Senior Associate, Fund Accounting - Co-Investments

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

The Corporate Finance team is seeking a Senior Associate to participate in a strategic initiative to develop, implement, and manage an operating plan for the Ares Employee Co-Investment Program (the “Employee Co-Invest Program”).The Employee Co-Invest Program facilitates the investment by Ares employees in Ares managed funds.The individual will have day-to-day operational ownership for numerous funds including, but not limited to, investor onboarding and relationship management, operations, reporting and servicing, and fund accounting responsibilities.

The role requires an individual who is a strategic thinker and able to collaborate with various cross-functional teams to understand the challenges and needs of stakeholders. This role will also be responsible for managing and continuously improving the data, reporting/insights, technology, and processes needed to deliver a seamless investor experience to our internal investors. Ideally, the candidate will have experience with investment accounting and/or investor portal implementations.

The candidate must be resourceful, innovative, forward thinking and committed.This is an entrepreneurial opportunity that will afford the candidate significant responsibility and the opportunity to help build and grow a successful team within a diversified platform.The candidate must be focused on continuous improvement in accuracy and timeliness of ongoing management financial and operational reporting.

Primary functions and essential responsibilities

• Assist in the coordination of new co-invest funds launch, including understanding fund structure and jurisdictions, coordination with various internal/external parties, review of draft legal documentation for reporting requirements, assisting in the setup of lines of credit, and overall investors and fund onboarding processes
• Must be a player-coach and effectively manage relationships with internal resources (both US and Mumbai based) and external providers i.e.: fund administrator(s)
• Contribute effectively to the innovation efforts for the structuring and implementation of a streamlined and centralized investor operations solutions
• Assist in coordinating and overseeing project plans, milestones, and updates to executive management
• Coordinate with third party banking/lender relationships and internal and external auditors to meet all monthly, quarterly, and annual reporting deadlines
• Manage debt facilities and review compliance reporting, as applicable
• Develop and oversee quarterly reporting deliverables and process in partnership with fund administrator(s)
• Prepare and review capital activity events, including cash analysis, capital call and distribution allocations, and investor notices
• Participate in the review quarterly NAV reconciliations with fund administrator(s)
• Participate in the review quarterly and annual GAAP financial statements and footnote disclosures
• Responsible for ad-hoc limited partner, analyst, and investment team requests
• Train, mentor, and integrate the LA & Mumbai teams
   

Qualifications

Education:

• BS/BA with major in Accounting, Economics or Finance, with outstanding academic record
• CPA, preferred

Experience Required:  

• 6+ years of relevant work experience
• Public accounting experience (Big 4 preferred)
• Ability to work in a fast-paced, high growth environment
• Ability to assist in managing several third-party relationships
• Strong understanding of U.S. GAAP
• Strong verbal and written skills; ability to analyze and summarize complex information both verbally and in writing
• Strong problem-solving and analytical skills
• Ability to multi-task and manage various deadlines
• Excellent organizational and interpersonal skills
• Investran, eFront, or other accounting software experience, a plus
• Sungard Dx, Intralinks, or similar investor portal implementation experience, a plus

General Requirements:

• Proven experience of collaborating with teams in remote locations to ensure efficiency, effectiveness and high level of supervisory oversight
• Strong proficiency in Excel, PowerPoint and Word (e.g.: complex formulas, macros)
• Experience with Power BI, Tableau or other business intelligence tools, a plus
• Excellent time management skills and ability to collaborate with others
• Superior communication skills and a demonstrated ability to create content to a diverse audience
• Strong client service orientation
• Outstanding leadership and project management capabilities
• Outstanding organizational skills with attention to detail
• 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

Compensation

$130,000 - $155,000

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.