About this role
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 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!
RESPONSIBILITIES:
- Communicate tax risks and alternatives clearly and effectively to investments, portfolio oversight, fundraising, sales, legal and accounting teams by translating complex tax concepts into practical, actionable, business-focused advice.
- Develop processes with fund administrators to ensure partner and tax allocation information for open-end funds with large numbers of partners is delivered timely and accurately to tax preparers.
- Ensure W-8 forms received from investors are adequately reviewed and claims for treaty benefits are granted.
- Ensure tax allocations associated with carried interest/promote paid by assigned funds are as tax efficient for the manager as possible.
- Advise fund accounting to ensure fund level and investment level tax structures are executed correctly and accounted for properly.
- Manage internal accounting teams, fund administrators and external tax preparers to ensure timely and accurate tax compliance, including delivery of tax returns and Schedule K-1s, quarterly federal and state corporate income taxes and withholding taxes, and satisfaction of quarterly and annual REIT qualification requirements.
- Perform tax technical research and work closely with external legal counsel and tax providers to identify tax risks to ensure tax positions are agreed upon real-time and tax reporting is streamlined.
- Work collaboratively within the tax team to ensure tax issues from funds within purview are clearly and thoughtfully communicated to other members of the tax team so implications can be properly considered.
- Work with investor relations to respond to ad hoc tax information requests from potential and existing investors.
- Apply tax technology, automation tools, and data analytics platforms to improve tax compliance, reporting accuracy, efficiency, and scalability.
EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)
- Bachelor’s degree in accounting, finance or related field.
- 8+ years’ previous tax accounting experience at a public accounting firm (Big 4 firm with strong real estate, credit, or investment management practice preferred) or asset management firm.
- Extensive partnership experience in large open end real estate equity and/or credit funds.
- Extensive experience with equity and mortgage REIT qualification issues and quarterly/annual REIT compliance and reporting requirements.
- Private equity real estate tax experience required including experience with U.S. tax issues and structures, for foreign investors (ECI, FDAP and FIRPTA) and U.S. tax exempt investors (UBTI).
- Experience with state non-resident withholding preferred.
- MBT, CFA or additional designation a plus.
ABOUT YOU:
- Self-driven and display strong initiative and eagerness to learn and grow.
- Must have excellent verbal and written communication and inter-personal skills for dealing with internal and external stakeholoders.
- Strategic thinking and ability to align tax strategies with overall business objectives.
- Demonstrate strong work ethic.
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.
CIM is committed to maintaining the confidentiality and privacy of your personal and financial information. Please click here for our Privacy Policy.
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.