Accounting Analyst, Commercial Finance

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 accounting Analyst for its Commercial Finance (ACF) team. ACF is a leading provider of asset-backed loans to middle-market businesses across the US and Canada. Join our collaborative Commercial Finance team and help drive operational excellence while building your career in accounting and finance.

Position Summary

We are seeking a motivated Accounting Analyst with 1-2 years of experience in accounting or finance to join our team. This is an excellent opportunity for someone early in their career who is eager to learn, grow, and contribute to a dynamic organization. You'll gain hands-on experience in financial reporting, account reconciliation, general ledger maintenance, and project-based assignments, all while working alongside experienced professionals who are invested in your development.

Key Responsibilities

Financial Reporting

• Reconcile loan ledger to the general ledger daily and maintain daily cash reconciliation.
• Prepare and post loan ledger and adjusting entries in the general ledger (MS Dynamics 365).
• Support GL account reconciliations and prepare adjusting entries.
• Apply proper accounting treatment to transactions and ensure accurate revenue recognition.
• Maintain good faith deposit records and respond to internal / external inquiries from business users and clients.
• Set up and maintain client payoff records and coordinate return of reserves.
• Reconcile foreign currency transactions and monthly FX contracts.
• Prepare monthly supporting schedules and assist with financial analysis and variance commentary.
• Assist in preparing management reporting decks.
• Support external and bank audit requests.
• Help with filings and data submissions to external authorities.
• Assist with 1099 and 1042 annual tax reporting.
• Oversee accounts payable by tracking and reconciling payments in the COUPA platform, resolving inquiries, and collaborating with teams.
• Document internal processes and controls.
• Support ad-hoc reporting, acquisitions, system / process improvements, and external requests.

Qualifications

Education

Experience

General Requirements

Why Join Us?

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.

$80,000 - $100,000

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.