Quick overview
Job description
The position of Senior Accountant is responsible for applying CIM accounting policies and GAAP methodology to the day-to-day accounting of assigned processes. This role supports the Controller and Senior Manager with full cycle close, recurring and ad hoc deliverables, develops a solid understanding of company investment structures, monitors and reconciles cash activity, and prepares financial reports and operational metrics. The role requires strong independent judgment and discretion and operates with limited supervision.
RESPONSIBILITIES:
- Review asset level reporting prepared by asset level accountants.
- Responsible for accounting for investments, including preparing investment level financial statements and preparing GAAP adjustments as required by ASC 970 Real Estate Accounting and ASC 820 Fair Value Accounting.
- Accounting for investment level debt, property taxes, insurance payables and other non-operating accruals.
- Assist with real estate investment & debt schedules for valuations, prepare fair value entries and supporting cost & debt roll forwards.
- Calculation and accounting for property and development management fees and where required fund management fees based on fund tier levels.
- Preparation of balance sheet reconciliations and analytic reviews of investment level performance.
- Completion of quarter end and month end checklist.
- Assist in the preparation of accounting analyses and documentation for complex or non-routine transactions associated with real estate costs and development projects.
- Prepare schedules and support for audits, tax preparation and valuations.
- Accounting for acquisition and disposition of assets and booking of required funding.
- Assist in set-up of accounting structures.
- Monitor cash balances and liquidity needs in the investment structures, approving settlement of invoices and working with Managers on capital draws and distributions.
- Approval of non-operating accruals and accounts payable.
EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)
- College degree in accounting or finance (BA or BS).
- 3+ years of previous GAAP accounting experience (preferably in Real Estate/Private Equity/or Capital Projects).
- Experience with fixed assets, capitalization policies, and strong understanding of ASC 970 and ASC 360.
- Big 4 or other public accounting experience (preferred).
- CPA (preferred).
ABOUT YOU:
- Demonstrated knowledge and application of GAAP accounting.
- Ability to independently organize and manage multiple tasks in a detailed and deadline-oriented environment with minimal supervision.
- Analytical and critical thinking skills.
- Strong written and verbal communication skills.
- Time management.
- Proficient in Microsoft Office, especially Excel and Word.
- Experience in Yardi, MRI, J. D. Edwards or comparable software.
- 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!
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