Job Description
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Responsible for accounting for Management fees, multiple other fee streams (Administrative Fees, Other Property related fees):
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End to end accounting for assigned fee types and business segments – cash bookings to quarter end revenue recognition, reconciliations
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End to end accounting for various rebates or offsets given to Investors or Funds
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Determining accounting treatment, getting Fusion set ups for subledger accounting for newly launched Funds / any new fee types received
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Detailed QoQ variance analysis for reviews of Sr. Mgmt at quarter end
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Detailed forecast analysis along with forecast versus actuals variance analysis
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Responsibilities over agency fee allocations between management company and funds utilizing relevant investment reporting systems.
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Responsible for managing end to end time certification process which involves partnering with relevant stakeholders including Fund accounting teams, external and internal IT team, Ares leadership etc.
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Supporting for accounting for Carried Interest:
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Supporting for accounting for associated employee performance fees compensation programs including associated taxes accruals
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Fx clearing associated with compensation payouts
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Supporting accounting for Management Co’s Investment related activities:
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Processing Capital Call and Distribution notices
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Accounting for realizations related to all Investment related activities
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Liasing with the Fund Accounting Team and Accounts Payables team to ensure capital call funding timelines are met
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Contributing to various special projects including acquisitions, and process improvements to improve overall group efficiencies.
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Helping to automate other accounting and financial reporting requirements.
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Support internal reporting requirements and other ad-hoc requests of various internal users including other finance and accounting teams, auditors, etc.
Education:
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Qualified Chartered Accountant with 3-4 years of experience. An advanced degree is considered a plus.
Experience:
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3 - 4 years of progressive professional experience in accounting.
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Public accounting experience preferred.
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Financial services experience is preferred. Exposure to corporate accounting, investment accounting, fund accounting, and SEC reporting is preferred.
General Requirements:
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Strong organizational skills and attention to detail but can still see big picture.
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Ability to work independently in a fast-paced environment.
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Ability to identify and analyze problems and to develop an effective course of action.
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Excellent communication and writing skills.
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Desire to own issues and be accountable. Seeking a candidate with a strong desire for personal and professional growth.
Reporting Relationships
Senior Manager, Corporate Accounting
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.
