Associate, Investment 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

PRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES:
Primary responsibility will be to prepare transaction analysis memos for Private Credit and Private Equity deal flow (originations, exits and restructures) to ensure proper accounting in accordance with the accounting policy. Other responsibilities include, but are not limited to:
- Analyze credit terms, fee structures and syndication mechanisms to ensure proper revenue recognition in accordance with accounting policy
- Review admin bookings to ensure consistent with transaction analysis memos
- Daily investigation of material profit and loss items, performing Product control checks and coordinate with third party admin to correct any inconsistencies
- Maintenance of certain data fields
- Assist with new systems implementation and cut over from current to new accounting system by reconciling data between the systems

QUALIFICATIONS

Education: - Bachelor’s degree in finance or accounting required - Chartered Accountant preferred

Experience Required:

- 3-6 years of relevant work experience (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

General Requirements:

- 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 mínimal 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
- An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes
- Able to pick up and work with new technology solutions (Power BI, multiple Excel add ins, SharePoint. Etc.)
- Flexibility regarding role profile and willingness to take on new projects and learn new skills
- Ability to handle confidential information appropriately
- Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment
- Good judgment in terms of escalating issues vs. solving problems independently
- Ability to be flexible in terms of hours in order to coordinate with team members across various time zones

Reporting Relationships

Associate Vice President, Investment Accounting