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
The Infrastructure Debt Division invests into subordinated debt investments through pooled closed end fund vehicles, through its established Infrastructure Debt Fund “IDF Series”.
We manage investments globally predominantly in the US, Canada, Europe and Australia. The investors in the closed end funds are institutional investors from Asia, Middle East, Europe, US & Canada. The Senior Associate role sits within the Ares Infrastructure Debt Accounting Team which is currently a team of 10 people in New York, Syndey and Mumbai, reporting into the Chief Accounting Officer – Infrastructure based in New York.
The Senior Associate is responsible for supporting the IDF strategy and providing support to other team members across the infrastructure debt finance platform.
Primary functions and essential responsibilities
- Participate in and actively lead the continuous development and improvement of business processes and systems to ensure efficient and effective management of processes, operational risk and key clients (both internal and external).
- Explain the impact of accounting issues and key processes to external clients
- Preparation of the Quarterly performance reports for Infrastructure debt funds
- Provide support to the IDF Finance Team
- Review the preparation of the Funds annual statutory financial statements to ensure they are accurate and prepared in accordance with applicable accounting standards
- Review the Funds’ annual income tax returns and liaise with external tax advisor
- Ensure all accounting, taxation, compliance and regulatory reporting requirements of the Fund & investors are delivered on time & accurately
- Assist investment team in the acquisition and repayment of assets, facilitate new product / structure establishment
- Ensure complete understanding and adherence to mandate and regulatory requirements for all Funds
- Ensure compliance with the organisation’s policies and procedures
- Contribute to the scoping, designing and developing of efficiencies and improvements
- Provide support in developing and maintaining a continuous improvement mindset in improving efficiency and eliminating risks to the business created through non-adherence to policies and procedures
Qualifications
Education:
- Bachelor’s in commerce, business, finance or accounting
Skills and Abilities Required:
- Strong team player with stakeholder management skills
- Planning skills with strong outcomes focus
- Project management skills and ability to work on multiple projects while adhering to strict deadlines
- High level of business acumen
- Ability to work under pressure and deadlines
- Ability to work autonomously within a team environment
- Accounting experience (minimum 5 years+), robust technical skills in financial reporting and tax
- Prior exposure to Private Equity / Infrastructure transactions and structures, international funds, or funds management is preferred
Reporting Relationships
Compensation
The 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.
$125,000 - $150,000
The 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.
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.
