CIM Group · 2 days ago
Vice President, Real Estate Accounting
Los Angeles, CA
Full-time
Onsite
Director/Executive
$205K/yr - $280K/yr
15+ years expCIM Group is a community-focused real estate and infrastructure owner, operator, lender, and developer. The Vice President of Real Estate Investment Accounting will oversee and manage Investment Accounting for Real Estate investment structures, ensuring accurate financial reporting and compliance while collaborating with various internal teams.
Asset ManagementCommercial Real EstateFinanceFinancial ServicesProperty DevelopmentProperty Management
Responsibilities
Overall responsibility for financial reporting for Real Estate investment structures
Oversight of the global accounting model for Real Estate 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, incentive fee calculations and management fees through the investment structure
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 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
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
People Management of the Controllers, Managers and Senior Accountants working on the Investment 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
Qualification
Required
Bachelor's Degree in Accounting or related field
CPA or equivalent qualified
15 years of experience in Fund Accounting for Real Estate assets and associated structures and vehicles
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
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 or REITS
Preferred
Experience working with Yardi Investment Accounting or similar ERP
Benefits
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!
Company
CIM Group
CIM is a community-focused real estate and infrastructure owner, operator, lender and developer.
501-1000 employees
H1B Sponsorship
CIM Group has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (3)
2023 (9)
2022 (3)
2021 (1)
2020 (3)
Funding
Current Stage
Late StageTotal Funding
$47.5M2023-11-27Debt Financing· $47.5M
2021-05-15Undisclosed
Leadership Team
Bernard Ryan
Managing Director, Head of Insurance Solutions
Recent News
Hotel Management Network
2026-01-15
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