Vice President, Ares Foundation Controller

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Vice President, Ares Foundation Controller Apply locations New York, NY Los Angeles, CA - Century City Denver, CO time type Full time posted on Posted 2 Days Ago job requisition  R5812Over 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

Ares Management Corporation (“Ares” or “the firm”) is looking for a professional to join the Ares Charitable Foundation (the “Ares Foundation) in New York, Los Angeles or Denver. The Ares Foundation is a 501(c)(3) qualifying organization of Ares that aims to accelerate economic equity and equality globally through strategic investments in career preparation and reskilling, entrepreneurship and personal finance. Established in 2021, the Ares Foundation executes philanthropy with the same rigor, discipline and entrepreneurial spirit that the firm brings to its investment activities and business operations.

The Ares Foundation acts in accord with the firm’s core values—to be collaborative, responsible, entrepreneurial, self-aware and trustworthy—by engaging in grantmaking and mission-aligned initiatives that strengthen the communities where Ares stakeholders live and work, and where the firm does business.

Ares seeks a Controller to maintain the Ares Foundation’s accounting policies, procedures and financial controls.

This individual will lead and direct the Ares Foundation’s accounting and financial reporting activities. They will maintain oversight and tracking of the Ares Foundation’s general ledger, accounting, billing and accounts payable. In addition, the individual will monitor and document revenues generated through individual and institutional donations to the Ares Foundation and lead audits as well as external and internal financial reporting.

They will report to the President of the Ares Foundation.

The successful candidate will have demonstrated experience in a nonprofit accounting and financial management, preferably as an Assistant Controller or a more senior position. They will possess excellent project management skills, including the abilities to manage and prioritize multiple assignments as well as meet deadlines. They will be detail-oriented, accuracy-focused, flexible and collaborative, and possess a process-improvement mindset.

Ares Philanthropy 2023 Annual Report

Specific responsibilities include, but are not limited to:

• Oversee all operational accounting activities of the Ares Foundation, including general ledger, cash and banking, expense and revenue accounting, billing and accounts payable, in a timely and accurate manner.
• Read, interpret and summarize each contribution and grant agreement for conditional provisions and restrictions.
• Ensure compliance with GAAP standards and regulatory requirements.
• Direct internal financial reporting activities, including to support quarterly presentations to the Ares Foundation Board of Directors.
• Direct external financial reporting activities, including to ensure dissemination of financial reports, e.g., financial statements, Form 990 and annual audits.
• Oversee billing to ensure the accurate and timely management of all accounts payable aging components to help manage cash flow, identify outstanding invoices, improve vendor relationships and increase organizational efficiencies.
• Support development activities, including donor solicitation, stewardship and retention activities, to facilitate regular, up-to-date reports on revenue generation.
• Identify, recommend, implement and maintain policies and robust internal controls and safeguards for all financial operation and reporting…