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About the Role
The Finance & Accounting team is seeking a professional to oversee specific areas of responsibility within the Real Estate Group. This role will support the implementation of technology for automation and standardization of data and processes to capture and analyze property, financial, and performance data.
Responsibilities
- Oversee and manage fund service providers to ensure performance aligns with service levels.
- Liaise with internal stakeholders and external service providers for timely financial data flow.
- Oversee calculation of property performance, AUM, NAV, management fees, and performance fees.
- Support preparation of financial statements, investor reports, capital statements, presentations, questionnaires, and Management Co. reports.
- Provide deal support, including financial analysis and execution of deal cashflows.
- Monitor cash and manage the cash distribution process.
- Allocate and review costs and expense recharges.
- Manage audit and tax reporting processes.
- Maintain fund dashboard and manage track record.
- Review capital call and distribution notices and cash allocation schedules.
- Prepare and review due diligence questionnaires and presentations for fundraising.
- Review tax structuring papers before acquisition.
- Review acquisition/sale completion accounts.
- Ensure acquisition accounting is accurately reflected in SPV/Propco accounts.
- Engage service providers, including local auditors.
- Oversee property-level and investment structure (SPV) level audits.
- Review financial statements for investment structure SPVs and oversee ongoing accounting.
- Review property-level reporting from property managers, asset managers, and JV partners.
- Review budgets prepared by joint venture partners and agree funding/distributions.
- Liaise with the deal team to ensure agreement of fundings/distributions.
- Review capital activity documentation, including drawdown and repayment notices, dividend declarations, and board meeting minutes.
- Contribute to the valuation process, calculation of gross to net adjustments, and preparation of valuation committee materials.
- Support the investment decision process by maintaining fund models, performing scenario/sensitivity analysis, and tracking key metrics.
- Support the budgeting and forecasting process with calculations for management fees, carried interest, and projected fund performance.
- Support risk management processes with qualitative and quantitative fund data.
- Manage cash, including oversight of fund reserves and cash requirements.
- Manage fund-level debt facilities, including drawdowns, repayments, covenants, and extensions.
- Manage FX risk, including implementing credit lines, scenario analysis, and trade instruction/monitoring.
Requirements
- Strong academics, preferably a degree from a top-tier university.
- Qualified ACA/ACCA/CIMA.
- 4-7 years of post-qualification experience.
- Real estate private equity experience.
- Strong financial/analytical and problem-solving skills.
- Detailed oriented with a proven track record for accuracy.
- Ability to establish priorities and meet deadlines in a fast-paced, high-growth environment.
- Enthusiastic, hardworking, and a team player.
- Confident in dealing with people.
- Willing to take control and responsibility, but also happy to work within a wider team and agreed processes.
- Proficient MS Office skills, including Power BI.
- Good at picking up/learning new systems.
- Strong work ethics.
Skills
- MS Office
- Power BI
- Financial Reporting
- Management Accounting
- Deal Support
- Financial Analysis
- Cash Management
- Audit Management
- Tax Reporting
- Valuation
- Fund Models
- Scenario Analysis
- Sensitivity Analysis
- KPI Tracking
- Budgeting
- Forecasting
- Risk Management
- Debt Facility Management
- FX Risk Management
Location
- London
Work Type
- Full-time
Experience Level
- 4-7 years PQE
Education Level
- Qualified ACA/ACCA/CIMA
- Degree from a top-tier university
About the Company
- Ares Management Corporation is one of the largest global alternative asset managers with approximately $671 billion in assets under management.
- The firm is comprised of over 4,400 employees and operates five complementary investment groups: credit, private equity, real estate, secondary solutions, and strategic initiatives.
- Headquartered in Los Angeles, Ares has offices across the United States, Europe, Asia, and Australia.
- The Real Estate Group manages public and private equity and debt strategies, offering investors access through various vehicles.
- Ares Real Estate AUM is approximately $121bn, with over 205 professionals globally.
- The Real Estate Group has offices in 14 US cities and in Europe (London, Paris, Luxembourg).
Equal Opportunity
- 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.