Associate Vice President, Investment Accounting & Reporting

Description

Ares is seeking an Associate Vice President to join our Investment Accounting (IA) team in Mumbai This role is a unique opportunity to work within a high performing international team. 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 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. The successful candidate will be a self-starter, process-oriented, and extremely flexible with an ability to define, design, create and improve IA functions.

Primary functions and essential responsibilities

Specific responsibilities include, but are not limited to :

• Manage Mumbai IA team – 3 to 4 people and motivate them.
• Review / 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.
• Analyze credit terms, fee structures, review admin bookings and syndications mechanisms to ensure proper revenue recognition in accordance with accounting policy
• Review of daily investigation of material profit and loss items.
• Assist with new systems implementation
• Assist in managing relationships and liaise with internal resources, offshoring resources, external fund administrator(s) to meet all deadlines
• Prepare monthly and quarterly investor deliverables and other ad-hoc reporting for investor relations, analysts, and portfolio managers.
• Work in a team environment to contribute to the development and implementation of the group’s overall goals

Qualifications

Education :

CA / CPA

Experience Required :

11-14 years of relevant work experience (public / fund accounting with strong credit agreements & fee structures / Loan syndication / product control preferred)

Lead a small team

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 :

Prior experience of Team handling

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

Associate Vice President, Investment Accounting

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.