Manager, Onboarding/Offboarding
Phoenix, AZ
Fund & Asset Finance – Accounting - Onboarding /
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:
Facilitate all onboarding and offboarding tasks and processes associated with investment acquisition, asset management transition, investment restructure, and investment dispositions as well as fund and investor accounting onboarding. Manage the investment structure, accounting set up and related data tagging used in the financial operations of all investments and fund reporting. The incumbent will work closely with Portfolio Oversight, Investments, Property Management, Legal, Accounting, FP&A, Development and IT departments to ensure all necessary set up is complete with all key business systems.
RESPONSIBILITES:
- Coordinate and manage all aspects of onboarding set up for new acquisitions, management transition, development to operation transitions, restructure and refinancing including but not limited to:
- - Finalization of respective investment org chart with financial layers, including entity breakdown, leveling, consolidation of accounting entities for return calc, and roll up in a timely manner;
- - Asset and investment accounting set up for all key business systems;
- - Property/project KPI metrics, including acquisition information, and related party service fee abstract;
- - Lease abstracting, collection of legal and insurance documentation;
- - Coordinating property tax details with Property Tax Resource (PTR) or Ryan (OneSource);
- - Integrate unique transaction details into operational processes, such as escrow holdbacks;
- - Oversight of bank account setup, and other operational set up readiness;
- - Coordinate with PM, Accounting and Investment to establish reporting requirements as specified in specific co-sponsor/ joint vendor and/or co-investors agreement;
- - Assist with operations of all 3rd party managed assets in the first 60 days to ensure all CIM processes are in place and property operations meet CIM requirements.
- Coordinate all aspects of offboarding for investment dispositions including but not limited to:
- - Dissolving entities, collection of legal and insurance documentation to buyer, IT system user deactivation, notify Property Tax Resource;
- - Integrate unique transaction details into operational processes, such as escrow holdbacks or CIM providing property management services;
- - System property status/data update; Ensure all final closing documents are properly saved.
- Maintain and improve upon existing onboarding/offboarding processes, including policy documentation.
- Review and update data tagging for all entities asset level metrics, return calculations, and overall financial reporting.
- Facilitate the integration of assets into accounting process including but not limited to staff training, system set up, application implementation, if applicable, assignment of property level accounting staff.
- Lead kick-off calls for all new acquisitions/management transitions with various department to ensure the respective business plan and structure is communicated to each respective working group to ensure smooth onboarding process.
- Coordinate all key private LP investor reporting requirements, including but not limited to the following:
- - Review of LPAs and side letters to understand all unique reporting requirements for 3rd party partners and investors;
- - Assist Fund Operations to establish recurring investor reporting tasks in Salesforce;
- - Assist Fund Operations on certain escalated investor requests by providing guidance on data source and owners to complete investor requests.
- Assist with accounting set up for any investment org restructure, fund formation, and investor and co-investor onboarding.
- Complete special projects, as needed.
- Being the liaison between legal, Accounting, Property Management, Development Management, Data Governance, and FP&A to ensure legal/reporting structures are appropriate to fit in all needs.
- Read and interpret documents such as instruction manuals, company policies and procedures documents, legal documents such as transaction agreements, leases, formation documents, loan documents, etc.
- Assist with policy, standard operating procedures and process documentation, especially processes around onboarding and offboarding.
EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)
- Bachelor’s degree in accounting, finance, or related field.
- Minimum of 5 years investment accounting experience, including financial reporting for fund structures, joint venture partners, co-investors and LP’s. OR Minimum of 5 years of experience in real estate financial services, including acquisition, property due diligence and onboarding of acquisitions for a variety of asset types: commercial, residential, industrial, credit, mixed use, and infrastructure investments
- Public accounting experience preferred.
- Experience with policies and procedures related to asset, finance or accounting operations.
- Industry experience with real estate or private equity preferred.
- Experience in Yardi, Investment Management role preferred.
ABOUT YOU:
- Ability to solve practical problems and continuously identify new ways to improve processes.
- Ability to effectively present information and communicate with other employees of the organization.
- Ability to read, analyze and interpret transaction agreements, financial reports and/or legal documents.
- Ability to respond to common inquiries or complaints from other departments.
- Demonstrated proficiency in Microsoft Office applications including but not limited to Outlook, Excel, PowerPoint, Visio, Yardi, Nexus, AVID, and VTS.
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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