Director, Corporate FP&A

Posted 2 Days Ago
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Los Angeles, CA
155K-215K Annually
Senior level
Real Estate
The Role
The Director, Corporate FP&A will lead the financial planning, budgeting, and forecasting processes at CIM Group. Responsibilities include managing a small FP&A team, providing strategic analysis, optimizing financial systems and processes, coordinating with various internal teams, and supporting M&A activities and initiatives to ensure financial accuracy and efficiency.
Summary Generated by Built In

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 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 PURPOSE:

The Director, Corporate FP&A will lead CIM’s corporate financial planning (budgeting, forecasting, analysis). In partnership with the Principal, Corporate Development & FP&A, this role will also support execution of financial M&A integration work, technical accounting analysis and other corporate strategic initiatives. The Director, Corporate FP&A will be a critical partner across various internal teams and as such, should provide a high level of customer service to CIM employees across all departments and levels.

RESPONSIBILITIES:

  • Provide primary ownership over all forward-looking financial projections and budgeting related to CIM’s management company
  • Manage the day-to-day of a 1-2 headcount Corporate FP&A team (includes work assignment and review, communicating performance expectations, managing & optimizing performance, providing ongoing feedback)
  • Partner with the executive management team to facilitate strategic planning and analysis. Run and manage multiple scenarios that reflect the most recent same store business plan, capital markets transactions and/or acquisitions
  • Continuously improve systems, business processes and reporting capabilities of the Corporate FP&A team
  • Assume overall responsibility for the completeness, accuracy and integrity of source data used in budgets, reforecasts, and internal management reports
  • Optimize and/or implement relevant processes to gather, analyze and store benchmarking metrics, ensuring necessary tools are in place to drive business decision making. Includes providing ongoing, relevant public company competitor set benchmarking and analyses of the alternative asset management industry
  • Coordinate with Investments, Capital Markets, and Finance Leadership to ensure that recurring and ad-hoc analyses prepared by FP&A meets the needs of all stakeholders and is delivered accurately, efficiently and timely
  • Assist Investments teams with transaction support work (including corporate M&A, new investments, and/or financing for the management company). Provide support for due diligence and other related requests, as needed
  • In partnership with relevant teams, support execution of M&A integration work. Specifically, manage implementation of business process initiatives to ensure the accuracy, reliability and efficiency of the accounting, budgeting and forecasting processes. Identify opportunities for cost reductions and synergies throughout the company, as part of integration efforts
  • Provide analyses of NPV and monitor payback of internal initiatives. Includes ongoing project support to a) enable forward progress on initiatives, and b) ensure economics remain on track/aligned to business outcomes
  • Apply knowledge of US GAAP and fair-value GAAP to ensure fair-value adjustments are appropriately layered into cash flow actual results and projections on a consistent basis
  • Additional projects, as assigned

EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)

  • Bachelor's degree in Accounting, Finance or related field
  • 8+ years of relevant professional experience in FP&A
  • Demonstrated experience providing technical accounting guidance on complex transactions, business combinations, revenue recognition, etc. required. Prior asset and investment management business experience a plus (incl. corporate aspects of alternative asset management)
  • Investment banking, private equity or management consulting industry experience preferred
  • CPA, CFA, MBA preferred
  • Experience with public company benchmarking and analyses of the alternative asset management industry a plus
  • Big 4 or other public accounting experience preferred, specifically Transaction Services

ABOUT YOU:

  • Highest level of technical expertise in Microsoft Office: Excel, Word, Access & PowerPoint
  • Complex financial modeling experience required
  • Exceptional to technical with US GAAP required; IFRS and/or other GAAP basis a plus
  • Programming experience with SQL, Excel Macros (VBA) or other similar languages (optional)
  • Experience with Adaptive Planning, Yardi, Argus, or similar forecasting software preferred

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. At CIM, base pay is one part of the total compensation package. For this role, bonus compensation may be a significant part of the total compensation. The anticipated base salary range for the position in Los Angeles, CA is $155,000 - $215,000. ​


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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The Company
Bethesda, MD
878 Employees
On-site Workplace
Year Founded: 1994

What We Do

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Our in-house 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’re a diverse team of more than 990 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’re striving to make an even greater impact in the years to come.

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