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Accounting Intern

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:

Our firm is looking for a motivated and enthusiastic Accounting Intern to join our team for an 8-week program during the Summer of 2025. The Accounting Intern will gain industry experience while applying and expanding their accounting knowledge and skills in a professional setting. The main functions the intern will be exposed to relating to the accounting and external reporting cycle are Property Accounting, Fund Accounting, and Financial Reporting. Such exposure is intended to provide invaluable insights into accounting in the real estate industry, including but not limited to:


- Property-level accounting including tenant billings, accounts payable processing, and property-level financial data analysis.

- Fund-level accounting including fund-level accruals and accounting estimates, accounting research and policies, and fund-level financial data analysis.

- Financial reporting includes financial statement compilation and analysis, including reviewing peer filings for updated disclosures on emerging issues, ensuring disclosures that compliant with SEC rules and regulations, and interacting with Big 4 auditors for relevant audit requests.



RESPONSIBILITIES:
  • Assist assigned team in completing assigned projects within department guidelines and budget guidelines.
  • Learn to identify and communicate accounting/audit issues, technical matters, and improvement opportunities discovered during the close, reporting, or audit processes.
  • Learn excellent project management skills to allow multiple projects to run concurrently and ensure timely completion.
  • Receive training to use various financial systems / tools and improve your skills with Microsoft office suite.
  • Gain experience interacting with internal business partners, management, and senior management personnel.


ABOUT YOU:
  • Pursuing a Bachelor’s or Master’s degree in Accounting
  • Strong academic track record, minimum GPA of 3.0
  • Beginner to Intermediate understanding of US GAAP and auditing principles
  • Strong verbal and written communication skills
  • Availability to intern full time (32 hours / week) in the Summer of 2025, preferably for a minimum of eight weeks


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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What You Should Know About Accounting Intern, CIM Group, LP

Are you ready to kickstart your career in accounting? CIM Group, a leader in community-focused real estate and infrastructure, is on the lookout for an enthusiastic Accounting Intern to join our team in Phoenix, AZ during the Summer of 2025. This is an incredible 8-week program where you'll gain hands-on experience in various accounting areas that are crucial for real estate operations. As an Accounting Intern, you’ll dive deep into property-level accounting, which includes managing tenant billings and processing accounts payable while getting a grip on financial data analysis. You’ll also explore fund-level accounting, helping us streamline accruals and financial estimates, along with assisting in compiling financial statements. Throughout your time here, you will have the chance to interact not only with our talented team but also with Big 4 auditors, giving you invaluable insights into the accounting processes that drive successful real estate transactions. You'll train in various accounting tools and enhance your skills with Microsoft Office Suite. Of course, we’re looking for someone who is passionate about learning – a student pursuing an accounting degree with at least a 3.0 GPA, preferably available full-time for a minimum of eight weeks. At CIM Group, we cherish diversity and believe that every voice contributes to our mission of uplifting communities. If you’re ready to embark on an engaging journey and make an impact, we'd love to have you on board!

Frequently Asked Questions (FAQs) for Accounting Intern Role at CIM Group, LP
What can I expect from the Accounting Intern position at CIM Group?

As an Accounting Intern at CIM Group, you can expect hands-on training in property and fund-level accounting, financial reporting, and interaction with various stakeholders including auditors. This role is designed to enhance your professional skills while providing you with a rich learning experience in real estate accounting.

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What qualifications do I need to apply for the Accounting Intern role at CIM Group?

To apply for the Accounting Intern position at CIM Group, candidates should be pursuing a Bachelor’s or Master’s degree in Accounting. Additionally, a strong academic record (minimum GPA of 3.0), familiarity with US GAAP, and excellent communication skills are key qualifications for this role.

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Is prior experience required for the Accounting Intern position at CIM Group?

No prior experience is required for the Accounting Intern position at CIM Group. We welcome enthusiastic students who are eager to learn and expand their knowledge of accounting practices in the real estate industry.

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How long is the Accounting Internship program at CIM Group?

The Accounting Internship program at CIM Group is an 8-week full-time program, running during the Summer of 2025. This duration allows interns to gain substantial experience in various accounting functions.

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What skills will I develop while interning as an Accounting Intern at CIM Group?

During your internship at CIM Group, you will develop essential accounting skills such as property-level financial analysis, fund-level accounting processes, project management, and effective communication with finance teams and auditors, all of which are critical for a successful career in accounting.

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What is the work environment like for an Accounting Intern at CIM Group?

At CIM Group, the work environment is collaborative and inclusive. Interns are encouraged to interact with various departments and senior management, creating a supportive atmosphere that fosters professional growth and diversity.

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How does CIM Group support diversity and inclusion in the workplace for Accounting Interns?

CIM Group is dedicated to fostering an inclusive workplace where diversity is not only respected but celebrated. Interns can expect a safe environment where their unique perspectives contribute significantly to team dynamics and innovation.

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Common Interview Questions for Accounting Intern
Can you explain your understanding of US GAAP?

When answering this question, outline your knowledge of Generally Accepted Accounting Principles, emphasizing their importance in ensuring transparency and consistency in financial reporting. Mention specific areas you're familiar with, such as revenue recognition or asset valuation.

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What accounting software or financial systems have you worked with?

Highlight any accounting software you're familiar with, like QuickBooks, SAP, or Excel. If you haven't used any specific software, express your willingness to learn and adapt by sharing experiences with similar tools, showcasing your tech-savvy nature.

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How do you prioritize multiple tasks when facing tight deadlines?

Use this opportunity to demonstrate your organizational skills. Describe a time when you managed multiple projects, detailing how you prioritized tasks based on urgency, importance, and deadlines, while maintaining quality in your work.

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Describe a challenging situation you faced in a group project and how you handled it.

Share a specific example that illustrates your teamwork and problem-solving skills. Explain the challenge, your thought process, and the solution you implemented, emphasizing your contributions to achieving a successful outcome.

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What interests you about the real estate industry?

Express your passion for real estate and how it intertwines with accounting. Discuss any personal experiences, projects, or research that sparked your interest and align it with CIM Group's community-focused approach to real estate.

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How do you ensure accuracy and attention to detail in your accounting work?

Demonstrate your understanding of the significance of accuracy in accounting. Discuss specific techniques you use, such as double-checking your work, cross-referencing data, and maintaining organized records to minimize errors.

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What do you hope to achieve during your internship at CIM Group?

Share your personal and professional goals, focusing on the skills and knowledge you'd like to develop. Emphasize your desire to contribute meaningfully to the team and learn from experienced professionals in the accounting field.

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How would you approach learning new accounting principles or updates in regulations?

Illustrate your proactive approach to continuous learning by describing the resources you use, such as online courses, workshops, or accounting journals. Mention your commitment to staying updated on changes within the industry.

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Can you discuss a time when you had to communicate complex financial information?

Choose an example that showcases your communication skills. Explain the context, the audience you were addressing, and the steps you took to simplify and effectively convey complex financial concepts in an understandable manner.

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What would you do if you identified an error in financial reporting?

Outline your approach to addressing financial errors, emphasizing the importance of integrity in accounting. Describe the steps you would take to correct the error, inform relevant parties, and implement measures to prevent future occurrences.

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CIM Group is a premier real estate fund manager that makes private equity and/or debt investments in urban communities throughout North America, utilizing its full array of investment and operational expertise to maximize returns while mitigating ...

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Internship, on-site
DATE POSTED
November 28, 2024

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