Senior Associate, Global Expense Allocation Team Processor
Ares Wealth Management Solutions
New York City, NY
Permanent
Full-time
2 months ago
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 DescriptionAres is searching for a highly motivated, detail-oriented team player to join the Ares Corporate Finance & Accounting team based in the Los Angeles.In this role, you will engage key partners, including Portfolio Management, Legal, Compliance, Finance, and external service providers to ensure accurate expense allocation and payment processing for our investment funds.The successful candidate would be detailed oriented with the drive to be both accurate and efficient. You thrive in fast-paced environment with the ability to effectively manage the needs of multiple stakeholder groups. You can turn concepts into action and drive results which will mean you have an excellent balance of analytical, technical and communication skills. You have a willingness and ability to drive change in a growing organization to streamline processes and improve efficiency to facilitate that growth. This individual should have a strong desire to deliver excellent customer service with the ability to be proactive and anticipate the needs of the business and react accordingly.Accurately calculate expense allocation across funds and assign appropriate accounting treatment, including the following:
Understand our various Fund expense and allocation policies
Apply allocation policy to calculate expense allocations accurately
Understand private fund structures
Take ownership and address expense-related inquiries from internal and external clients
Assist in technology builds to automate expense allocation and accounts payable functions further
Effectively communicate with key stakeholders (Legal, Compliance, Portfolio Managers, Fund Accounting, etc.) to resolve issues/questions
Provide support and analysis to other ad-hoc projects & initiatives as directed by department manager.
Education:
Minimum of a Bachelor’s Degree in Finance, Accounting, or similar
Experience Required:
4-6 years of overall experience
1-3 years of fund accounting experience is a plus
1-3 years of compliance experience is a plus
Prior use of expense management systems is preferred
Background & understanding of Legal and Compliance policies and procedures is preferred
Experience using ERP packages (SAP, Oracle Fusion, Peoplesoft etc.) is a plus
Experience being on a project team implementing new technology and/or enterprise level process change is a plus
General Requirements:
Good working knowledge of Excel
Understanding of complex allocation methodologies and Private Equity investment manager accounts payable functions
Analytical and problem-solving skills with ability to understand the implications for the wider enterprise.
Excellent communication and presentation skills with the ability to influence stakeholders at all levels of the organization
A self-starter with the ability to work on own initiative.
Detail oriented and high degree of accuracy
Reporting RelationshipsCompensationThe 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.$0.00 - $0.00The 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.
