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Assistant Controller, Real Estate Debt
Ares Operations LLC Los Angeles, CA
$105k-134k (estimate)
Full Time 5 Months Ago
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Ares Operations LLC is Hiring an Assistant Controller, Real Estate Debt Near Los Angeles, CA

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 Ares Management is seeking an Assistant Controller/Associate Vice President (AVP) for our Real Estate Debt Finance - Accounting team. The AVP will be responsible for day-to-day accounting and oversight of publicly traded mortgage REIT and private real estate debt funds. PRIMARY FUNCTIONS AND ESSENTIAL RESPOSIBILITIES Manage the daily accounting for a NYSE listed public company and private real estate debt funds Assist in managing relationships and liaise with internal resources, offshoring resources, external fund administrator(s), and external auditors to meet all monthly, quarterly and annual reporting deadlines Work with and manage account relationship with external banks and lenders Assist with preparation of quarterly and annual SEC filings for a NYSE listed public company Participate and contribute to regular review of overall processes and deliverables to improve effectiveness, efficiency and accuracy including the use of new technology Oversee and review monthly/quarterly/annual NAV reconciliations with fund administrator Assist with debt compliance reporting Review of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners Assist with preparation of quarterly and annual reporting requirements to investors for private real estate debt funds Prepare/maintain cash flow projections and daily cash management, including any LP capital activity (ie: capital calls/subscription and distribution/withdrawal calculations) Prepare and assist with ad-hoc limited partner, capital markets, investor relations and front-office requests Various special projects/reports for both internal and external use Education/Certification: Bachelor’s Degree required Licensed CPA (or candidate for licensure) preferred. Experience Required: At least 7 plus years of relevant professional experience including public accounting (Big 4 preferred) and/or fund accounting experience Real estate G/L system knowledge a plus Advanced Excel experience strongly preferred Requirements: Ability to work independently in a fast-paced, high growth environment. Dependable, great attitude, highly motivated, team player and strong work ethic. Ability to assist in managing several third party relationships. Strong understanding of business and accounting principles (US GAAP) Excellent verbal and written skills; ability to analyze and summarize complex information both verbally and in writing. Strong problem-solving and analytical skills. Excellent Excel skills (to build models, templates, building macros/pivot tables). Ability to multi-task and prioritize/manage deadlines. Excellent organizational, and interpersonal skills. 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. $120,000 - $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. Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2023, Ares Management's global platform had approximately $395 billion of assets under management(1) with more than 2,800 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com. Ares Management LLC (together with its related operating and administrative subsidiaries, “Ares Management”) is an Equal Employment Opportunity employer and considers all applicants for employment without regard to race, color, religion, ethnicity, creed, sex, age, national origin, alienage or citizenship status, disability, medical condition, pregnancy, marital status, partnership status, sexual orientation, status regarding public assistance, military or veteran status, domestic violence victim status, gender identity and expression, transgender status, genetic information, status as unemployed, political affiliation or any other characteristic protected by federal, state or local law. Ares Management will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Fair Chance Initiative for Hiring Ordinance. (1) As of September 30, 2023. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.

Job Summary

JOB TYPE

Full Time

SALARY

$105k-134k (estimate)

POST DATE

11/24/2023

EXPIRATION DATE

05/02/2024

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