Asset Controller
Phoenix, AZ
Fund & Asset Finance – Accounting - Fund - Private /
Full Time /
Hybrid
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 Controller, Asset Accounting (Private) is responsible for the overall quality and technical accuracy of the accounting information supporting the financial reporting preparation of management and external reporting for all infrastructure assets.
RESPONSIBILITIES:
- Reviews full-cycle accounting of assigned portfolio of assets including preparation and/or review of the financial statements, general ledgers, subsidiary ledgers, budgets, cash flow projections and review of job cost reports.
- Manages offshore full-time employee(s) and related standard operating procedures for month-end close and reporting activities, including limited tenant ledger activity.
- Manages relationship with third-party accountants and operating partners to interpret and map financials results from their general ledger to CIM’s general ledger.
- Prepares and/or reviews equity accounting schedules for partner capital account balances.
- Prepares and/or reviews intercompany tracking and analyses.
- Prepares and/or reviews consolidation analyses.
- Interprets legal documents, determine accounting treatment, and summarize conclusions in a clear and concise manner.
- Researches technical accounting areas and document conclusions for accounting issues in a clear and concise manner.
- Reviews debt agreements and manages financial deliverables to lenders.
- Prepares, reviews and presents internal financial reporting and analysis. Works with FP&A and asset management departments to assist with budget to actual reconciliation and variance analysis.
- Leads and implements various process improvement and technology initiatives and documents standard operating procedures.
- Coordinates with Fund Accounting teams with respect to fulfilling ongoing and ad hoc requests from investors for financial information for portfolio of assets.
- Prepares and/or review contribution and distribution calculations, summaries and notices as needed for funds, co-investments and joint ventures.
- Provides information for and take part in Q&A for audits and tax preparation.
- Supports organizational restructurings, mergers, and acquisitions by providing financial information for due diligence requests and assists with accounting treatment analysis.
EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)
- Bachelor's Degree in Accounting.
- 6-8 years previous accounting experience.
- Big 4 or other public accounting experience is a plus.
- Proven ability to manage full-cycle accounting close, preferably in a multi-entity organizational structure.
- Real estate, private equity, and/or alternative investments experience, particularly fair value fund, joint venture, and tax-equity partnership accounting experience is a plus.
- Proven ability to coordinate with external parties (accounting firms, shared service centers, and outsourced teams) with clear and concise written and verbal communications.
- CPA is preferred.
- Proficient in Microsoft Office, especially Excel and Word.
- Extensive knowledge of GAAP accounting.
- Experience in project or engagements management.
- Experience in Yardi, MRI, J. D. Edwards or comparable software.
ABOUT YOU:
- Ability to organize, perform and prioritize various functions to meet deadlines with minimal supervision.
- Effective communication skills, both written and oral, and strong attention to detail.
- Strong interpersonal skills and the ability to communicate well verbally and in writing.
- Strong analytical skills and detail-oriented.
- Ability to make sound decisions.
- Deadline driven and ability to manage multiple tasks.
- Ability to work independently and to proactively evaluate and address work opportunities within the area of responsibility.
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.
CIM is committed to maintaining the confidentiality and privacy of your personal and financial information. Please click here for our Privacy Policy.
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