CIRE Equity is an entrepreneurial, growth-oriented company focused on the creation and preservation of wealth through targeted investments in commercial real estate in the Western United States. We are passionate about real estate, dedicated to hard work, and strive for excellence in everything that we do. We value our employees and aim to create a fun, merit-based environment that encourages hard work, creative thinking, and high-quality performance. We foster persistent improvement and we are seeking like-minded individuals who share our attention to detail and passion for excellence to join our growing team.

What Makes CIRE Special

At CIRE Equity, we want our employees to be successful, and we believe that a large part of success is aligned around our unique core values that form our cultural DNA.

PERSISTENT IMPROVEMENT

Relentless Cultivation of Our Potential 

QUALITY PERFORMANCE 

Executing Beyond Expectations

CREATE OPPORTUNITY

Innovative Thinking to Produce Value

AUTHENTIC COMMUNITY  

Building Relationships Through Sincere Interactions

Beyond technical competencies, we hire team members with emotional intelligence and awareness because we believe that creating a safe space for open sharing and direct feedback leads to higher-functioning teams and resilience in overcoming challenges. We work hard and play harder, celebrating company success as a team.

Purpose of Position

The Senior Manager of Financial Reporting plays a pivotal role in managing the financial reporting functions across all CIRE funds, ensuring accurate and timely financial reporting in compliance with regulatory requirements and Generally Accepted Accounting Principles (GAAP). This position works closely with cross-functional teams, senior leadership, external auditors, and other stakeholders to uphold the highest standards of financial transparency and integrity. 

Job Duties/Responsibilities

Financial Reporting Leadership:

FUND ADMINISTRATION

• Coordinate with VP of Financial Reporting & VP of Accounting on a monthly calendar to manage the third-party fund administrator to ensure NAV per unit for CREIT is published six days prior to each calendar month-end in accordance with the PPM.
• Complete timely review of monthly accounting packages provided by the fund administrator for CREIT and CIRE OpCo, with a focus on ensuring the accuracy of the management fee and incentive/performance calculations.
• Provide oversight over relationship with the fund administrator and transfer agent, including the negotiation of fees, ensure accurate billings, ensure quality, accuracy and timeliness of deliverables.
• Maintain fund return calculations & related peer benchmark performance data.
• Maintain investor-level partner capital account (PCAP) data.
• Ensure the timely and accurate completion of fund models for all non-CREIT investment vehicles.
• Ensure the timely and accurate processing of quarterly distributions for all investments with an emphasis on CREIT.
• Perform timely review of quarterly reporting to investors for all investment vehicles.

34’ ACT REGISTRATION (SEC compliance triggered at 2,000 investors)

• Manage the project to create historical cost basis of accounting in MRI for CREIT and CIRE OpCo, including the determination of personnel needed internally as well as the use of third-party consultants.
• Oversee the preparation and review of all financial statements, including balance sheets, income statements, cash flow statements, footnotes, EPS calculation and Management Discussion and Analysis (MD&A) ensuring accuracy and adherence to US GAAP.
• Assist in all capacities with the Form 10 preparation and external audit.

POST 34’ ACT REGISTRATION

• Lead the preparation of quarterly and annual financial reports, SEC filings (10-Q, 10-K), press release and other required regulatory disclosures in a timely manner, as required.
• Participate in the preparation of quarterly and annual earnings release, investor decks, and other outside communications, as appropriate.
• Provide oversight and review of monthly consolidation process and timely resolution of issues that arise.
• Manage internal and external audit requests and communications.
• Collaborate with external auditor to facilitate the audit process, negotiating audit fees, addressing inquiries and providing necessary documentation to ensure a smooth and efficient audit.
• Lead and manage special projects as assigned.

