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 seeking a Vice President to join the Finance and Accounting (F&A) team, specifically to support funds and fund reporting for the strategic partnerships team. The role will be responsible for day-to-day oversight of multiple funds, including providing accurate, timely, cohesive and consolidated financial and performance reporting to stakeholders. Relevant fund products span a variety of complex fund products including fund-of-fund structures and other custom structures. This is a formative role within a new team that is being built out, working very closely with the Principal. Therefore strong commitment, integrity, collaboration and relational skills are essential to effectively recruit, train and develop a cohesive team based both in the US and Mumbai.

Ares is a flat, flexible, and dynamic organization. The firm fosters a culture of collaboration, diligence, entrepreneurialism, integrity and partnership, both internally amongst colleagues and externally amongst clients and other stakeholders. The Ares team operates with a growth mindset, communicates transparently, and cultivates a high-performance and results-oriented environment.

Primary Responsibilities

Day-to-day hands-on oversight of fund operations, fund reporting and investor reporting. Fund structures may include fund-of-fund structures, joint ventures, closed-ended and open-ended structures, domiciled in various countries including the U.S., Cayman Islands, Luxembourg and Netherlands.
Provide clear overall direction and support to team, to ensure synchronized teamwork across regions, that accomplishes monthly, quarterly and annual financial and operational goals and objectives.
Provide an escalation framework and help the different regions work as extension of the same team
Particularly during the launch-phase of the team, will require hands-on production, detail-orientation and critical thinking, as well as productive and effective coordination with external fund administrators, other F&A/internal teams.
Actively seek to understand the vision of the Partner and Principal for the team and work closely together to build out a team of up to 5 people, in both the US and Mumbai. This includes active involvement in the recruiting process, developing training program/materials and effectively training across time zones and geographies, and embodying the firm’s and team’s culture.
Lead, train, support and supervise the team in day-to-day functions, and foster environment of teamwork, collaboration, integrity, self-awareness, diligence, ownership and accountability.
Investor reporting may include consolidation of financial, performance, fee, LP-level, and holdings information spanning various funds across the Ares platform, including funds overseen by other F&A teams, which requires active ownership and constructive coordination across teams.
Assist in managing relationships and liaise with teams across the organization, including other F&A teams, operations, tax, legal, investor relations, investment professionals, as well as external fund administrator(s), and external auditors to meet all monthly, quarterly and annual reporting deadlines
Actively participate in new fund launches, including understanding fund structure and jurisdictions, coordination with various internal/external parties for operational setup, review of draft legal documentation for reporting requirements/fee structures/etc., and managing resourcing
Actively contribute to team objectives, including continuous improvements for efficiency, standardization and documentation of processes from risk-based perspective, and experimenting with different technology for automation of processes.
Oversee and review monthly/quarterly NAV reconciliations with fund administrator(s)
Review monthly and quarterly reporting to investors and/or other stakeholders
Manage debt facilities and monitor compliance, including responsibility for applicable compliance reporting
Monitor compliance with each funds’ legal/governing agreements, including responsibility for applicable compliance reporting
Review of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds
Prepare and/or review calculation of management fees and performance fees
Review/ prepare performance reporting, including IRRs, TWRs with focus on automation
Compile data for and review regulatory compliance filings, including Form ADV, Form PF, AIFMD Filings, Form SLT, etc
Produce cash flow projections and analyze daily cash management, including activity on credit lines, expected settlement timing of purchases and sales, and timing of LP capital calls and capital distributions.
Responsible for ad-hoc requests from investors and other stakeholders
Responsible for the collation of information provided to the tax team for quarterly tax estimates and annual tax returns
Review and monitoring of fund expenses, including establishing a budget, and the approval and payment of expenses and related wires as governed by fund documents and firm policy.

Education

Bachelor’s Degree required
Licensed CPA (active or inactive) preferred

Experience Required

10+ yrs relevant experience
Broad investment accounting experience across alternatives strategies (ie: private equity, credit, real assets and partnership interests)
Broad fund structure exposure, in particular closed-ended funds and fund-of-funds structures.

General Requirements

Excellent communication skills, to effectively collaborate with IR, legal, compliance, etc
Geneva and Power BI highly preferred

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.

$160,000.00 - $250,000.00

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.

Ares Management Corporation

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