Assistant Controller, Real Estate Debt

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 Management is seeking an Assistant Controller/Associate Vice President (AVP) for our Real Estate Debt Finance - Accounting team.

The AVP will be responsible for day-to-day accounting and oversight of publicly traded mortgage REIT and private real estate debt funds. 

PRIMARY FUNCTIONS AND ESSENTIAL RESPOSIBILITIES

• Manage the daily accounting for a NYSE listed public company and private real estate debt funds
• Assist in managing relationships and liaise with internal resources, offshoring resources, external fund administrator(s), and external auditors to meet all monthly, quarterly and annual reporting deadlines
• Work with and manage account relationship with external banks and lenders
• Assist with preparation of quarterly and annual SEC filings for a NYSE listed public company
• Participate and contribute to regular review of overall processes and deliverables to improve effectiveness, efficiency and accuracy including the use of new technology
• Oversee and review monthly/quarterly/annual NAV reconciliations with fund administrator
• Assist with debt compliance reporting
• Review of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners
• Assist with preparation of quarterly and annual reporting requirements to investors for private real estate debt funds
• Prepare/maintain cash flow projections and daily cash management, including any LP capital activity (ie: capital calls/subscription and distribution/withdrawal calculations)  
• Prepare and assist with ad-hoc limited partner, capital markets, investor relations and front-office requests
• Various special projects/reports for both internal and external use

Education/Certification:

• Bachelor’s Degree required
• Licensed CPA (or candidate for licensure) preferred.

Experience Required:

• At least 7 plus years of relevant professional experience including public accounting (Big 4 preferred) and/or fund accounting experience
• Real estate G/L system knowledge a plus
• Advanced Excel experience strongly preferred

Requirements:

• Ability to work independently in a fast-paced, high growth environment.
• Dependable, great attitude, highly motivated, team player and strong work ethic.
• Ability to assist in managing several third party relationships.
• Strong understanding of business and accounting principles (US GAAP)
• Excellent verbal and written skills; ability to analyze and summarize complex information both verbally and in writing.
• Strong problem-solving and analytical skills.
• Excellent Excel skills (to build models, templates, building macros/pivot tables).
• Ability to multi-task and prioritize/manage deadlines.
• Excellent organizational, and interpersonal skills.

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.

$120,000 - $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