CIMA® qualified professionals stand out sharp from the crowd because they bring to the table specialist level competence in two of the most specialized and high-demand domains - investment accounting and international management accounting.
I registered for CIMA® almost immediately after I completed my MS in Accounting primarily because I hated the beaten career tracks of financial accounting, audit and taxation. The CIMA® journey paved for me a direct pathway to exciting roles in hedge funds and asset management thanks to my investment accounting specialization. After a few months in an private wealth management firm, I am now leading the investment accounting team in a leading investment bank.
Blake Ryan CIMA®, Wealth Accountant
I decided to go for CIMA® in a bid to sort of, rejuvenate my accounting career. Despite being a qualified chartered accountant, I was stuck in those insipid internal auditing and financial statement preparation roles, and I desperately wanted to move to roles that made more direct impact on company fortunes and future. CIMA® has served to not just change and amplify my candidate profile on paper; it has genuinely helped me add so much of vital knowledge in multiple disciplines in a short time – something, I don’t think, I could have done any other way.
Ted Elliott CIMA®, Head, Project Budgeting
Pursuing CIMA® is like you’re actually on a multi-disciplinary learning tour that eventually closes the circuit for you at your favorite destination! I thought of CIMA® because despite being a trained management accountant, I was still not able to break the glass ceiling, and caught in cost accounting roles. CIMA® opened up new vistas for me – especially those in investment banks and hedge funds that I always wanted!
Sasha Young CIMA®, CMA, Portfolio Analyst
My coach recommended CIMA® to my batch that was struggling because our level 1 chartered accountancy exams were indefinitely postponed in 2020, and we were stuck. I registered in CIMA® under their limited-period Pathway scheme introduced for a few countries where professional certification exams were postponed due to Covid. Now that I’m coming to grips with the program, I must tell you that the very stature and class of this program is different!
Ajith S. Thambe, Pursuing CIMA®
CIMA® creates global career opportunities in two of the most exciting, growth-laden and high demand areas of accounting today - the super-specialized and rarefied investment accounting domain, and the ever-important and perennial favorite management accounting. The CIMA® qualification creates job opportunities and paves tracks for senior level positions cutting across finance, consulting and non-finance industries.
The dual-specialized CIMA® qualified professionals have the option of making careers in both investment accounting and management accounting areas, and can work in Wealth management, hedge funds, asset mangement, investment banking, financial consulting, corporate banking, investment management and transnational business and non-business corporations.
Dual specialization in investment & management accounting is ideal for professionals who wish to diversify their career options through one qualification.
CIMA® from United States prepares ambitious professionals for TWO high-growth careers
CIMA® qualified professionals can work in a wide variety of work places, because they are specialist management accountants as well as investment accountants. They are ideal choices for important positions in small and large asset management firms, brokerage houses, wealth management firms, finance KPOs, investment banks, publicly listed international business companies as well as and multinational business corporations. They also work in not-for-profit global organizations, government and internationally diversified academic institutions.
Preparing data for use within a company doing business in multiple countries and dealing with multiple currencies is one of the features that distinguishes an investment & management accountant from other types of accounting jobs.
Management accountants working the Financial Analyst role engage in financial modeling, budgeting, and preparing supporting schedules and forecasts in organizations having multi-country and multi-currency operations. Analysts also track results and perform variance analyses. The exact position in this role depends on the nature and duration of a CIMA's work experience.
Hinging on a CIMA's work history and accomplishments, these roles eventually lead to the Financial Controller's office in companies having multi-country and multi-currency operations. Accountants perform a range of fundamental accounting tasks, such as account review and reconciliation, journal and general ledger entries, and preparing financial reports on various subsidiaries; associate companies etc., of globally diversified organizations. Additional duties may include testing internal controls and basic cost accounting. (Entry-level position.)
These roles are ideal for CIMAs that have deep knowledge of statistics, data science, data extraction, and data visualization, in addition to their competence in management accounting. They are responsible for analyzing raw data in companies having multi-country and multi-currency operations, including non-financial data, to identify trends and insights that impact business decisions.
