What is the typical career path for an Accounting Controller at CIM Group?

While specific paths vary, an Accounting Controller at CIM Group often progresses to senior accounting or finance management roles. The role provides exposure to complex financial structures and high-growth environments, which are valuable for advancement within the company or the broader finance industry.

What specific accounting software is primarily used at CIM Group for this Accounting Controller role?

The job description explicitly mentions the Yardi platform as a key requirement for fund accounting experience. Proficiency with Yardi is considered an advantage, suggesting it's a central system for managing financial data in this role.

Does CIM Group offer opportunities for professional development for an Accounting Controller?

Yes, CIM Group offers ongoing professional development programs. This includes support for employees to enhance their skills and knowledge, which is crucial for staying current in accounting and finance.

What is the company culture like at CIM Group for finance professionals?

CIM Group emphasizes a community-focused culture, teamwork, and making an impact. For finance professionals, this translates to a collaborative environment where you partner with various teams and contribute to the company's growth and operational integrity.

What are the key technical accounting areas an Accounting Controller needs to be proficient in at CIM Group?

Key technical accounting areas include understanding ASC 606 Revenue Recognition and ASC 810 Consolidation. Experience with corporate restructures, consolidations, and accounting for contracts is essential, along with knowledge of real estate fund structures and PE fee structures.

Is public accounting experience, particularly from a Big 4 firm, a strict requirement for the Accounting Controller position?

Public accounting experience, especially from a Big 4 firm, is preferred but not strictly required. The role values 7-10 years of related experience, strong technical accounting skills, and proficiency with platforms like Yardi.

How does CIM Group support work-life balance for its employees, including accounting roles?

CIM Group supports work-life balance through a comprehensive benefits program that includes generous paid time off, volunteer time off, and paid parental leave. They also offer wellness programs to promote employee well-being.

Controller, Accounting - Permanent Power Company

CIM Group · Phoenix, AZ

On site
Full-time
$120,000 / year
Phoenix, AZ

Job highlights

Oversee accounting for energy projects and corporate structures.
Manage general ledger close and financial statement preparation.
Analyze lender reporting and covenant calculations.
Handle purchase price accounting and technical accounting analysis.
Support treasury functions and collaborate cross-functionally.

About the role

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 Controller, Accounting, is responsible for the overall quality of the accounting, financial reporting, performance measurement and preparation of management reports, including cash flow forecasting and other analysis, for a high-growth energy company with an enterprise value of more than $2.5B. The position partners closely with development, operations, portfolio management, valuations, tax, treasury, as well as internal and external auditors to ensure the close to reporting process supports the overall business objectives and maintains a high standard of integrity. The role also contributes to new project onboarding, transaction activity, and ongoing liquidity management within complex entity structures.

Responsibilities

Reviews full-cycle accounting for energy projects / investments and corporate structure, including preparation and analysis of the financial statements, general ledgers, subsidiary ledgers, budgets, cash flow projections and review of job cost reports
Prepare and/or review general ledger close, including eliminations, accruals for corporate and project operational level expenses, approving/processing invoices, and month-end reconciliations
Prepare and/or review corporate and project level financial statements and collaborate with fund accounting teams to assist in the preparation or review of financial statements to meet investor / SEC requirements
Review corporate-level and project-level lender reporting packages as well as pro-forma covenant calculations, as necessary
Prepare and/or review purchase price accounting for acquisitions including overseeing the system set up of multi-entity structures
Prepare and/or review technical accounting analysis of offtake agreements including collaborating with operations team to establish billings process and tracking of contract minimums for new offtake agreements
Prepare and/or review technical accounting analysis of corporate restructures including collaborating with Fund Accounting teams to ensure appropriate accounting treatment and consolidation in reporting and accounting system
Provide support to Capital Markets team for debt issuances and ensure close to reporting processes can support any new reporting or collateral management requirements
Assist in Treasury functions including monitoring/repayment of the fund credit facility, liquidity management, cash projections and review of cash transfers
Provide information for and take part in audit and tax preparation
Collaborate cross functionally across various teams whilst supporting middle office, tax, legal financial reporting and treasury functions for the Funds and entities
Assist with research on technical accounting matters, including the ability to document in memos as necessary

