Ares Management
Website:
aresmgmt.com
Company:
https://www.linkedin.com/company/ares-management
Seniority: Not Applicable
Industries: Financial Services
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
PRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES
- Member of team focused on Fund Accounting, supporting Ares’ Employee Co-Invest funds.
- Ensure process and procedures are adequate to meet quality standards and are consistently applied and regularly reviewed.
- Work with and liaise with internal resources (primarily colleagues in the U.S.), external fund administrators, and external auditors to meet all monthly, quarterly and annual reporting deadlines.
- Perform monthly and quarterly close processes, including review work of external administrators, along with producing original workpapers and analyses.
- Review and/or reperform annual GAAP financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners.
- Produce cash flow projections and analyze daily cash management, including activity on credit lines, expected settlement timing of purchases and sales, and timing of capital calls and capital distributions.
- Monitor compliance with the Fund’s Limited Partnership Agreements and credit facilities, including the preparation or review of compliance reporting.
- Prepare and assist with ad-hoc limited partner reporting, analyst and front-office requests, working in conjunction with colleagues in Los Angeles and New York to ensure timely response to our investors
- Entry, management, and oversight of operations and accounting in eFront and other accounting systems
- Review and approval of expense activity
- Actively work on continuous improvement as we continue to build out the Ares India office.
Qualifications
- Approximately 3-5 years of relevant work experience
- Bachelors’ degree in related field (Finance or Accounting) from accredited institution
- Chartered Accountant or CPA license, preferred
- Strong understanding of U.S. GAAP
- Strong proficiency in Excel, PowerPoint and Word (e.g.: complex formulas, macros)
- Experience with Power BI, Tableau or other business intelligence tools, a plus
General Requirements
- Big-4 public accounting experience strongly, preferred
- Ability to work in a fast-paced, high growth environment
- Strong communication skills will be important; ability to analyze and summarize complex information both verbally and in writing with colleagues in the United States
- Ability to assist in managing several third-party relationships (outside administrators; custodians)
- Strong problem-solving and analytical skills; ability to multi-task and manage various deadlines
- Excellent organizational and interpersonal skills; attention to detail and timelines required
- Knowledge of private equity structures, fixed income securities, debt instruments, alternative investments, securitization, or other investment products preferred
- Proven experience of collaborating with teams in remote locations to ensure efficiency, effectiveness and high level of supervisory oversight
- Excellent time management skills and ability to collaborate with others
- Ability to successfully manage multiple priorities and competing demands; result oriented
- A solutions-oriented self-starter with the ability to see the big picture
- An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes
- A demonstrated ability to research and leverage available resources to accomplish the task at hand
- Good judgment in terms of escalating issues vs. solving problems independently
- Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment
- Energetic, self-motivated, and team-oriented approach; a zest for challenges in a fast-paced, dynamic environment – often under pressure to meet demanding deadlines
- Strong work ethic, an entrepreneurial spirit and a desire to learn
- Dependable, great attitude, highly motivated and a team player
- Highest degree of integrity, motivation and intellectual curiosity
Reporting Relationships
Vice President, Co-Investment
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.
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