Senior Associate, Corporate Accounting

About this role

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 Ares is looking for a Senior Associate to join the Revenue and Investment accounting team within Corporate Accounting. The team is responsible for all of Ares Management Corporation’s fee revenues including Management Fees, Performance Fees, Other Fees, Investment Income and related Placement Fee expense. Due to significant growth in our business and fee streams we are looking to recruit an ambitious, diligent and analytical senior to help account for multiple fee revenue accounting streams and processes.

Primary functions and essential responsibilities • Responsible for accounting for Carried Interest: • Accounting for carried interest allocations to the general partner under relevant accounting guidelines – responsibilities would be specific to our Private Equity, Real Assets and Secondaries and Other business lines. • Performing accounting research, reaching accounting conclusions on classification of performance fee revenue under ASC 323 and ASC 606. • Reconciling all carry balances on a timely basis for month and quarter end closes. • Detailed analysis of performance fee income and presentation of significant drivers and changes through clear and concise management reporting. • Key partner for relevant stakeholders including Ares leadership, fund accounting colleagues, tax colleagues and investor relations. • Ensuring control environment is monitored and adhered to in compliance with SOX 404 program. • Responsible for accounting for associated employee incentive compensation programs including associated taxes.

• Responsibility and ownership of multiple other fee streams: • Responsibilities over agency fee allocations between management company and funds utilizing relevant investment reporting systems. • Accounting, reconciling, and analyzing management fee revenue earned.

• Ownership for analyzing, solutioning and operationalizing best in class accounting practices, including: • Assessing and documenting current state and working with other parties and peers to benchmark against best practices. • Seeking end-to-end accounting and reporting with minimal manual intervention. • Directing IT team to operationalize changes and efficiencies identified.

• 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. • 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. Clear growth path through other revenue stream ownership as mastery of assigned work is displayed.

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

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.

General Requirements: • Strong organizational skills and attention to detail but can still see big picture. • Ability to work independently in a fast-paced environment. • Ability to identify and analyze problems and to develop an effective course of action. • Excellent communication and writing skills. • Desire to own issues and be accountable. Seeking a candidate with a strong desire for personal and professional growth.

Reporting Relationships Senior Manager Compensation 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, education, and other relevant qualifications specific to the role.

$120,000 - $140,000

The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.

Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.

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.

Similar jobs

• Senior Manager, Corporate Accounting — Anthropic · San Francisco, CA | Seattle, WA
• Senior Associate, Corporate Tax — Aresmgmt · New York, NY
• Senior Analyst, Corporate Accounting — Catalent · Bridgewater, NJ
• Sr. Manager, Corporate Accounting — Iconcareers · Austin, Texas, United States
• Senior Associate, Private Equity Accounting — SS&C Technologies · New York, NY
• Senior Accountant, Corporate — Blinkhealth · New York, NY; Pittsburgh, PA
• Associate Vice President, Corporate Accounting — Aresmgmt · Los Angeles, CA - Century City | New York, NY
• Senior Associate, Fund Accounting — Aresmgmt · New York, NY | Los Angeles, CA - Century City