Associate, Investment Operations (Investment Accounting)

Job Description

Role Summary: Ares is currently seeking an Associate for the Investment Accounting (IA) team in our Mumbai office.The Investment Accounting team is part of the global Investment Operations team within the broader Finance & Accounting Operations organization and has a presence in California, New York, London and Mumbai. The team is responsible for the firmwide analysis of new/existing investments and daily profit and loss, development of accounting /other investment policies as well as internal/external reporting as reporting and works closely with Accounting, FP&A, Operations, Compliance, Portfolio Management, Middle Office, and Front Office.The individual will work primarily on Alternative Credit, Private Equity, and E.U./U.S. Direct Lending transaction reviews and product control functions. They will be responsible for monitoring a pipeline of deals to evaluate each for specific accounting, tax, compliance and legal concerns, preparing transaction analysis summaries for each deal which notate internal rationale for accounting treatment and ultimately ensuring deals are properly recorded in the accounting system (Geneva).In addition, they will be responsible for reviewing daily profit and loss and coordinating with third party administrators on any anomalies to ensure on-going deal servicing is in accordance with policy. The ideal candidate will have accounting and/or product control experience and demonstrate a great attitude and teamwork, self-direction, the ability to take the steps to work through problems and strong communication and organization. This role will require a dynamic adaptive and agile hands-on professional to ensure optimal processes and work product in a fast-paced rapidly growing environment.

Shift time: 1 to 10 PM (IST)

Primary responsibilities:

Responsible prepare transaction analysis memos for Private Credit and Private Equity deal flow (originations, exits and restructures) to ensure proper accounting in accordance with the accounting policy. Other responsibilities include, but are not limited to:

• Analyze credit terms, fee structures and syndication mechanisms to ensure proper revenue recognition in accordance with accounting policy

  
  

• Review admin bookings to ensure consistent with transaction analysis memos

  
  

• Daily investigation of material profit and loss items, performing product control checks and coordinate with third party admin to correct any inconsistencies.

  
  

• Maintenance of certain data fields

  
  

• Assist with new systems implementation and cut over from current to new accounting system by reconciling data between the systems

  
  

Education and Experience Required:  

• Qualified Chartered Accountant with 3-6 years of relevant work experience (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

  
  

General Requirements:

• Dependable, great attitude, highly motivated and a team player

  
  

• A self-directed individual with a can-do attitude, willing to work in an energetic, collaborative and fast-paced environment, proactive in nature, and a proven ability to learn quickly, display flexibility and adaptability while resolving issues with minimal supervision

  
  

• Strong sense of ownership and accountability

  
  

• Strong problem-solving and analytical skills

  
  

• High accuracy and detail orientation; confident decision-making skills

  
  

• Excellent organizational and interpersonal skills

  
  

• Outstanding communication (written and verbal), presentation, documentation, and interpersonal skills; strong customer focus

  
  

• Ability to successfully manage multiple priorities and competing demands; strong time management and prioritization skills

  
  

• An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes

  
  

• Able to pick up and work with new technology solutions (Power BI, multiple Excel add ins, SharePoint. Etc.)

  
  

• Flexibility regarding role profile and willingness to take on new projects and learn new skills

  
  

• Ability to handle confidential information appropriately

  
  

• Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment

  
  

• Good judgment in terms of escalating issues vs. solving problems independently

  
  

• Ability to be flexible in terms of hours in order to coordinate with team members across various time zones

  
  

Reporting Relationships

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.