AVP, Real Estate Fund Accounting

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

Primary functions and essential responsibilities

Financial Reporting and Management

• •Instruct and oversee fund service providers (administrators, depositaries) to ensure performance is in line with agreed service levels
• •Instruct and oversee the acquisition and disposition onboarding/offboarding process across business units and 3rd parties
• •Liaise with a wide range of internal stakeholders and external service providers to ensure the quality and timely flow of financial data
• •Oversee calculation of property performance, AUM, NAV, management fees, promote allocations (fund level waterfalls) and cost recharges
• •Support preparation of financial statements, investor reports, partner capital statements, presentations, questionnaires and head office management reports
• •Provide deal support, including financial analysis and execution of deal cashflows
• •Monitor cash and manage cash distribution process
• •Allocate and review costs and expense recharges
• •Manage audit and tax reporting processes
• •Participate in any new Fund launches
• •Help maintain financial data inputs for the Fund track record
• •Maintain Fund dashboard
• •Review capital call and distribution notices and cash allocation schedules
• •Support on DDQ and presentations for fundraising
• •Work with team to implement technology that helps automate processes for better efficiency, accuracy and consistency

Portfolio Management

• •Contribute to the valuation process, calculation of gross to net adjustments. Candidate to have general understanding of real estate valuations.
• •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 promote
• •Support risk management processes with qualitative and quantitative fund data

Treasury

• •Cash management, including oversight of fund reserves and cash requirements
• •Manage fund level debt facilities (drawdowns, repayments, covenants, extensions)

The individual will be expected to build strong working relationships across the Real Estate operation (deal team, service providers) and the wider Ares business.

The role will have a broader responsibility to oversee certain functions depending on their level of skill and experience, as the Real Estate Group is looking to implement more automation (data and processes) to capture and analyze property and financial data.

Qualifications

Education:

• •Bachelor’s Degree required
• •Licensed CPA (active or inactive) preferred

Experience Required:

• •At least 10-14 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

Reporting Relationships

Fund Controller

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.