Senior Investment Accounting Specialist

4 weeks ago


London, Greater London, United Kingdom Ares Management Corporation Full time

Ares Management Corporation is seeking a highly skilled Associate Vice President to join its Investment Accounting (IA) team in London.

Job Description

The successful candidate will be responsible for analyzing and evaluating transactions, working closely with other parts of the firm to ensure deals are properly recorded by administrators. This includes monitoring investment data for accuracy, integrity, and consistency, as well as developing accounting and investment policies, and internal and external reporting.

The IA team is part of the global Investment Operations team within the Finance & Accounting Operations organization and has a presence in California, New York, London, and Mumbai. The team works closely with Front Office, Fund Accounting, FP&A, Operations, Compliance, and Portfolio Management to provide analysis of new/existing investments and daily profit and loss statements.

Key Responsibilities:
  1. Participate in investment committee, watch list, valuation, allocation, and strategy discussions.
  2. Assist in managing relationships and liaising with internal resources, offshoring resources, and external fund administrators to meet all deadlines.
  3. Track deals in the pipeline to identify any accounting, tax, or compliance concerns.
  4. Analyze credit terms, fee structures, and syndication mechanisms to ensure proper revenue recognition in accordance with accounting guidelines.
  5. Daily investigation of material profit and loss items and coordinate with third-party admins to correct any inconsistencies.
  6. Resolve and/or assist administrator and offshore team with investment-related discrepancies.
  7. Work with fund accounting teams to ensure that all investment accounting transactions are recorded in accordance with accounting standards and consult tax as necessary for complex transactions.
  8. Analyze results from complex financial accounting data and communicate results.
  9. Participate and implement the company's technological initiatives as it pertains to the investment process, including building and maintaining internal modeling and monitoring tools.
  10. Prepare monthly and quarterly investor deliverables and other ad-hoc reporting for investor relations, analysts, and portfolio managers.

Requirements:

  • Bachelor's Degree in finance/accounting required or relevant qualification.
  • CPA or CPA candidate preferred.
  • 5-7 years of relevant work experience with public/fund accounting or product control preferred.
  • Strong Microsoft Office skills required.
  • PowerBI/Tableau/Alteryx preferred.
  • Exposure to alternative assets, preferably credit instruments such as bank debt, bonds, structured products, and other fixed income products.
  • Knowledge of investment accounting and the investment lifecycle.

Benefits:

  • $150,000 - $200,000 annual salary, depending on experience.
  • Opportunities for career growth and professional development.
  • Collaborative and dynamic work environment.
  • Access to industry-leading technology and tools.
  • Flexible work arrangements and opportunities for remote work.


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