Regional Project Accountant
CIM Group (www.cimgroup.com) is a transformational urban real estate and infrastructure investment firm founded in 1994 with over $12 billion in assets under management. The firm currently has offices in Los Angeles, Oakland, Bethesda, New York and London. CIM's urban investing discipline is based on the premise that the best way to create or enhance value is to focus on a community as a whole, by investing in varied assets or asset classes within that given community.
CIM understands that our success hinges on the highest level of motivation and collaborative effort from our team. CIM Group cultivates an entrepreneurial, diverse work environment that rewards motivation, creativity, and integrity. CIM Group's culture:
• Entrepreneurial Environment
• Integrity Ethics
• Diversity
• Professional Development
• Open Communication
Position Summary:
The Regional Project Accountant is responsible for a portfolio of residential and commercial properties. The primary responsibilities include maintaining the accuracy and integrity of property financial reports and corresponding property management reporting. This position supports the property management accounting and lease administration functions. The position is responsible for financial and property management functions including but not limited to receivables, payables, accruals, lease administration, variance analysis and budget review. The Regional Project Accountant works closely with Property Managers, Assistant Property Managers, Property Coordinators and Accounting staff members to resolve issues, correct errors, and train where necessary.
Essential Functions:
• Assist in the lease administration process, including review of all leasing activity, reporting and abstract preparation.
• Maintain accurate and up to date tenant ledgers and coordinate timely receivable collections with property managers.
• Review and analyze monthly operating reports prepared by property managers for distribution to investment analysts. Assist in the preparation and follow-up of monthly variances.
• Review aging reports and expense ledgers to identify and recommendation monthly accruals and/or potential reclassifications.
• Provide monthly analysis of operating expenses against budget and proforma to assist property managers in the accuracy and consistency in the financial/operating performance of each property.
• Assist property management in producing write-offs, determining bad debt recommendations, completing write-offs, and ensuring the timing and accuracy of move-ins/outs.
• Assist in the preparation of annual CAM reconciliations and estimates
• Assist in review and preparation of annual budgets, forecasts and narrative and make recommendations as needed
• Where needed, review payables for accuracy, including proper allocation between entities, correct coding to general ledger accounts and correct invoice information
• Explore and recommend potential improvements in both Yardi and other reports/schedules, and maintain/improve the flow of information from property managers to the accounting staff.
• Provide on-site assistance and training as necessary
Requirements:
• Bachelor's degree in Accounting or related field
• 3+ years previous accounting experience
• Prior real estate/property management experience
• Proficient in Microsoft Office, especially Excel and Word
• Knowledge of GAAP Accounting
• Familiar with property management functions
• Experience in Yardi, MRI, JD Edwards, or comparable software
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