Job Opportunity
Controller – Fund Accounting
Ares Management Corporation | Los Angeles, CA
Job Summary
Day-to-day oversight of multiple funds with complex structures. BS/BA, with major in Accounting, Economics, or Finance. Ideally approximately 8+ years of relevant experience.
Details
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.
About the Role
The Ares Private Equity Finance team is seeking a Vice President to join its Los Angeles-based team. This role will report to a Principal on the Ares Private Equity Finance team.
The role requires flexibility as the scope will span traditional fund accounting duties (formal financial reporting and GAAP accounting), along with fund operational responsibilities, quarterly valuation review, and understanding/involvement in tax-related workstreams.
The ideal candidate would be resourceful, flexible, and balanced. The role can require frequent coordination between various groups, including the investment team, other finance departments, third party administrators, and colleagues working in different offices. Good teamwork and communication skills will be key for success.
This role will be working in frequent coordination with resources in our Mumbai office, as well as ongoing supervision of work being done by the third-party administrators.
* Reports to: Principal, Private Equity Finance
Primary Functions and Essential Responsibilities:
* Day-to-day oversight of multiple funds with complex structures
* Management of our quarterly reporting and annual GAAP reporting, including hands-on coordination and in-depth review of deliverables with our external administrators and our auditors such as management fees and waterfall calculations
* Assist in managing overall fund liquidity, including daily cash management and projections, investor capital calls and distributions, and day-to-day management of credit facilities with banks
* Oversight of tax-related workflows in coordination with the internal and external tax teams
* Ongoing support for investor inquiries and marketing materials for our upcoming fund launches
* Compliance reporting, including credit facility compliance and regulatory reporting
* Operational coordination with our investment operations team and performance team
* Management of certain expense processes, including compliance with the fund’s partnership agreements and management reporting
* Assist with implementation of new processes and procedures, including the onboarding of funds to an administrator, improvements in our expense processes, integration of new reporting systems, or expanding our coordination with offshore resources
* Coach and collaborate with colleagues in our Mumbai office
* Supervise work product of our external administrators
Qualifications:
Education
* BS/BA, with major in Accounting, Economics, or Finance
* CPA or CPA candidate preferred
Experience Required
* Ideally approximately 8 or more years of relevant experience
* Public accounting experience (Big 4) and/or relevant corporate/in-house experience strongly preferred
* Proficiency in Microsoft Excel required
* General experience with other accounting systems such as Geneva, Investran, etc., is desirable
General Requirements:
* Dependable, great attitude, highly motivated and a team player
* Zest for challenges in a fast-paced, dynamic environment
* Positive culture carrier for our team
* 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
* Ability to successfully manage multiple priorities and competing demands
* Strong time management and prioritization skills
* Analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes
* Strong customer focus
* High accuracy and detail orientation
* Confident decision-making skills
* Demonstrated ability to adapt to different audiences
* Attention to detail, balanced with common-sense practicality
* Strong problem-solving and analytical skills
* Good judgment in terms of escalating issues vs. solving problems independently
* Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment
* Strong work ethic and a desire to learn
* Ability to be flexible in terms of hours in order to coordinate with team members across various time zones
* Outstanding communication (written and verbal), presentation, documentation, and interpersonal skills
* Excellent communication skills
Click here for details on this job
- Job Reference #: R5710
- Compensation: $ 200,000
- Min Education: BA/BS
- Min Experience: 8 years