Compliance: 

• Assist with due diligence requests from advisors and independent firms conducting due diligence reports.
• Monitor financial reporting and accounting issues as released by the SEC, FASB and other technical authorities, assessing their potential impact on the firm's financial reporting practices and ensuring compliance.
• Research accounting literature and apply technical standards and analysis to complex or non-recurring business issues and transactions. Prepare written accounting memos documenting such issues/transactions for review by management and external auditors. Specific areas of interest are ASC 810: Consolidation, ASC 842: Leases, ASC 323: Investments-Equity Method and Joint Ventures and ASC 970, Real Estate. 

Internal Collaboration:

• Quarterly, present financial reporting to management for review and approval.
• Work with the Accounting team on a regular basis to initiate, record, or review key transactions in accordance with U.S. GAAP.
• Work with external legal counsel, senior management and other internal departments to identify, analyze and provide recommendations on accounting and reporting items that arise.
• Work closely with the executive management team, external fund administrator & transfer agent, VP of Financial Reporting and VP of Accounting to ensure accurate and timely financial data collection, analysis, and reporting. 
• Collaborate with legal, tax, investor relations and other departments, as necessary, to ensure financial reports, investor statements and disclosures are accurate and aligned with legal and tax requirements. 
• Provide support to investor relations team in maintaining high quality service to investors through answering their questions and providing supporting documentation/performance calculations when appropriate. 

Process Improvement:

• Identify opportunities to enhance financial reporting processes, increase efficiency, and improve the accuracy of reporting deliverables.
• Implement best practices and standardized procedures to streamline reporting workflows and reduce potential risks.
• Participate and lead technology and process improvement initiatives focusing on the MRI general ledger and SEC self-filing software (TBD).

Stakeholder Communication:

• Prepare and present financial reports to the executive team, and other key stakeholders, conveying complex financial information in a clear and concise manner.
• Participate in investor relations activities, addressing inquiries related to financial reporting and disclosures to ensure reports are disseminated within designated timeframes.

This is not intended to be an exhaustive list and additional duties may be assigned. 

Reporting Structure

• Position reports directly to: VP of Financial Reporting

Vital Goals/ Performance Measurements

• Timely submission of corporate, property, and fund financial statements.
• Accurate financial statements.
• 100% compliance with audit, FINRA, and SEC regulations as applicable.
• Timely quarterly investor reporting review.

Position Requirements 

Position Competencies 

• Expert knowledge of US GAAP and SEC reporting requirements. Specifically, investment company and historical cost basis reporting for public and private real estate funds.
• Exceptional analytical, problem-solving, and communication skills.
• Proficiency in accounting software, financial reporting tools, and Microsoft Office Suite.
• Strong attention to detail and accuracy, coupled with a strategic and forward-thinking mindset.
• Strong oral and written communication skills, including the ability to communicate complex accounting issues to senior management.
• Ability to facilitate communication between different individuals and departments in a style that can be understood by all parties involved.

Work Experience Qualifications 

• Bachelor's degree in Accounting, Finance, or related field; CPA designation strongly preferred.
• 5+ years of progressive experience in financial reporting, accounting, or auditing, with a substantial portion of that experience in the real estate or REIT industry.
• Experience managing and leading financial reporting teams.
• Proven ability to work in a fast-paced environment and manage multiple priorities effectively.

Working Conditions 

Environment

The primary working environment is an Indoor Office Setting utilizing computer workstation and general office equipment. The position will sit at their workstation for a significant portion of the work. Some positions may need to travel to asset locations and these sites will vary in nature. Employees are required to comply with all applicable safety provisions as posted on site or briefed by management. This includes use of any required PPE specific to said location.

Physical Requirements

The physical demands of the position are consistent with administrative/clerical work in an office setting and involves extended periods of sitting at a desk, using a computer for typing and data entry, and managing paperwork. It requires fine motor skills for operating a keyboard and mouse, as well as handling and organizing documentation, which may involve lifting, bending, and reaching. Employees also need to walk around the office for tasks like delivering documents or attending meetings and maintain good visual attention for prolonged periods of reading or screen time.