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 currently seeking a Senior Associate for the Investment Accounting (IA) team in our New York office. This individual will work primarily on Alternative Credit transaction review. They will be responsible for monitoring a pipeline of deals to evaluate each for specific accounting, tax, compliance and legal concerns, preparing transaction analysis summaries for each deal which notate internal rationale for accounting treatment and ultimately ensuring deals are properly recorded in the accounting system (Geneva).

The Investment Accounting team is part of the global Investment Operations team within the broader Finance & Accounting Operations organization and has a presence in California, New York, London and Mumbai. The team is responsible for the firmwide analysis of new/existing investments and daily profit and loss, development of accounting /other investment policies as well as internal/external reporting and works closely with Fund Accounting, FP&A, Operations, Compliance, Portfolio Management, Middle Office, and Front Office.

Primary functions and essential responsibilities

• Participate in weekly investment committee, watch list, valuation, allocation and strategy discussions

• Track deals in the pipeline to identify any accounting, tax or compliance concerns

• Analyze credit terms, fee structures and syndication mechanisms to ensure proper revenue recognition in accordance with GAAP

• Participate and implement the company’s technological initiatives as it pertains to the investment process including building and maintaining internal modeling and monitoring tools

• Maintenance of certain data fields specific for Alt Credit

• Prepare monthly and quarterly investor deliverables and other ad-hoc reporting for investor relations, analysts, and portfolio managers.

• Daily investigation of material profit and loss items and coordinate with third party admin to correct any inconsistencies

Qualifications

Education:

• Bachelor’s Degree in finance or accounting required

• CPA or CPA candidate preferred

Experience Required:  

• 5-7 years of relevant work experience with public/fund accounting or product control preferred

• Strong Microsoft Office skills required

• PowerBI/Tableau/Alteryx preferred

• Exposure to alternative assets, preferably credit instruments such as bank debt, bonds, structured products and other fixed income products

• Knowledge of investment accounting and the investment lifecycle

Experience Desired:

• Dependable, great attitude, highly motivated and a team player

• A self-directed individual with a can-do attitude, willing to work in an energetic, collaborative and fast-paced environment, proactive in nature, and a proven ability to learn quickly, display flexibility and adaptability while resolving issues with minimal supervision

• Strong sense of ownership and accountability

• Strong problem-solving and analytical skills

• High accuracy and detail orientation; confident decision-making skills

• Excellent organizational and interpersonal skills

• Outstanding communication (written and verbal), presentation, documentation, and interpersonal skills; strong customer focus

• Ability to successfully manage multiple priorities and competing demands; strong time management and prioritization skills

• Able to pick up and work with new technology solutions (Power BI, multiple Excel add ins, SharePoint. Etc.)

• Ability to handle confidential information appropriately

Reporting Relationships

Vice President, Investment Accounting

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 experienc