Senior Associate, Accounting

Overview

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.

Ares is looking for a Senior Associate to join the Digital Infrastructure accounting team. Ares is seeking an accounting professional to support and take initiatives across a range of accounting areas as Ares continues to increase in size and complexity. This role will be responsible for accounting for Ares Investments in the funds that we manage and the modernization of Ares’ investment process, including collection, transformation, recording, and reporting.

• Responsible for fund accounting for the Digital Infrastructure portfolio, including:
  • Accounting for capital activity, corporate actions, and valuations of investments in the Digital Infrastructure funds
  • Performing accounting research, reaching accounting conclusions around rechargeability of fund costs and other relevant areas - support of the business as required
  • Ongoing management of fund billing and cost allocations in coordination with Corporate Accounting team
  • Building good working relationships with other business functions, particularly portfolio management and investor relations

• Ownership for analyzing, solutioning and operationalizing best in class investment accounting and reporting practices, including:
  • Seeking end-to-end accounting and reporting with minimal manual intervention once securities are booked at point of entry
  • Ongoing support of new global development technology and Financial ERP implementations
  • Enhancing top-down dashboard reporting for management to be able to review, reference and absorb information quickly on the performance of the business

• Responsibility and support of the global development accounting function, including:
  • Coordination with regional teams in US, Japan, and UK for monthly close
  • Assisting with required asset reporting for tracking project status and cash flow forecasting

• Contributing to various special projects including capital transactions, acquisitions, and process improvements to improve overall group efficiencies

• Helping to automate other accounting and financial reporting requirements through employing available AI tools

• Support internal reporting requirements and other ad-hoc requests of various internal users including other finance and accounting teams, investor relations, and the front office.

• Other duties as assigned by management

Education:

• A Bachelor’s degree in Accounting, Finance, or a related field is required. An advanced degree is considered a plus.
• CPA or CA preferred.

Experience

• 4+ years of progressive professional experience in accounting.
• Public accounting experience preferred.
• Financial services experience is preferred. Exposure to investment management, fund accounting, and SEC reporting, is strongly preferred.
• Familiarity with Yardi Voyager and/or Procore solutions a plus.

• Strong organizational skills and attention to detail but can still see big picture.
• Passion to learn about the Digital Infrastructure business
• Ability to work independently in a fast-paced environment.
• Ability to identify and analyze problems and to develop an effective course of action; solution mindset.
• Excellent communication and writing skills.
• Desire to own issues and be accountable. Seeking a candidate with a strong desire for personal and professional growth.

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,…