Associate Vice President, Investment Accounting & Reporting

Ares Wealth Management Solutions

  • Mumbai, Maharashtra
  • Permanent
  • Full-time
  • 18 days ago
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 DescriptionAres 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 responsibilitiesSpecific 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
QualificationsEducation:
  • 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 AccountingThere 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.

Ares Wealth Management Solutions