Senior
Ares Operations India Private Limited · New York, New York
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Account for performance fees, management fees, investment income and related reconciliations for the firm.
Worth knowing: Role involves SEC reporting and SOX 404 compliance
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 team is responsible for all of Ares Management Corporation’s fee revenues including Management Fees, Performance Fees, Other Fees, Investment Income and related Placement Fee expense . 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 for Performance Fees , Management Fees, Investment Income and other fee st r eams : 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 for Ares investments portfolio across different asset classes including LP interests, debt, equity, and derivatives , including quarterly valuations. Responsibilities over agency fee allocations between management company and funds utilizing relevant investment reporting systems. Reconciling all fee and investment related balances on a timely basis for month and quarter end closes. Detailed analysis of fee and investment income and presentation of significant drivers and changes through clear and concise management reporting. Key partner for relevant stakeholders including Ares leadership, fund accounting colleagues, tax colleagues and investor relations.
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