Senior Associate-RE, Fund Accounting

Job Description

PRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES

• As a member of the team focus on Fund Accounting, supporting Ares’ Real Estate Private Equity business.
• Ensure process and procedures are adequate to meet quality standards and are consistently applied and reviewed regularly.
• Work with and liaise with internal resources (Colleagues in India, US and UK), external Fund/SPV administrators, and external auditors to meet all quarterly, and annual reporting requirements/deadlines.
• Perform quarterly close processes, including review work of external administrators, along with producing workpapers and analysis.
• Review quarterly and annual GAAP financial statements and footnote disclosures for multiple Funds, capital account summaries for limited partners, investor reports, presentations, questionnaires, and Management Co. reports feeding into Ares public filing.
• Review and/or reperform calculation of management fees, complex waterfall calculations, property performance, AUM, NAV etc.
• Produce cash flow projections and analyze daily cash management, including activity on credit lines, expected settlement timing of purchases and sales, and timing of capital calls and distributions.
• Monitor compliance with the Fund’s Limited Partnership Agreements and credit facilities, including the preparation or review of compliance reporting.
• Prepare and assist with ad-hoc limited partner reporting and front-office requests to ensure timely response to our investors
• Oversee property level and investment structure (SPV) level audits.
• Assist with preparation of information provided to tax team for quarterly tax estimates and annual returns.
• Review property level reporting from property managers, asset managers and JV partners.
• Review budgets prepared by joint venture partners and agree funding’s / distributions.
• Review capital activity documentation including drawdown and repayment notices on financing instruments, dividend declarations, and board meeting minutes and shareholder resolutions.

QUALIFICATIONS
Qualification:

• Approximately 6-9 years of relevant work experience
• Chartered Accountant/CPA/MBA Finance.

General Requirements:

• Knowledge of private equity structures, alternative investments is a must.
• Big-4 public accounting experience strongly preferred.
• Ability to work in a fast-paced, high growth environment; excited about working in a start-up environment with the backing and infrastructure of a well-established industry leader.
• Strong communication skills will be important; ability to analyze and summarize complex information both verbally and in writing with colleagues in US and UK.
• Ability to assist in managing several third-party relationships (outside administrators, custodians)
• Strong problem-solving and analytical skills; ability to multi-task and manage various deadlines.
• Excellent organizational and interpersonal skills; attention to detail and timelines required.
• Experience with certain systems (Advent Geneva; Investran;) experience a plus; requires day to day use of Excel. Knowledge of Power BI, JIRA is a plus.
• Strong work ethics
• Review and approval of expense activity.
• Maintain Fund dashboards and manage track record.
• Contribute to the valuation process, calculation of gross to net adjustments and preparation of
• valuation committee materials.
• Support investment decision process by maintaining fund models, proving scenario/sensitivity analysis, key property and financial metrics and KPIs.
• Support budgeting and forecasting process with calculation of management fees and carried interest, and projected fund performance.
• Support risk management processes with qualitative and quantitative fund data.
• Liaise with a wide range of internal stakeholders and external service providers to ensure the quality and timely flow of financial data.
• Actively work on continuous improvement.

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.