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
Treasury Reporting:
Responsible for daily and weekly capital availability and credit facility ineligible change analyses
Responsible for weekly BUD file and borrower/availability comparison analyses
Responsible for monthly portfolio related deliverables involving key stats, non-accrual and deal trackers, yield calculations, interest and fee variances, rollforwards, projections and other portfolio reporting needs
Responsible for quarterly portfolio stats and performance analyses including trailing three month reports
Financial Reporting:
Maintain monthly trial balance at the fund level utilizing MS Dynamics 365
Rollforward of fund level financials in excel template to arrive at various metrics for presentation to management
Will serve as backup for accounting associate/analyst as it relates to the following accounting functions:
Fund Accounting Function Backup:
Reconciliation of loan ledger to the GL daily and maintaining the daily cash reconciliation
Daily preparation/posting of loan ledger and other adjusting entries into the general ledger
(MS Dynamics 365)
Maintaining the good faith deposit repository including responding to internal and external inquiries from business users and clients
Setup and maintenance of client payoff accounting records regarding return of funds and reserve balances
Daily reconciliation of foreign currency transactions
Preparation of monthly supporting schedules to the financials in adherence with departmental policies and timelines
Monthly financial analysis inclusive of variance analysis and commentary
Accounts Payable Function Backup:
Resolve vendor inquiries (i.e. payment status, remittance advice, etc.) and internal issues (i.e. system difficulties, processing errors, etc.) in a timely and professional manner owning the issue end-to-end
Collaborate with on-shore and off-shore teams (Corporate Accounts Payable, Corporate Accounting, Fund Accounting, & Business Users) ensuring operational activities are executed flawlessly such as cash reconciliations, fund/deal confirmations, system support, and system reconciliations
Responsible for accounts payable tracking and reconciliation via the COUPA A/P tool and other department tracking files and updating supporting schedules
Other:
Responsible for integration of Jet Reports and Power BI into ACF Accounting workflow processes to produce streamlined user reports for management and other potential parties.
Work with IT teams to streamline data submission and retrieval utilizing financial reporting systems
currently being utilized by other Ares funds, as applicable and creating more efficient methods of gathering, sorting, accessing data
Participate and contribute to regular review of overall processes and deliverables to improve effectiveness, efficiency, and accuracy and assist with documenting internal processes and controls on an on-going basis
Assist in preparation of various management reporting decks, presentations and deliverables to Corporate
Assist with supporting external audit and bank audit requests, as necessary
Assist with filings and data submission to various external authorities, as necessary
Support internal ad-hoc reporting including but not limited to acquisitions, system and process improvements including integration of new applications, various other reconciliation and analysis requests, as well as, external requests including lenders, investors and rating agencies.
