Associate Vice President, Real Estate Fund Accounting

Primary areas of focus for our Real Estate Group equity teams include Value-Add and Opportunistic strategies. Our European value-add strategy focuses on under managed and under-funded income-producing assets, including multifamily, office, industrial, and mixed-use retail properties across Western Europe. Our European opportunistic real estate strategy capitalizes on increased investor demand for developed and stabilized assets by focusing on the repositioning of asserts, capitalization of distressed and special situations, and development of core-quality assets across all major property types including multifamily, office, retail, and industrial properties throughout Europe.

In addition, for Real Estate Debt teams focus is on originating, core senior loans backed by proven sponsorship and secured by commercial real estate predominantly located in the major cities in US and Europe, through various Core Real Estate Debt Funds and SMAs, generating both levered and unlevered returns for the investors. Context for Role:
Reporting to a Senior Fund Controller and joining a team of finance professionals based in London, Luxembourg and India. The individual will be expected to build strong working relationships across the European Real Estate operation (deal team, service providers) and the wider Ares business groups. The role will have a broad remit to oversee specific areas of responsibility for certain functions, depending on their level of skills and experience, as the Real Estate Group is looking to implement more technology to assist in automation and standardization (data and processes) in order to capture and analyse property, financial and performance level data.

F&A Team Key Functions:
Financial Reporting and Management

• Oversee and manage fund service providers (administrators, depositaries, banks) to ensure performance is in line with agreed service levels
• Liaise with a wide range of internal stakeholders and external service providers to ensure the quality and timely flow of financial data
• Oversee calculation of property performance, AUM, NAV, management fees, performance fees.
• Support preparation of financial statements, investor reports, capital statements, presentations, questionnaires, and Management Co. reports feeding into Ares public filing
• Provide deal support, including financial analysis and execution of deal cashflows
• Monitor cash and manage cash distribution process
• Allocate and review costs and expense recharges
• Manage audit and tax reporting processes
• Maintain fund dashboard and manage track record
• Review capital call and distribution notices and cash allocation schedules
• Prepare and review due diligence questionnaires, and presentations for fundraising

• Review of tax structuring paper in advance of acquisition
• Review acquisition / sale completion accounts
• Ensure acquisition accounting is accurately reflected in SPV / Propco accounts
• Engage service providers including local auditors
• Oversee property level and investment structure (SPV) level audits
• Review financial statements for several investment structure SPVs, and oversee ongoing accounting
• Review property level reporting from property managers, asset managers, and JV partners
• Review budgets prepared by joint venture partners and agree funding's / distributions
• Liaise with deal team to ensure agreement of fundings / distributions
• Review capital activity documentation including drawdown and repayment notices on financing instruments, dividend declarations, and board meeting minutes and shareholder resolutions

• Contribute to the valuation process, calculation of gross to net adjustments and preparation of valuation committee materials
• Support investment decision process by maintaining fund models, proving scenario/sensitivity analysis, key property and financial metrics and KPIs
• Support budgeting and forecasting process with calculation of management fees and carried interest, and projected fund performance
• Support risk management processes with qualitative and quantitative fund data

• Cash management, including oversight of fund reserves and cash requirements.
• Manage fund level debt facilities (drawdowns, repayments, covenants, extensions)
• Manage FX risk (implement credit lines, scenario analysis, trade instruction and monitoring) Strong academics, preferably degree from a top tier university and a qualified ACA/ACCA/CIMA
• 4-7 years PQE, with real estate private equity experience
• Strong financial/analytical and…