Controller, Infrastructure Accounting

CIM; Phoenix (AZ); On-site; USD 85,000 - 115,000; Full time

Benefits offered by this job

Medical, dental, and vision benefit plans

401(k) savings plan with company match

Comprehensive paid time off, including holidays and sick time

Ongoing professional development programs

Job summary

CIM is seeking a Controller, Accounting to manage the quality of financial reporting and support investment lifecycle integrity. This role involves reviewing full-cycle accounting, preparing financial statements, and collaborating with cross-functional teams.

The ideal candidate will have a Bachelor's Degree in Accounting or related field, 7-10 years of experience, and strong proficiency in accounting software. The position offers comprehensive benefits and opportunities for professional development.

Qualifications

• 7-10 years of related experience in fund accounting.
• Knowledge of various asset classes including real estate fund structures.
• Strong written and verbal communication skills.

Responsibilities

• Oversee full-cycle accounting for assigned funds and investments.
• Prepare financial statements and analyze cash flow projections.
• Collaborate with Capital Markets team for debt issuances.

Skills

Accounting

Financial Reporting

Microsoft Office

Yardi System

Education

Bachelor's Degree in Accounting, Finance or related field

CPA (preferred)

MBA, CFA or additional designation

Job description

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:

• 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:

• 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.

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.