Manager, Financial Planning & Analysis

Asset FP&A
Posted: 11/18/2022
Full Time
Los Angeles, CA
The Manager of Financial Planning and Analysis is responsible for understanding the business objectives and strategic initiatives of the Company to deliver actionable reports and presentations based on analysis of actual results and forecast models. The position will require continuous communication and coordination with the following departments: Asset Management, Capital Markets, Development, Information Technology, Investments, and Investor Relations. 
ESSENTIAL FUNCTIONS:
  • Prepares fund and investment projections and analysis by applying corporate finance concepts, including cost of capital and time value of money.
  • Demonstrates the ability to calculate and analyze fund and investment returns (gross and net) under multiple scenarios.
  • Preparation, review and presentation of internal financial reporting and analysis, including asset management reports.
  • Update actuals, coordination of comments for variance between results and budget/underwriting, and cash flow analysis.
  • Effectively analyzes fund and investment operations and accurately applies distribution allocations to forecast cash flows and returns by appropriately applying knowledge of legal agreements and fund structure, including complex co-invest and joint venture structures, and fund and property level debt agreements.
  • Coordinate with Investor Relations with respect to fulfilling ongoing and ad hoc requests from investors for financial information.
  • Assist the appraisal team regarding the annual property level appraisals and fair value adjustments for asset level and equity allocations based on asset, co-invest, joint venture and fund level distribution waterfalls.
  • Reviews financial statements, general ledgers, subsidiary ledgers, budgets, cash flow projections and review of job cost reports to obtain and input actual results and assist with on-going efforts to automate processes.
  • NON-ESSENTIAL FUNCTIONS:
  • Operate standard office equipment.
  • Work remotely, nights and weekends as needed and with short notice (for time sensitive requests).
  • Additional duties may include assistance with quarterly accounting closes and reporting, and technical memo preparation, as necessary.
  • The position function will be complimentary to the other groups and will be part of the accounting and finance group and require a thorough understanding of accounting and reporting in addition to operations.
  • The position may also require some recurring accounting and reporting as part of the on-boarding process and to assist with overall team workload.  
  • SUPERVISORY RESPONSIBILITIES :
  • This position will be responsible for overseeing the work assignments of any subordinates, communicating performance expectations and providing performance feedback.
  • EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.):
  • Bachelor's degree in Accounting, Finance or Related Field.
  • 5+ years' previous accounting experience.
  • Expertise in the various investment asset classes, including real estate sub-classes, as well as the management, development, accounting and reporting processes.
  • Real estate/private equity experience.
  • Big 4 or other Public Accounting Experience (optional).
  • CPA, MBA or CFA preferred.
  • Proficient in Microsoft Office, especially Excel and Word.
  • Extensive knowledge of GAAP accounting.
  • Experience in Yardi, MRI, J. D. Edwards or comparable software.
  • Experience with Yardi forecasting or ARGUS preferred
  • KNOWLEDGE, SKILLS AND ABILITIES:
  • Deadline driven and ability to manage multiple tasks.
  • Ability to work independently and to proactively evaluate and address work opportunities within the area of responsibility.
  • Highly analytical and detail oriented.
  • Mastery of key investment metrics (IRR, ROI, etc.).
  • Ability to apply general finance mathematics (forecasting, discounting, etc.).
  • Cash flow modeling including property, debt instrument, joint venture, co-invest and fund level operations, fee and inventive calculations.
  • Ability to read, analyze and interpret complex agreements.
  • Ability to analyze and present large amounts of in information in a manner that is clear, concise and actionable. 
  • Demonstrated ability to form effective business relationships with clients, peers, customers and other key contacts, ability to communicate effectively both verbally and in writing.
  • Direct interaction with senior management.
  • PERFORMANCE METRICS:
  • Accuracy in work product.
  • Timeliness in completion of work product.
  • Presentation ability (verbal and deliverables).
  • Actionable value-add analysis.
  • Understanding of complex accounting and tax issues and their impact on operations, cash flows, and investment returns. 
  • #LI-BL1

    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.