Property Accountant

CIM Group
US - California - Los Angeles
November 7, 2024

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:

The Property Accountant will, with limited supervision, be primarily responsible for the day-to-day accounting of assigned assets in accordance with standard GAAP accounting practices.

RESPONSIBILITIES:

(55%) Engaged in general GAAP accounting for assigned property(s). Prepares daily accounting of assigned books to ensure consistency, accuracy and timeliness of reviews. Develops a systematic approach to record charges/review payables in Yardi Voyager and Yardi Procure to Pay, recurring monthly JE, etc. for consolidated corporate entities (inclusive of residential, commercial and retail properties). Performs month-end accruals, bad debt & write-off, reconciliations and analyses for assigned property(s). (Independent Judgement)
(15%) Reviews and reconciles sub-ledger to general ledger account balances. (Administrative)
(15%) Works with Property Managers to: respond to issues, questions, concerns and/or data requests regarding variances related to move in/out of tenants, AR cash/credit application, AP credit reconciliation. (Independent Judgement)
(5%) Prepares budget variance reports and assists with variance resolution (budget forecast, CAM review estimate & reconciliation). (Independent Judgement)

Additionally:

(5%) Assists with acquisitions and/or dispositions, as needed.
(5%) Files Personal Property Tax, Sales Tax, Business Licenses, as relevant.

EDUCATION & EXPERIENCE:

Bachelor's Degree in Accounting or related field.
3+ years' of previous GAAP accounting experience preferred.
Real estate/private equity experience preferred. Should have prior experience analyzing and interpreting complex agreements.
Highly proficient in Microsoft Office, particularly Excel and Word.
Demonstrated experience in Yardi, MRI, J. D. Edwards or comparable software.
Strong analytical, detail-orientation and communication skills required.
Proven ability to produce accurate work product with limited oversight.

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. The role is considered non-exempt so will be eligible for overtime pay in accordance with federal and state law. At CIM, this role has the potential to receive a discretionary bonus in addition to base salary. The anticipated base pay range for the position in Los Angeles, CA is $36 - $45 per hour.

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.
• LI-NP1

Read the full job description and apply online on the recuiter's web-site

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