Manager, Accounting

About the role

The Manager, Accounting is responsible for delivering accurate, timely, and GAAP compliant financial reporting for real estate and related investments across multiple asset and fund structures. This role oversees monthly and quarterly accounting, consolidations, fair value measurement, and analytical review to support portfolio performance insights and decision making.

Responsibilities

• Monthly Reporting and Analysis
  • Review balance sheet reconciliations
  • Accounting for investments, including preparing investment level financial statements (where applicable), by consolidating property trial balances and preparing GAAP adjustments as required by ASC 970 Real Estate Accounting and ASC 820 Fair Value Accounting
  • Accounting for investment level debt, property taxes, insurance payables and other non-operating accruals
  • Aid in real estate investment and debt schedules for valuations, prepare fair value entries and supporting cost & debt roll forwards
  • Calculation and accounting for property and development management fees and where required fund management fees
  • Review of balance sheet reconciliations and analytical reviews of investment level performance
  • Completion and review of quarter end and month end checklist tasks
  • Prepare schedules and support for audits, tax preparation and valuations
  • Review of quarterly and annual financial reporting, including consolidated financial reporting as required under GAAP
  • Review of asset and fund level returns and help prepare analytical review of variances
• Transaction Support
  • Accounting for acquisition and disposition of assets and booking of required funding
  • Aid in set up of accounting structures
• Cash and Liquidity Management
  • Maintain cash balances and liquidity needs in the investment structures, approving settlement of invoices and working with team on capital draws and distribution
  • Approval of non-operating accruals and accounts payable
  • Preparation and/or review of lender reporting for third party debt that might be in place and supporting management, and other teams in calculation of loan level covenants

Requirements

• Bachelor’s degree with emphasis in Accounting, Finance or related field
• 5+ years’ previous related Fund Accounting plus Yardi Investment Accounting module is preferred
• 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 and impact to accounting
• 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

Qualifications

• Ability to work independently, identify, and proactively troubleshoot issues in Yardi Investment Management to meet deadlines with minimal supervision
• Effective communication skills, both written and oral, and strong attention to detail
• Proactive and collaborative team player with strong work ethic
• Strong financial and system acumen and exceptional problem-solving skills
• Adapt quickly to changes, work efficiently in a dynamic fast-paced work environment

Benefits

At CIM, we offer 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 $120,000 - $140,000.