Controller, Credit Accounting

Cimgroup; Phoenix (AZ); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical, dental, and vision benefits

401(k) savings plan with company match

Comprehensive paid time off

Ongoing professional development programs

Job summary

Cimgroup is seeking a Controller in Accounting located in Phoenix, Arizona. This role is vital for ensuring the quality of accounting and financial reporting, involving close partnership with various teams including portfolio management and internal auditors.

The successful candidate will manage full-cycle accounting, prepare financial statements, and participate in audits and tax preparation. Requirements include a Bachelor's Degree in Accounting or Finance and 7-10 years of relevant experience. Strong skills in Microsoft Excel and familiarity with fund accounting processes are crucial for this position.

Qualifications

• 7-10 years of related experience.
• Prior Fund accounting experience required.
• Working knowledge of PE accounting ledger preferred.

Responsibilities

• Review full-cycle accounting for assigned portfolio.
• Prepare and review financial statements and general ledger.
• Collaborate with cross-functional teams on financial reporting.

Skills

Knowledge of various asset classes

Proficient in Microsoft Office

Strong written and verbal communication

Ability to solve practical problems

Education

Bachelor's Degree in Accounting, Finance or related field

CPA (preferred)

MFA, CFA or additional designation a plus

Tools

Yardi platform

Microsoft Excel

Job description

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.

RESPONIBILITIES:

• 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.
• Accounting for acquisition and disposition of assets and booking of required funding.
• 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.
• 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.

QUALIFICATIONS:

• 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).
• 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.

BENEFITS:

• 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!

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.