Vice President, Credit Accounting

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!

The Vice President of Credit Accounting will be responsible for the oversight and management of Accounting for Credit 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 Credit investment structures and new acquisitions and dispositions and in partnership with Portfolio Oversight help manage capital and cash management and analyze investment returns.

• Accounting and Reporting:
  • Overall responsibility for financial reporting for Credit investment structures.
  • Oversight of the global accounting model for Credit 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, performance fee calculations and management fees through the fund and investment structures.
  • 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 and Fund level performance reporting to our Portfolio Oversight teams and Investors, including driving industry leading reporting across GIPS, ILPA and NCREIF standards.
• Treasury & Cash Management
  • Support Portfolio Oversight, Treasury and 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.
• Department Management
  • In conjunction with Fund Accounting teams coordinate with independent auditors, fund administrators and accounting staff at JV partners.
  • People Management of the Directors, Controllers, Managers and Senior Accountants working on the 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.

• Bachelor's Degree in Accounting or related field.
• CPA or equivalent qualified.
• 15 years of experience in Fund Accounting for Credit assets and associated structures and vehicles.
• Technical accounting experience with ASC 970 Real Estate, ASC 310, ASC 320, ASC 326 CECL, ASC 360 PP&E, ASC 946 Investment Companies, ASC 820 Fair Value and ASC 842 Lease Accounting.
• Experience managing teams and implementing new processes.
• Knowledge of industry standard performance metrics for closed and open‑ended funds including MOIC, TVPI, IRRs and time‑weighted returns.
• Awareness of NCREIF and GIPS reporting standards.
• Industry experience should be with Alternative…