ASC 360 PP&E, ASC 946 Investment Companies, ASC 820 Fair Value, and ASC 842 Lease Accounting
Responsibilities
- Overall responsibility for financial reporting for Real Estate investment structures
- Oversight of the global accounting model for Real Estate investments including policy and processes governing the asset class
- Accounting for complex transactions on new deals, re-structures, and dispositions including involvement in structuring of new investment vehicles
- Accountable for ensuring appropriate set-up of investment structures in Yardi Investment Accounting system in line with the global booking models
- Responsible for timely and accurate month end close process across accrual books, consolidation, GAAP adjustments, and performance reporting
- Oversight of accounting for the waterfall, incentive fee calculations, and management fees through the investment structure
- Coordinate with the valuations team regarding the quarterly and annual asset level appraisals and fair value adjustments
- Oversight of appropriate financial control environment including coordinating with internal audit to ensure SOX compliance
- Work with Fund Accounting and Portfolio Oversight in answering queries in relation to investment level returns
- Oversight of investment level performance reporting to Portfolio Oversight teams and Investors, including driving industry leading reporting across GIPS, ILPA, and NCREIF standards
- Support Portfolio Oversight, Treasury, and Fund Accounting teams in cash management of fund structures and 3rd party lender reporting
- Responsible for investment level operating activities including deal funding, investor funding, all cash activities, line of credit, reconciliations, and regulatory reporting
- In conjunction with Fund Accounting teams, coordinate with independent auditors, fund administrators, and accounting staff at JV partners
- People Management of the Controllers, Managers, and Senior Accountants working on the Investment Accounting team
- Development of new processes to support growth in volume and complexity of assets and roll out of new technology and system implementations
- Collaborate with multiple internal teams including Tax, Valuations, Portfolio Oversight, Investor Client Services, IT, and Treasury
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the reporting structure for the Vice President of Real Estate Investment Accounting?
The Vice President will report to the 1st Vice President of Accounting and will work closely with the Fund Accounting and Portfolio Oversight teams.
Is this a remote position or does it require office work?
This information is not specified in the job description.
What are the key responsibilities of this role?
The role involves oversight of financial reporting for Real Estate investment structures, management of accounting for complex transactions and new deals, ensuring proper setup in the Yardi system, month-end close processes, waterfall and fee calculations, coordination with valuations, SOX compliance, performance reporting to GIPS/ILPA/NCREIF standards, and supporting cash management.
What is the company culture like at CIM Group?
CIM Group is a community-focused real estate and infrastructure firm with a diverse team of 1,000+ employees working together to identify and create value in real assets, benefiting the communities in which they invest, with an unwavering focus on enhancing communities.
What experience or skills make a strong candidate for this position?
Strong candidates will have expertise in real estate investment accounting, oversight of global accounting models, handling complex transactions, proficiency with Yardi systems, knowledge of GAAP, SOX compliance, performance reporting standards like GIPS/ILPA/NCREIF, and experience in treasury and cash management for investment structures.
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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