What are the responsibilities and job description for the Senior Associate, Fund Accounting (Co-Investment Team) position at Ares Management Corporation?
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)
- 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
- Supervises : Mumbai based team members of 1-3 individuals
Qualifications
Education :
Experience Required :
General Requirements :
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.
135,000 - $155,000
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 more.
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.
Salary : $135,000 - $155,000
