Let’s get started
By clicking ‘Next’, I agree to the Terms of Service
and Privacy Policy
Jobs / Job page
Fund Accounting Director image - Rise Careers
Job details

Fund Accounting Director

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 1,000+ 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 Fund Director is responsible for the overall quality of the accounting and financial reporting of their Fund and the individual infrastructure assets and investments within that Fund, including oversight of the Fund accounting team.  The Director will assist their staff as needed with respect to technical issues, problem solving and training.


RESPONSIBILITIES:
  • Review and assist as necessary with the preparation of monthly, quarterly and annual financial statements for the Fund and individual infrastructure assets within the fund for external users, including banks, existing investors and potential investors.
  • Preparation, review and presentation of internal financial reporting and analysis, including quarterly asset management meetings.
  • Responsible for technical accounting compliance, including consultation with external auditors on complex accounting and tax issues as necessary.
  • Review and understanding of Fund and asset level agreements, including the Fund LP agreement and Fund and asset level debt agreements.
  • Assist with the preparation and review of loan documentation for Fund and asset level financing and refinancing.
  • Coordinate with Portfolio Oversight with respect to fulfilling ongoing and ad hoc requests from investors for financial information.
  • Coordinate financial reporting and accounting with multiple joint venture partners with varying levels of expertise.
  • Oversee cash balances and management of sources and uses at the fund levels.
  • Liaise with Portfolio Oversight and Legal.
  • Review of and input to annual asset level budgets and forecasts.
  • Set up and maintenance of accounting records and procedures for asset acquisitions.  Includes complex legal and joint venture structures.
  • Coordinate and interact with the Investments team with respect to accounting and reporting issues for new and ongoing investments.
  • Coordinate with the valuations team regarding the quarterly and annual asset level appraisals and fair value adjustments.
  • Oversee the annual audit of the Fund financial statements with the external auditor, including audit testing and review and preparation of the annual audited financial statements.
  • Direct interaction with investors.  Although most communication will be through Portfolio Oversight, direct communication with investors may be required.
  • Update and presentation of the Fund and investment level IRR model, at a minimum on a quarterly basis.
  • Oversight and training of the Controllers, Managers, Senior Accountants and Accountants working on the Fund team.  Includes understanding of financial statements, general ledgers, subsidiary ledgers, budgets, cash flow projections and review of job cost reports.
  • Review contribution and distribution calculations, summaries and notices as needed.
  • Interact and coordinate with Information Technology staff regarding new software, systems, applications and systems deliverables.


EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)
  • Bachelor's degree in Accounting or Related Field.
  • 8+ years’ previous accounting experience with a mix of public and private accounting.
  • Real estate/private equity experience required.
  • Renewable energy, data center and other infrastructure experience preferred.
  • CPA preferred
  • Proficient in Microsoft Office, including Word and advanced proficiency in Excel.
  • Extensive knowledge of GAAP accounting principles.
  • Experience in Yardi, MRI, J. D. Edwards or comparable software.


ABOUT YOU:
  • Ability to read, analyze and interpret complex agreements.
  • Demonstrated ability to form effective business relationships with clients, peers, customers and other key contacts, ability to communicate effectively both verbally and in writing.
  • Ability to make effective and persuasive presentations on complex topics to top management, investor groups and other CIM departments


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.


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.



#LI-NP1

Average salary estimate

$135000 / YEARLY (est.)
min
max
$120000K
$150000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Fund Accounting Director, CIM Group, LP

Are you ready to take on a pivotal role as a Fund Accounting Director with CIM Group in sunny Phoenix, AZ? At CIM, we're dedicated to enhancing communities through our diverse real estate and infrastructure projects. As our Fund Accounting Director, you'll oversee the accounting and financial reporting for various funds and assets, ensuring everything runs smoothly and accurately. You'll lead a talented team while providing guidance on technical issues and training. By preparing comprehensive financial statements and conducting internal reporting, you'll play a crucial role in enabling our investments to thrive. You'll also liaise with external auditors on complex accounting matters, coordinate financial reporting across various projects, and directly interact with investors. Your analytical skills will be put to good use as you review budgets, cash flows, and quarterly appraisals. If you have a robust background in accounting, especially within real estate or private equity, and a knack for managing multiple priorities with ease, we want you on our team! At CIM Group, we foster an environment where diversity is celebrated and every contribution is meaningful. Join us on our mission to create lasting value in communities across the Americas!

Frequently Asked Questions (FAQs) for Fund Accounting Director Role at CIM Group, LP
What are the main responsibilities of a Fund Accounting Director at CIM Group?

The Fund Accounting Director at CIM Group is primarily tasked with overseeing the accounting and financial reporting of funds and individual infrastructure assets. This includes preparing financial statements, ensuring technical compliance with GAAP, and liaising with external auditors on complex issues. Additionally, the director coordinates with various teams, manages cash balances, and supports staff development, all of which are key to maintaining the robust financial health of the organization.

Join Rise to see the full answer
What qualifications are required for the Fund Accounting Director position at CIM Group?

To be considered for the Fund Accounting Director role at CIM Group, candidates should possess a Bachelor's degree in Accounting or a related field. With at least 8 years of relevant accounting experience, a mix of public and private accounting is ideal. Candidates should also have real estate or private equity experience, and a CPA designation is preferred. Proficiency in financial software like Yardi or MRI, along with extensive knowledge of GAAP principles, is essential for success in this position.

Join Rise to see the full answer
How does CIM Group support professional development for Fund Accounting Directors?

CIM Group highly values the growth of its employees and provides ongoing professional development programs tailored for roles like the Fund Accounting Director. These programs are designed to enhance skillsets and knowledge, ensuring team members stay current with industry practices. By investing in their team's education and development, CIM Group helps its employees reach their full potential.