Education/Experience Requirements

Bachelor's Degree in Accounting, Finance or related field
7-10 years of related experience
Knowledge of various asset classes, including open and closed-end real estate fund structures (subsequent closes, capital calls, distributions), PE fee structures (management fees and carried interest) valuation approaches (NAV), accounting and reporting processes
Prior Fund accounting experience including preparation/reviews full-cycle accounting of assigned portfolio of fund(s), co-investments, investments including preparation and analysis of the financial statements, general ledgers, subsidiary ledgers in Yardi platform
Technical accounting experience covering corporate restructures, consolidation and accounting for contracts and revenue recognition. Experience with ASC 606 Revenue Recognition and ASC 810 Consolidation a must
Working knowledge of PE accounting ledger and associated hands on Yardi system experience is an advantage
Big 4 or other Public Accounting Experience (preferred)
CPA (preferred)
MBA, CFA or additional designation a plus
Must be proficient in Microsoft Office (i.e. Excel Pivot Tables, Sum-If, V-Lookups etc)

About You

Ability to build and implement new workflow and procedures working across multiple stakeholder groups
Strong written and verbal communication skills
Ability to solve practical problems and continuously identify new ways to improve processes

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.

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. CIM does not accept unsolicited resumes from Agencies. Any unsolicited resumes received from Agencies will be considered property of CIM and no fees will be due or paid. If you wish to become an approved Agency with CIM or any of its Affiliates, please contact a member of the CIM Talent Acquisition Team.

Key skills/competency

Accounting
Financial Reporting
Cash Flow Forecasting
General Ledger
Reconciliations
Financial Statements
Technical Accounting
Consolidation
Revenue Recognition
Yardi

Skills & topics

Accounting Controller
Accounting
Finance
Financial Reporting
General Ledger
Real Estate Accounting
Energy Company
SEC Reporting
ASC 606
ASC 810
Yardi
CPA
Fund Accounting
Technical Accounting
Revenue Recognition
Consolidation
Cash Flow Forecasting
Lender Reporting
Acquisitions
Treasury

How to get hired

Tailor your resume: Highlight experience with full-cycle accounting, financial reporting, and specific accounting standards like ASC 606 and ASC 810. Emphasize Yardi platform experience.
Showcase relevant experience: Detail your 7-10 years of experience, particularly in fund accounting, real estate fund structures, and technical accounting for corporate restructures.
Quantify achievements: Use numbers to demonstrate your impact, such as managing budgets, improving reporting accuracy, or contributing to cost savings.
Prepare for technical questions: Be ready to discuss your understanding of various asset classes, PE fee structures, and valuation approaches.
Demonstrate soft skills: Highlight your ability to build workflows, improve processes, and communicate effectively across teams.

Technical preparation

Master ASC 606 and ASC 810 standards.,Gain proficiency in Yardi accounting software.,Practice complex Excel functions like Pivot Tables.,Study real estate and PE fund accounting.

Behavioral questions

Describe a time you improved an accounting process.,How do you handle conflicting priorities from stakeholders?,Explain a complex accounting issue clearly.,How do you ensure accuracy in financial reporting?

Frequently asked questions

What is the typical career path for an Accounting Controller at CIM Group?: While specific paths vary, an Accounting Controller at CIM Group often progresses to senior accounting or finance management roles. The role provides exposure to complex financial structures and high-growth environments, which are valuable for advancement within the company or the broader finance industry.
What specific accounting software is primarily used at CIM Group for this Accounting Controller role?: The job description explicitly mentions the Yardi platform as a key requirement for fund accounting experience. Proficiency with Yardi is considered an advantage, suggesting it's a central system for managing financial data in this role.
Does CIM Group offer opportunities for professional development for an Accounting Controller?: Yes, CIM Group offers ongoing professional development programs. This includes support for employees to enhance their skills and knowledge, which is crucial for staying current in accounting and finance.
What is the company culture like at CIM Group for finance professionals?: CIM Group emphasizes a community-focused culture, teamwork, and making an impact. For finance professionals, this translates to a collaborative environment where you partner with various teams and contribute to the company's growth and operational integrity.
What are the key technical accounting areas an Accounting Controller needs to be proficient in at CIM Group?: Key technical accounting areas include understanding ASC 606 Revenue Recognition and ASC 810 Consolidation. Experience with corporate restructures, consolidations, and accounting for contracts is essential, along with knowledge of real estate fund structures and PE fee structures.
Is public accounting experience, particularly from a Big 4 firm, a strict requirement for the Accounting Controller position?: Public accounting experience, especially from a Big 4 firm, is preferred but not strictly required. The role values 7-10 years of related experience, strong technical accounting skills, and proficiency with platforms like Yardi.
How does CIM Group support work-life balance for its employees, including accounting roles?: CIM Group supports work-life balance through a comprehensive benefits program that includes generous paid time off, volunteer time off, and paid parental leave. They also offer wellness programs to promote employee well-being.

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