Vice President, Credit Accounting
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Job Location:
Phoenix, NM - USA
Monthly Salary:
Not Disclosed
Posted on:
20 hours ago
Vacancies:
1 Vacancy
Job Summary
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!
POSITION PURPOSE:
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.
RESPONSIBILITIES:
- 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.
EDUCATION/EXPERIENCE REQUIREMENTS: (including certification licenses etc.)
- Bachelors 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 Investment Management industry of Real Estate/Credit or REITS.
- Experience working with Yardi Investment Accounting or similar ERP preferred.
ABOUT YOU:
- Ability to create and lead teams with the capability to inspire and guide a finance team including building new processes and procedures working across multiple stakeholder groups.
- Excellent communication and people skills for collaborating with cross-functional teams.
- A deep understanding of operational processes and the ability to identify opportunities for process improvement and cost reduction.
- Proficiency in analyzing complex financial information identifying trends and providing actionable insights to drive decision-making.
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 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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Required Experience:
Exec
Key Skills
- Change Management
- Financial Services
- Growing Experience
- Managed Care
- Management Experience
- Analysis Skills
- Senior Leadership
- Performance Management
- Process Management
- Leadership Experience
- negotiation
- Analytics
About Company
CIM Group is an owner, operator, lender and developer of real assets with broad expertise in real estate, infrastructure and credit. Learn More!
