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 an Associate to join our Investment Accounting Data & Reporting team in Los Angeles. The successful candidate will join a growing team and work primarily on investment reporting and product control. This involves daily monitoring of asset level P&L and transactions, alongside creating and maintaining effective policies, procedures, and controls surrounding the investment accounting processes to ensure accuracy of reporting. Another integral part of the role will be client reporting: liaising with IR to onboard new clients to our reporting system and analyzing investment activity to assist in client inquiries. This role will also help with monthly and quarterly deliverables, internal reporting needs and the analysis of period over period flux.

The Investment Accounting team is part of the global Investment Operations team within the broader Finance & Accounting Operations organization and has a presence in California, New York, London and Mumbai. The team is responsible for the firmwide analysis of new/existing investments and daily profit and loss, development of accounting /other investment policies as well as internal/external reporting and works closely with Fund Accounting, FP&A, Operations, Compliance, Portfolio Management, Middle Office, and Front Office.

Specific responsibilities include, but are not limited to:

• Participate and implement the company’s technological initiatives as it pertains to the investment process, including building and maintaining internal modeling and monitoring tools
• Assist in managing relationships and liaise with internal resources, offshoring resources, external fund administrator(s) to meet all reporting deadlines
• Prepare monthly and quarterly investor and regulatory deliverables and other ad-hoc reporting for investor relations, analysts, and portfolio managers.
• Assist in creating new client reporting templates and establishing parameters for report
• Daily investigation of material profit and loss items and coordinate with third party admin to correct any inconsistencies
• Assist with system implementations and upgrades; implement new workflows and processes

Qualifications

Education:

• Bachelor’s Degree in finance or accounting required
• CPA or CPA candidate preferred

Experience Required:

• 2-4 years of relevant work experience
• Exposure to alternative assets, preferably credit instruments listed below:
• Experience with bank debt, bonds, CLO equity, structured products, and other fixed income products
• Working knowledge of investment accounting and the investment lifecycle
• PowerBI/Alteryx experience preferred
• Strong Excel skills

General Requirements:

• A self-directed individual with a can-do attitude, willing to work in an energetic, collaborative and fast-paced environment, proactive in nature, and a proven ability to learn quickly, display flexibility and adaptability while resolving issues with minimal supervision
• High accuracy and detail orientation
• Strong verbal and written skills; ability to analyze and summarize complex information both verbally and in writing
• Strong sense of ownership and accountability
• Strong problem-solving and analytical skills
• Flexibility regarding role profile and willingness to take on new projects and learn new skills
• Able to pick up and work with new technology solutions

Reporting Relationships

Vice President, Investment Accounting

Compensation

$105,000 - $125,000

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.