POSITION PURPOSE:

The Controller, Accounting is responsible for the overall quality of the accounting, information supporting the financial reporting, maintenance of individual partners' capital, and investment schedules, performance measurement and preparation of management reports, including cash flow forecasting and other analysis, for their assigned funds and underlying assets.

The position partners closely with portfolio oversight, valuations, tax, treasury, as well as internal and external auditors to ensure the integrity of financial data throughout the investment lifecycle (inclusive of acquisitions and dispositions) and the full reporting cycle. The role also contributes to new investment onboarding, transaction activity, and ongoing liquidity management within complex investment structures.

RESPONSIBILITIES:

• Reviews full-cycle accounting of assigned portfolio of fund(s), co-investments, investments including preparation and analysis of the financial statements, general ledgers, subsidiary ledgers, budgets, cash flow projections and review of job cost reports.
• Prepare and/or review general ledger close, including eliminations, accruals for fund level expenses, approving/processing invoices, and month-end reconciliations.
• Prepare and/or review fund, co-investment, and investment level financial statements and assist in the preparation or review of financial statements to meet investor requirements.

• Review fund-level lender reporting packages as well as pro-forma covenant calculations, as necessary.

• Analysis of fund and investment operations; accurately applies distribution allocations to calculate incentive allocations and performance returns applying knowledge of legal agreements and fund structure, including complex co-invest and joint venture structures as well as debt agreements.
• Prepare and/or review contribution, distribution calculations, waterfall calculations for funds, co-investments and joint ventures, as needed.
• Assist in set-up of accounting structures.

• Assist in Treasury functions including monitoring/repayment of the fund credit facility, liquidity management, cash projections and review of cash transfers.

• Provide information for and take part in audit and tax preparation.
• Provide oversight of third-party service provider supporting select accounting and reporting processes, including review of assigned tasks, budgeted hours and issue resolution.
• Collaborate cross functionally across various teams by supporting middle office, tax, legal financial reporting and treasury functions for the Funds and entities.

• Assist with research on technical accounting matters, including the ability to document in memos as necessary.

EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)

• Bachelor's Degree in Accounting, Finance or related field.
• 7-10 years of related experience.
• Knowledge of various asset classes, including open and closed-end real estate fund structures (subsequent closes, capital calls, distributions), PE fee structures (management fees and carried interest) valuation approaches (NAV), accounting and reporting processes.
• Prior Fund accounting experience including preparation/reviews full-cycle accounting of assigned portfolio of fund(s), co-investments, investments including preparation and analysis of the financial statements, general ledgers, subsidiary ledgers in Yardi platform.
• Working knowledge of PE accounting ledger and associated hands on Yardi system experience.
• Big 4 or other Public Accounting Experience (preferred).
• CPA (preferred).
• MBA, CFA or additional designation a plus.
• Must be proficient in Microsoft Office (i.e. Excel Pivot Tables, Sum-If, V-Lookups etc).

ABOUT YOU:

• Ability to build and implement new workflow and procedures working across multiple stakeholder groups.
• Strong written and verbal communication skills.
• Ability to solve practical problems and continuously identify new ways to improve processes.

WHAT CIM OFFERS:
At CIM, we believe our success stems from our collective efforts, and we are committed to providing well-rounded support and resources for our employees. In addition to a competitive compensation plan, CIM offers a comprehensive benefits program for employees to thrive both inside and outside of work. Eligible employees can enjoy a wide range of benefits, including:

• A variety of Medical, dental, and vision benefit plans
• Health Savings Account with a generous employer contribution
• Company paid life and disability insurance
• 401(k) savings plan, with company match
• Comprehensive paid time off, including: vacation days, 10 designated holidays, sick time, and bereavement leave
• Up to 16 hours of volunteer time off
• Up to 16 weeks of Paid Parental Leave
• Ongoing professional development programs
• Wellness program, including monthly and quarterly prizes
• And more!

Actual base salary considers several factors including but not limited to geography, job-related knowledge, experience, and budget. The start of the salary range is typically associated with the minimum experience required. At CIM, base pay is one part of the total compensation package. This role is eligible for bonus pay in addition to base salary. The anticipated base salary range for the position in Los Angeles, CA is $135,000 - $175,000.