Senior Associate, Investment Accounting (Alternative Credit)

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 experience, education, and other relevant qualifications specific to the role.

$125,000 - $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 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.