Associate

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

Treasury Reporting:

- Responsible for daily and weekly capital availability and credit facility ineligible change analyses
- Responsible for weekly BUD file and borrower/availability comparison analyses
- Responsible for monthly portfolio related deliverables involving key stats, non-accrual and deal trackers, yield calculations, interest and fee variances, rollforwards, projections and other portfolio reporting needs
- Responsible for quarterly portfolio stats and performance analyses including trailing three month reports

Financial Reporting:

- Maintain monthly trial balance at the fund level utilizing MS Dynamics 365
- Rollforward of fund level financials in excel template to arrive at various metrics for presentation to management
- Will serve as backup for accounting associate/analyst as it relates to the following accounting functions:

- Fund Accounting Function Backup:

- Reconciliation of loan ledger to the GL daily and maintaining the daily cash reconciliation
- Daily preparation/posting of loan ledger and other adjusting entries into the general ledger
- (MS Dynamics 365)
- Maintaining the good faith deposit repository including responding to internal and external inquiries from business users and clients
- Setup and maintenance of client payoff accounting records regarding return of funds and reserve balances
- Daily reconciliation of foreign currency transactions
- Preparation of monthly supporting schedules to the financials in adherence with departmental policies and timelines
- Monthly financial analysis inclusive of variance analysis and commentary
- Accounts Payable Function Backup:

- Resolve vendor inquiries (i.e. payment status, remittance advice, etc.) and internal issues (i.e. system difficulties, processing errors, etc.) in a timely and professional manner owning the issue end-to-end
- Collaborate with on-shore and off-shore teams (Corporate Accounts Payable, Corporate Accounting, Fund Accounting, & Business Users) ensuring operational activities are executed flawlessly such as cash reconciliations, fund/deal confirmations, system support, and system reconciliations
- Responsible for accounts payable tracking and reconciliation via the COUPA A/P tool and other department tracking files and updating supporting schedules

Other:

- Responsible for integration of Jet Reports and Power BI into ACF Accounting workflow processes to produce streamlined user reports for management and other potential parties.
- Work with IT teams to streamline data submission and retrieval utilizing financial reporting systems
- currently being utilized by other Ares funds, as applicable and creating more efficient methods of gathering, sorting, accessing data
- Participate and contribute to regular review of overall processes and deliverables to improve effectiveness, efficiency, and accuracy and assist with documenting internal processes and controls on an on-going basis
- Assist in preparation of various management reporting decks, presentations and deliverables to Corporate
- Assist with supporting external audit and bank audit requests, as necessary
- Assist with filings and data submission to various external authorities, as necessary

Reporting Relationships

Fund Controller