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Controller, Infrastructure Accounting

ABOUT CIM GROUP:

CIM is a community-focused real estate and infrastructure owner, operator, lender, and developer. Our team of experts works together to identify and create value in real assets, benefiting the communities in which we invest. Back in 1994, our three founders focused on projects in Southern California neighborhoods. Today, we are a diverse team of 900+ employees with projects across the Americas. Our projects have delivered jobs; created comfortable places to live, work, and relax; and provided necessary and sustainable infrastructure. Our focus on enhancing communities is unwavering, and we strive to make an even greater impact in the years to come. Join us and make an impact today!

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 management, valuations, tax, treasury, as well as internal and external auditors to ensure the integrity of financial data throughout the investment lifecycle—from acquisition through disposition. 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 key liaison with Financial Reporting to assist in the preparation or review of financial statements to meet investor requirements.

Review investment-level and 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 fund and property level debt agreements.
Prepare and/or review contribution, distribution calculations, waterfall calculations for funds, co-investments and joint ventures, as needed.
Prepare and/or review purchase price accounting for acquisitions including overseeing the system set up of multi-entity vertically integrated investments.
Prepare and/or review gain/loss calculations on dispositions including overseeing offboarding plan and any necessary prorations/purchase price true ups.
Provide support to Capital Markets team for debt issuances and ensure close to reporting processes can support any new reporting or collateral management requirements.

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.
Collaborate cross functionally across various teams whilst 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 - $185,000.

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HOW WE FEEL ABOUT DIVERSITY AND INCLUSION:

At CIM Group, we believe that the unique perspectives and backgrounds of our employees enhance everything we do. We are committed to fostering an inclusive environment where diversity is not only respected but celebrated. We strive to ensure that our workplace is free from discrimination and harassment, allowing everyone to contribute meaningfully and feel a sense of belonging. As an equal opportunity employer, we strictly prohibit any form of unlawful discrimination and adhere to the laws enforced by the EEOC. Our goal is to provide a safe and supportive environment where all employees can grow and make impactful contributions together.

*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group. Please inform our Talent team if you need any assistance completing any forms or to otherwise participate in the application process.

CIM is committed to maintaining the confidentiality and privacy of your personal and financial information. Please click here for our Privacy Policy.

CIM does not accept unsolicited resumes from Agencies. Any unsolicited resumes received from Agencies will be considered property of CIM and no fees will be due or paid. If you wish to become an approved Agency with CIM or any of its Affiliates, please contact a member of the CIM Talent Acquisition Team.

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Controller, Infrastructure Accounting in Los Angeles, California at CIM Group

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