Join Rise to see the full answer
What role does the Fund Accounting Director play in investor communication at CIM Group?

Investor communication is a key aspect of the Fund Accounting Director's role at CIM Group. While much of this communication is channeled through Portfolio Oversight, the director is responsible for providing direct updates to investors as needed. This involves presenting financial information and updates on fund performance, ensuring transparency and promoting trust among stakeholders.

Join Rise to see the full answer
What benefits can a Fund Accounting Director expect at CIM Group?

CIM Group offers a comprehensive benefits package for its Fund Accounting Directors, including medical, dental, and vision plans, as well as a generous 401(k) savings plan with company match. Employees also enjoy substantial paid time off, including vacation days and parental leave, alongside wellness programs and ongoing professional development opportunities, making CIM an attractive employer for accounting professionals.

Join Rise to see the full answer
Common Interview Questions for Fund Accounting Director
Can you explain your experience with fund accounting and how it relates to real estate?

In responding to this question, highlight your specific experiences in fund accounting, particularly within real estate. Discuss any relevant regulations you've navigated and the types of financial reports you've prepared, emphasizing your understanding of GAAP principles and how they apply to fund management.

Join Rise to see the full answer
How do you manage tight deadlines while ensuring accuracy in financial reporting?

Outline your strategies for prioritizing tasks and managing time effectively. Provide examples of tools or processes you use to maintain accuracy under pressure, such as checklists or software that assist in tracking deadlines, ensuring that all reports are both timely and accurate.

Join Rise to see the full answer
Describe a challenging accounting issue you've encountered and how you resolved it.

Share a specific example where you faced a significant challenge, such as a discrepancy in financial statements. Describe the steps you took to investigate the issue, any collaboration with team members or other departments, and how the situation was ultimately resolved. Showcase your analytical thinking and problem-solving skills.

Join Rise to see the full answer
What is your approach to training junior accountants on complex accounting principles?

Discuss your training philosophy, emphasizing your commitment to mentorship and clear communication. Provide examples of how you've previously structured training sessions or resources you've developed to help junior accountants understand complex topics, such as GAAP compliance or tax-related issues.

Join Rise to see the full answer
How do you ensure compliance with accounting regulations when handling investor funds?

Illustrate your process for staying informed about current regulations and ensuring compliance. Mention any relevant systems you employ for tracking compliance, your experience with audits, and how you communicate compliance protocols to your team.

Join Rise to see the full answer
Can you discuss your experience with financial forecasting and budgeting?

Help the interviewer understand your level of expertise by discussing your experience in creating financial forecasts and budgets. Mention the forecasting techniques you've used and how you collaborated with other departments within your previous organizations to gain insights that inform your budgeting process.

Join Rise to see the full answer
What role does technology play in your accounting practices?

Describe how you've utilized technology, such as accounting software or data analytics tools, to enhance accuracy and efficiency in your work. Emphasizing your adaptability, mention any specific software you're familiar with, like Yardi or MRI, and how these tools have improved your workflows.

Join Rise to see the full answer
How do you approach communication with stakeholders and investors?

Talk about the importance of transparency and clarity in your communication with stakeholders. Share how you prepare for meetings with investors, ensuring to present complex financial data in an understandable manner, and your experience with tailoring your communication style to different audiences.

Join Rise to see the full answer
Why are you interested in the Fund Accounting Director position at CIM Group?

Express your genuine interest in CIM Group's mission and values. Discuss how this position aligns with your career goals, specifically your passion for community development and your expertise in fund accounting within real estate and infrastructure.

Join Rise to see the full answer
Describe your leadership style when managing an accounting team.

Outline your leadership style, focusing on collaboration, clear communication, and empowering team members. Share examples of how you've fostered a positive team environment, supported professional growth, and encouraged team input in decision-making processes.

Join Rise to see the full answer
Similar Jobs
Photo of the Rise User
Posted 12 days ago
Photo of the Rise User
Revv Remote No location specified
Posted 23 hours ago
Jobot Remote Colorado Springs, CO
Posted 14 days ago
Photo of the Rise User
ServiceNow Hybrid 1800 Wazee St 3rd Floor, Denver, COLORADO, United States
Posted 13 days ago
Inclusive & Diverse
Mission Driven
Rise from Within
Diversity of Opinions
Work/Life Harmony
Empathetic
Feedback Forward
Take Risks
Collaboration over Competition
Medical Insurance
Dental Insurance
Vision Insurance
Mental Health Resources
Life insurance
Disability Insurance
Health Savings Account (HSA)
Flexible Spending Account (FSA)
Conferences Stipend
Paid Time-Off
Maternity Leave
Equity
Photo of the Rise User
Boyd Gaming Hybrid 850 Bayview Ave, Biloxi, MS 39530, USA
Posted 17 hours ago
Photo of the Rise User
GCM Grosvenor Hybrid Chicago, Illinois, United States
Posted 12 days ago
Photo of the Rise User
Sonic Automotive Hybrid 1125 Kettering Dr, Ontario, CA 91761, USA
Posted 9 days ago
Far Out Scout Remote No location specified
Posted 20 hours ago

CIM Group is a premier real estate fund manager that makes private equity and/or debt investments in urban communities throughout North America, utilizing its full array of investment and operational expertise to maximize returns while mitigating ...

36 jobs
MATCH
Calculating your matching score...
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
INDUSTRY
TEAM SIZE
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
January 4, 2025

Subscribe to Rise newsletter

Risa star 🔮 Hi, I'm Risa! Your AI
Career Copilot
Want to see a list of jobs tailored to
you, just ask me below!