Professionals in this role typically report to the CFO or CEO of companies having multi-country and multi-currency operations. They are responsible for developing comprehensive strategies for growth across the entire portfolio of a company’s products and services across markets. Their duties include scanning the external business environment to determine organic grow potential as well as opportunities through mergers and acquisitions (M&A) activities.
CIMAs working the role of FP&A typically report to the CFO in companies having multi-country and multi-currency operations. They are responsible for finalizing and implementing corporate strategies that focus on profitability and cost containment. In addition, they ensure that strategic priorities and decisions are built into the planning processes across the company. Executives in this position will also play a central role in analyzing business cases for developing new markets, products, and services.
The Treasurer role has responsibility of managing cash operations, cash forecasts, lender relationships, and corporate stock plans in companies having multi-country and multi-currency operations. Typically, these positions report of the CFO, and CIMAs working this role are knowledgeable in financing and hedging strategies and lead communications with ratings agencies and external investors.
This senior leadership role typically reports to the CFO or CEO in companies having multi-country and multi-currency operations. The Controller manages a staff responsible for all financial reporting and accounting operations, including internal and external financial statements and regulatory reporting requirements. Additional priorities for Controllers include implementing internal control systems, evaluating the effectiveness of accounting systems, and monitoring business performance metrics. (Years of experience may vary.)
As a member of the senior leadership team, the CFO is a key advisor to the CEO. Priorities for the CFO include capital requirements for the entire business, sourcing and structuring corporate financing, maintaining relationships with lenders and investors, and evaluating merger and acquisition opportunities.
1. Fund Manager/Investment Manager/Asset Manager – (Key Leadership role)
Works like a CEO for the fund. Responsible for implementing a fund's investment strategy and managing its trading activities. They oversee mutual funds or pensions, manage analysts, conduct research, and make important investment decisions. Role Responsible for a complete asset management.
2. Fund Accountant
Works as accountant for portfolio of investments such as securities, commodities and/or real estate held in an investment fund such as a mutual fund or hedge fund. Delivering accurate and timely production and delivery of reporting to clients by ensuring efficient and accurate trade processing, NAV review, Corporate Actions processing, security valuation, financial statements production, query handling and other ad hoc reporting for funds.
3. Business Analyst – Fund Accounting/Investment Management
Working with investment management teams supporting the entire investment cycle including client screening, financial analysis, elaboration of investment proposals, monitoring investments, etc. Perform analysis of financial statements. Maintain client relationships by periodically requesting information and monitoring performance. Undertake country and industry research to support in the origination of investments. Interact with other stakeholders such as risk management, legal, auditors
4. Financial and Investment Adviser
Provides consulting and advice about an individual's or entity's finances. Financial advisors can help individuals and companies reach their financial goals sooner by providing their clients with strategies and ways to create more wealth reduce costs, or eliminate debts.
5. Audit Consultant (or Accountant) – Private Equity
Can work as independent Audit Consultant or as an accountant specialized in Private Equity Business. You can use the investment accounting expertise to focus on areas like fund organization and structuring, Valuations and FAS 157/ASC 820, Income, loss and carried interest allocations, Distribution computations, Financial statement preparation and disclosures, Specialized private equity services for SBICs and BDCs and custody audit
6. General Accounting – Treasury
Most of the roles are in the Corporate Finance Division of large conglomerate to manage the liquidity of a business. This means that all current and projected cash inflows and outflows must be monitored to ensure that there is sufficient cash to fund company operations, as well as to ensure that excess cash is properly invested.
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CIMA® is the world’s only twin-major and the most powerful qualification today for accountants! It takes only a few minutes to apply for CIMA® program and just a few months to complete it. With an all-inclusive package covering exam, up to 10-year CIMA® membership and life-long dashboard access. Earn the pride of belonging to the league of the best.