What are the responsibilities and job description for the Vice President, Tax Counsel position at Ares Operations LLC?
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 seeking a new Tax Counsel to join the Global Credit Tax team in New York. The Tax Counsel will support the global credit businesses with a focus on alternative credit strategies. Additional responsibilities may include Ares Asia funds, insurance funds and certain strategic partnerships. This role will work closely with deal team, as well as various functional groups including Legal, Investor Relations, Finance & Accounting, Operations. The Tax Counsel must be an excellent written and verbal communicator as well as possess strong presentation and time management skills. Experience with a broad range of fund structures and tax transactional work is a must.
REPORTING RELATIONSHIPS
Reports to: Partner, Head of Tax Structuring, Global Credit & Mgmt Co
PRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES
Advise the deal team and provide transaction support on tax structures for potential investment opportunities and tax consequences on Ares fund entities and investors
Collaborate with outside counsel and review and comment on tax aspects of a variety of deal agreements
Provide tax support to fund structuring and fundraising process
Review and comment on marketing materials and other communications with existing and potential investors
Advise the Finance, Accounting & Operations team on tax aspects of fund investments and restructures
Advise the tax reporting team on questions from the tax compliance process
Prepare tax training materials and presentations for teach-ins
Additional projects as needed.
QUALIFICATIONS
Experience Required:
5-10 years of experience at a top-tier law firm or in-house within a corporate or investment management legal or tax department.
Investment management industry experience appreciated.
Experience in tax practice areas for M&A, financing and fund formation
Strong transactional tax experience, especially in cross-border tax planning, structured products, real estate transactions, joint venture
Active member of the New York Bar.
General Requirements:
Excellent interpersonal, written and verbal communication skills, presentations skills and time- management skills.
Must be able to work independently and be a problem-solver
Must possess strong integrity and professionalism.
Ability to balance multiple tasks with competing and changing priorities.
Proficient in Microsoft Office Suite.
COMPANY DESCRIPTION
Ares Management Corporation (“Ares” or the “Firm”) is a publicly traded, leading global alternative asset manager with approximately $179 billion of assets under management ("AUM") and over 1,445 employees. We seek to deliver attractive performance to our investor base across our investment groups and strategies, including credit, private equity and real estate. The firm is headquartered in Los Angeles with offices across the United States, Europe, Asia and Australia. Our common stock is traded on the New York Stock Exchange under the ticker symbol "ARES".
Ares Management LLC (together with its related operating and administrative subsidiaries, “Ares Management”) is an Equal Employment Opportunity employer and considers all applicants for employment without regard to race, color, religion, ethnicity, creed, sex, age, national origin, alienage or citizenship status, disability, medical condition, pregnancy, marital status, partnership status, sexual orientation, status regarding public assistance, military or veteran status, domestic violence victim status, gender identity and expression, transgender status, genetic information, status as unemployed, political affiliation or any other characteristic protected by federal, state or local law.
Ares Management will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Fair Chance Initiative for Hiring Ordinance.
Ares is committed to fostering, cultivating and preserving a culture of diversity and inclusion. Our human capital is the most valuable asset we have. We embrace and encourage our employees’ and our candidates’ differences and diverse characteristics.
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.
$270,000 - $300,000
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 : $270,000 - $300,000
