Senior Associate, Corporate Accounting - Ares Management : Job Details

Over the last 20 years, Ares' success has been driven by our people and our culture. Today, our team is guided by our core values - Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy - and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry. Job Description Ares is looking for a Senior Associate to join the Revenue and Investment accounting team within Corporate Accounting. Ares is seeking an accounting professional to support and take initiatives across a range of accounting areas as Ares continues to increase in size and complexity. This role will be responsible for accounting for Ares Investments in the funds that we manage and the modernization of Ares' investment process, including collection, transformation, recording, and reporting. Primary functions and essential responsibilities

• Responsible for accounting for Ares investment portfolio, including:
  • Accounting for capital activity, corporate actions, and valuations of debt, derivatives, and limited partnership interests across a variety of different asset classes
  • Performing accounting research, reaching accounting conclusions
  • Detailed analysis of investment income and presentation of significant drivers and changes through clear and concise management reporting

• Ownership for analyzing, solutioning and operationalizing best in class investment accounting practices, including:
  • Seeking end-to-end accounting and reporting with minimal manual intervention once securities are booked at point of entry
  • Directing IT team to operationalize changes and efficiencies identified
  • Enhancing top down dashboard reporting for management to be able to review, reference and absorb information quickly
• Responsibility and support of other fee streams, including:
  • Managing placement fee payments to agents, ensuring accuracy with contractual arrangements and reconciliation of payable balances timely for quarter end
  • Building good working relationships with other business functions, particularly fund accounting and investor relations
  • Detailed analysis of placement fee expense and presentation of significant drivers and changes through clear and concise management reporting
• Contributing to various special projects including capital transactions, acquisitions, and process improvements to improve overall group efficiencies
• Helping to automate other accounting and financial reporting requirements

• Support internal reporting requirements and other ad-hoc requests of various internal users including other finance and accounting teams, investor relations and the front office.
• Other duties as assigned by management

Qualifications: Education:

• A Bachelor's degree in Accounting, Finance, or a related field is required. An advanced degree is considered a plus.
• CPA or CA required.

Experience:

• 4+ years of progressive professional experience in accounting.
• Public accounting experience preferred.
• Financial services experience is preferred. Exposure to investment management, fund accounting, and SEC reporting, is strongly preferred.

General Requirements:

• Strong organizational skills and attention to detail but can still see big picture.
• Ability to work independently in a fast-paced environment.
• Ability to identify and analyze problems and to develop an effective course of action.
• Excellent communication and writing skills.
• Desire to own issues and be accountable. Seeking a candidate with a strong desire for personal and professional growth.

Reporting Relationships Compensation The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role. $130,000 - $150,000 The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit. Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more. There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.