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Property Accountant
CIM GroupLos Angeles, United Statesfull_timeVerifiedPosted 15 Oct 2024
💰 $90,000/yr($72,000/yr – $90,000/yr)
About the role
About CIM GroupCIM 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 PurposeThe 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.
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 $36.10 - $45.70 per hour.
How We Feel About Diversity and InclusionCIM Group is committed to bringing together humans from different backgrounds and perspectives, providing employees with a safe and welcoming work environment free of discrimination and harassment. We strive to create a diverse & inclusive environment where everyone can thrive, feel a sense of belonging, and do impactful work together. As an equal opportunity employer, we prohibit any unlawful discrimination against a job applicant on the basis of their race, color, religion, gender, gender identity, gender expression, sexual orientation, national origin, family or parental status, disability*, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate. We respect the laws enforced by the EEOC and are dedicated
Position PurposeThe 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)
- (5%) Assists with acquisitions and/or dispositions, as needed.
- (5%) Files Personal Property Tax, Sales Tax, Business Licenses, as relevant.
Additionally:
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.
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 $36.10 - $45.70 per hour.
How We Feel About Diversity and InclusionCIM Group is committed to bringing together humans from different backgrounds and perspectives, providing employees with a safe and welcoming work environment free of discrimination and harassment. We strive to create a diverse & inclusive environment where everyone can thrive, feel a sense of belonging, and do impactful work together. As an equal opportunity employer, we prohibit any unlawful discrimination against a job applicant on the basis of their race, color, religion, gender, gender identity, gender expression, sexual orientation, national origin, family or parental status, disability*, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate. We respect the laws enforced by the EEOC and are dedicated
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