Senior Associate, Diversified Property Accounting

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

Position Summary:

The Senior Accountant, Property will be an integral part of our Property Accounting Team and responsible for the day-to-day property accounting functions in addition to overseeing and mentoring junior team members. The ideal candidate will be enthusiastic, detail-oriented, comfortable with a team-oriented, high volume environment, able to multi-task, and able to think critically to ensure that key processes are effectively and efficiently completed.

Essential Duties:

• Maintain and oversee the accounting books and records of a property portfolio in accordance with policies and procedures.
• Manage and accurately record tenant billing and collections, accounts payable and the monthly closing process.
• Review and prepare yearly CAM reconciliations.
• Prepare monthly and quarterly portfolio wide analytics.
• Analyze each property’s respective lease agreements for appropriate billing and compliance.
• Oversee and manage one or more Property Accountants. Support and mentor Property Accountants to master role and responsibilities.
• Review monthly reports for each property. Includes analyzing monthly fluctuations and budget-to-actual variances and reconciling account balances to underlying supporting documentation and business activity.
• Communicate monthly results to Asset Management and Finance Departments.
• Prepare and review annual operating budgets for property portfolio. Includes coordination with Asset Management and Finance Departments and each property’s respective property management team for approval of operating budgets.
• Assist external reporting team with the preparation and review of reports filed with the Securities and Exchange Commission and with the Internal Revenue Service. Requires coordination with auditors and tax.
• Analyze loan agreements and coordinate with Finance Department to manage compliance with loan agreements.
• Assist with construction management which can include, monitoring jobs for completion, approving invoices and job set-up, job close-out and working with the development team on draw requests.

Required Knowledge, Skills & Abilities:

• This position requires a bachelor’s degree in Accounting or Finance demonstrating a strong academic record during undergraduate studies.
• Knowledge of accounting to record accounting entries, analyze and interpret information, and make deductions from varying facts and circumstances required.
• 3+ years of relevant experience in a high-volume environment preferred. 
• Experience with Yardi and Avid preferred.
• A motivated, detail-oriented individual with strong analytical and communication skills is required.
• The ability to multi-task in a highly dynamic environment and meet challenging deadlines is critical.
• Requires the ability to self-manage, independently exercise professional and technical judgement, problem solve and take initiative.
• An aptitude for Microsoft Office applications, including strong Excel skills required.

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.

$85,000 - $95,000

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, reprodu