Vice President, Real Estate Accounting

Vice President, Real Estate Accounting

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. 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!

The Vice President of Real Estate Investment Accounting will be responsible for the oversight and management of Investment Accounting for Real Estate investment structures. The Vice President will report to the 1st Vice President of Accounting and will work closely with the Fund Accounting and Portfolio Oversight teams. The role will be responsible for the management of accounting for real estate investment structures and new acquisitions and dispositions and in partnership with Portfolio Oversight help manage capital and cash management and analyze investment returns.

Responsibilities :

• Overall responsibility for financial reporting for Real Estate investment structures.
• Oversight of the global accounting model for Real Estate investments including policy and processes governing the asset class.
• Accounting for complex transactions on new deals, re-structures and dispositions including involvement in structuring of new investment vehicles.
• Accountable for ensuring appropriate set-up of investment structures in Yardi Investment Accounting system in line with the global booking models.
• Responsible for timely and accurate month end close process across accrual books, consolidation, GAAP adjustments and performance reporting.
• Oversight of accounting for the waterfall, incentive fee calculations and management fees through the investment structure.
• Coordinate with the valuations team regarding the quarterly and annual asset level appraisals and fair value adjustments.
• Oversight of appropriate financial control environment including coordinating with internal audit to ensure SOX compliance.
• Work with Fund Accounting and Portfolio Oversight in answering queries in relation to investment level returns.
• Oversight of investment level performance reporting to our Portfolio Oversight teams and Investors, including driving industry leading reporting across GIPS, ILPA and NCREIF standards.
• Support Portfolio Oversight, Treasury and Fund Accounting teams in cash management of fund structures and 3rd party lender reporting.
• Responsible for investment level operating activities including deal funding, investor funding, all cash activities, line of credit, reconciliations, and regulatory reporting.
• In conjunction with Fund Accounting teams coordinate with independent auditors, fund administrators and accounting staff at JV partners.
• People Management of the Controllers, Managers and Senior Accountants working on the Investment Accounting team
• Development of new processes to support growth in volume and complexity of assets and roll out of new technology and system implementations.
• Collaborate with multiple internal teams including Tax, Valuations, Portfolio Oversight, Investor Client Services, IT and Treasury.

Education / Experience Requirements :

About You :

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 benefits plans; Health Savings Account with a generous employer contribution; company paid life & 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!

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.