Vice President, Real Estate Accounting

Overview

Oversee accounting, reporting, and cash management for real estate investment funds.

Key Responsibilities

• financial reporting
• month-end close
• cash management
• system implementation
• performance reporting
• yardi setup

Tasks

The Vice President of Real Estate Investment Accounting will be responsible for the oversight and management of Investment Accounting for Real Estate 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 real estate investment structures and new acquisitions and dispositions and in partnership with Portfolio Oversight help manage capital and cash management and analyze investment returns. -Coordinate with the valuations team regarding the quarterly and annual asset level appraisals and fair value adjustments -Overall responsibility for financial reporting for Real Estate investment structures. -Responsible for timely and accurate month end close process across accrual books, consolidation, GAAP adjustments and performance reporting. -Responsible for investment level operating activities including deal funding, investor funding, all cash activities, line of credit, reconciliations, and regulatory reporting -In conjunction with Fund Accounting teams coordinate with independent auditors, fund administrators and accounting staff at JV partners -Development of new processes to support growth in volume and complexity of assets and roll out of new technology and system implementations -Oversight of the global accounting model for Real Estate investments including policy and processes governing the asset class. -Oversight of accounting for the waterfall, incentive fee calculations and management fees through the investment structure -Accounting for complex transactions on new deals, re-structures and dispositions including involvement in structuring of new investment vehicles -Work with Fund Accounting and Portfolio Oversight in answering queries in relation to investment level returns. -Oversight of investment level performance reporting to our Portfolio Oversight teams and Investors, including driving industry leading reporting across GIPS, ILPA and NCREIF standards -Support Portfolio Oversight, Treasury and Fund Accounting teams in cash management of fund structures and 3rd party lender reporting -Accountable for ensuring appropriate set-up of investment structures in Yardi Investment Accounting system in line with the global booking models -People Management of the Controllers, Managers and Senior Accountants working on the Investment Accounting team -Collaborate with multiple internal teams including Tax, Valuations, Portfolio Oversight, Investor Client Services, IT and Treasury -Oversight of appropriate financial control environment including coordinating with internal audit to ensure SOX compliance.

Requirements

• cpa
• yardi
• asc 970
• 15 years
• process improvement
• communication

What You Bring

-CPA or equivalent qualified -Knowledge of industry standard performance metrics for closed and open-ended funds including MOIC, TVPI, IRRs and time weighted returns. -A deep understanding of operational processes and the ability to identify opportunities for process improvement and cost reduction -Experience managing teams and implementing new processes -Experience working with Yardi Investment Accounting or similar ERP preferred -Excellent communication and people skills for collaborating with cross-functional teams -Industry experience should be with Alternative Investment Management industry of real estate or REITS -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. -Technical accounting experience with ASC 970 Real Estate, ASC 360 PP&E, ASC 946 Investment Companies, ASC 820 Fair Value and ASC 842 Lease Accounting -Proficiency in analyzing complex financial information, identifying trends, and providing actionable insights to drive decision-making -Bachelor's Degree in Accounting or related field -Awareness of NCREIF and GIPS reporting standards -15 years of experience in Fund Accounting for Real Estate assets and associated structures and vehicles

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Benefits

Company paid life and disability insurance Health Savings Account with a generous employer contribution *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. 401(k) savings plan, with company match Wellness program, including monthly and quarterly prizes 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. At CIM, base pay is one part of the total compensation package. This role is eligible for bonus pay in addition to base salary. The anticipated base salary range for the position in Los Angeles, CA is $205,000 - $280,000. Up to 16 weeks of Paid Parental Leave A variety of Medical, dental, and vision benefit plans Comprehensive paid time off, including: vacation days, 10 designated holidays, sick time, and bereavement leave Ongoing professional development programs Up to 16 hours of volunteer time off

About Cim Group

-With over $29 billion in assets under management, it has led more than $60 billion in real estate and infrastructure projects across the Americas and Europe. -Its vertically integrated model combines acquisition, development, financing, leasing, property management and disposition under one roof. -Typical projects span commercial properties, data centers, solar farms, student housing, mixed‑use developments and logistics facilities. -Sector expertise includes real estate equity strategies, infrastructure optimization and credit platforms providing financing solutions. -Notable projects include the Aquamarine Solar Park, Hollywood & Highland redevelopment, 432 Park Avenue site acquisition and numerous data‑center portfolios. -Its in‑house teams source value‑add opportunities, revitalizing urban assets and converting underutilized land into high‑impact community uses.

Sector Specialisms