Senior Associate, Corporate Accounting (Revenue and Investments team)

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 teamis responsible for all of Ares Management Corporation’s fee revenues including Management Fees, Performance Fees, Other Fees, InvestmentIncome and related Placement Feeexpense. 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 forPerformance Fees, Management Fees,InvestmentIncomeand other fee streams: 

• Accounting for carried interest allocations to the general partner, and associated employee incentive compensation programs (including taxes) under relevant accounting guidelines across multiple segments. 

• Performing accounting research, reaching accounting conclusions on classification of performance fee revenue under ASC 323 and ASC 606. 

• Accounting, reconciling, and analyzing management fee revenue earned on a quarterly basis. 

• Accounting forAres investments portfolioacross different asset classes including LP interests, debt, equity, and derivatives, including quarterly valuations. 

• Responsibilities over agency fee allocations between managementcompany and fundsutilizing relevant investment reporting systems. 

• Reconciling allfeeand investmentrelatedbalances ona timely basis for month and quarter end closes. 

• Detailed analysis offeeand investmentincome and presentation of significant drivers and changes through clear and concise management reporting. 

• Keypartner for relevant stakeholders including Ares leadership, fund accounting colleagues, taxcolleagues and investor relations. 

• Ensuringcontrol environment ismonitored and adhered to in compliance with SOX 404 program. 

•  Coordinating withSEC team and reviewing relevant quarterly documents and disclosures within the Ares Management 10-Q/K, Earnings Presentation, etc. 

• 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. 

• DirectingIT team to operationalize changes and efficienciesidentified. 

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

• Helping to automate other accounting and financial reporting requirements. 

• Support internal reporting requirements and other ad-hoc requestsof various internal users including other finance and accounting teams, investorrelations 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: 

• ABachelor’s degree in Accounting, Finance, or a related field isrequired. An advanced degree is considered a plus. 

• CPArequired. 

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 bigpicture. 

• Ability to work independently in a fast-paced environment. 

• Ability toidentify and analyze problems andto develop an effective course of action. 

• Excellent communication and writing skills. 

• Desire to own issues and be accountable. Seeking a candidate witha strong desire for personal and professional growth. 

Reporting Relationships

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.