Associate, Compensation

6 months ago

Mumbai, India Ares Management Corporation Full time

Description

Ares is looking for an Associate to join the Human Resources team. The role will facilitate day to day transactions across the carried interest and equity platforms. This will include the processing of carried interest distributions, wire instruction and trust maintenance, as well as equity administration including system maintenance and reporting. The role will partner closely with colleagues within HR as well as with members of the Finance, Investment Operations and Tax teams. The successful candidate will be responsible for providing exceptional client service, promptly addressing all related queries and concerns, while streamlining and improving our Carried Interest and Equity processes to ensure best practices in a fast-paced rapidly growing environment. 

Reporting relationships

Reports to: Vice President, Compensation Administration

Primary functions and essential responsibilities

Specific responsibilities include, but are not limited to:

Develop comprehensive understanding of the broader business and the critical components of success to help create strategic enhancements alongside the HR and financial planning teams

Work collaboratively with other HR professionals and the broader finance team to review analytical findings and develop thoughtful, dynamic strategies and solutions

Carried Interest Administration:

Process, track and report on carried interest allocations, vesting schedules, distributions, and future valuations/forecast

Maintain allocations including forfeitures and reallocations

Coordinate and complete routine audits with Corporate Accounting

Participate in new system implementation

Equity Administration:

Assist with award activity across three separate plans including new awards, vesting events, forfeitures and accelerations

Process quarterly dividend equivalent calculations and payments

Generate communications related to new grants, vesting events, quarterly dividends and retirement eligibility

Complete routine audits with Payroll

Reconcile and perform audits related to equity transactions to ensure accuracy, timeliness, and quality control of data in the equity system

Develop reports on current practices and identify any potential exposure to the firm

Complete other related duties as assigned

Qualifications

Education:

Bachelor’s degree, preferably in business, economics, finance or accounting or related field

Certified Compensation Professional Certification preferred

Experience Required:

Minimum of 4 years of analytical or compensation experience, preferably within financial services industry; experience in asset management a plus

Experience with Workday and/or Compensation platform(s) preferred

General Requirements:

Experience with equity administration and/or carried interest

Experience with system administration

Strong technical skills with high proficiency in Excel and PowerPoint; experience with Access or other databases a plus

An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes

Ability to manage the tactical aspects of the Compensation role while being mindful of the strategic direction of the firm

Ability to successfully manage multiple priorities and competing demands

Ability to multi-task and prioritize deadlines; result oriented

Strong communication skills and team orientation; capability of interacting with key stakeholders to direct prioritization of Compensation-related activities

High accuracy and detail orientation

Good judgment in terms of escalating issues vs. solving problems independently

A demonstrated ability to research and leverage available resources to accomplish the task at hand

Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment

Ability to be flexible in terms of hours in order to coordinate with team members across various time zones

Dependable, great attitude, highly motivated and a team player

Ability to handle confidential information appropriately

Reporting Relationships

Principal, Compensation Administration

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.

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