Controller, Accounting - Permanent Power Company

Controller, Accounting

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: (including certification, licenses, etc.)

• 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.

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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.