Associate Vice President, Fund Controller, Real - London, United Kingdom - Ares Management

Ares Management

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

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.

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Job Description:

Background to Ares & Ares Real Estate Group:
With approximately $395 billion in assets under management, Ares Management Corporation (

NYSE:
ARES) is one of the largest global alternative asset managers, with five complementary and market leading investment groups: credit, private equity real estate, secondary solutions, and strategic initiatives. The firm is headquartered in Los Angeles with offices across the United States, Europe, Asia, and Australia.

Ares Management Corporation's Real Estate Group manages comprehensive public and private, equity and debt strategies that provides investors access to its capabilities through several vehicles including private commingled funds in the U.S.

and Europe investing in equity and debt strategies, as well as Ares Commercial Real Estate Corporation (

NYSE:
ACRE), a publicly traded commercial mortgage real estate investment trust.

Our Real Estate Group's activities are managed by dedicated equity and debt teams in the U.S. and Europe.

Ares Real Estate AUM is currently sitting at around $50bn with circa 240 deal professionals (35 based in Europe), with offices in London, Paris, Luxembourg and Madrid.

Primary areas of focus for our Real Estate Group equity teams include Value-Add and Opportunistic strategies.

Our European value-add strategy focuses on undermanaged and under-funded income-producing assets, including multifamily, office, industrial, and mixed-use retail properties across Western Europe.

Our European opportunistic real estate strategy capitalizes on increased investor demand for developed and stabilized assets by focusing on the repositioning of asserts, capitalization of distressed and special situations, and development of core-quality assets across all major property types including multifamily, office, retail, and industrial properties throughout Europe.

In addition, for Real Estate Debt teams focus is on originating, core senior loans backed by proven sponsorship and secured by commercial real estate predominantly located in the major cities in US and Europe, through various Core Real Estate Debt Funds and SMAs, generating both levered and unlevered returns for the investors.

Context for Role:
Reporting to a Senior Fund Controller and joining a team of finance professionals based in London, Luxembourg and India.

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

The role will have a broad remit to oversee specific areas of responsibility for certain functions, depending on their level of skills and experience, as the Real Estate Group is looking to implement more technology to assist in automation and standardization (data and processes) in order to capture and analyse property, financial and performance level data.

F&A Team Key Functions:
Financial Reporting and Management

Oversee and manage fund service providers (administrators, depositaries, banks) to ensure performance is in line with agreed service levels
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, performance fees.
Support preparation of financial statements, investor reports, capital statements, presentations, questionnaires, and Management Co. reports feeding into Ares public filing
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
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

Deal Execution and Asset Management

Review of tax structuring paper in advance of 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 several investment structure SPVs, and oversee ongoing accounting
Review property level reporting from property m