Senior Associate, Property Accounting

About the role

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.

About the role

The Senior Accountant, Property will be an integral part of our Property Accounting Team and responsible for the day-to-day property accounting functions in addition to overseeing and mentoring junior team members. The ideal candidate will be enthusiastic, detail-oriented, comfortable with a team-oriented, high volume environment, able to multi-task, and able to think critically to ensure that key processes are effectively and efficiently completed.

Essential Duties

• Maintain and oversee the accounting books and records of a property portfolio in accordance with policies and procedures.
• Manage and accurately record tenant billing and collections, accounts payable and the monthly closing process.
• Review and prepare yearly CAM reconciliations.
• Prepare monthly and quarterly portfolio wide analytics.
• Analyze each property's respective lease agreements for appropriate billing and compliance.
• Oversee and manage one or more Property Accountants. Support and mentor Property Accountants to master role and responsibilities.
• Review monthly reports for each property. Includes analyzing monthly fluctuations and budget-to-actual variances and reconciling account balances to underlying supporting documentation and business activity.
• Communicate monthly results to Asset Management and Finance Departments.
• Prepare and review annual operating budgets for property portfolio. Includes coordination with Asset Management and Finance Departments and each property's respective property management team for approval of operating budgets.
• Assist external reporting team with the preparation and review of reports filed with the Securities and Exchange Commission and with the Internal Revenue Service. Requires coordination with auditors and tax.
• Analyze loan agreements and coordinate with Finance Department to manage compliance with loan agreements.
• Assist with construction management which can include, monitoring jobs for completion, approving invoices and job set-up, job close-out and working with the development team on draw requests.

Required Knowledge, Skills & Abilities

• This position requires a bachelor's degree in Accounting or Finance demonstrating a strong academic record during undergraduate studies.
• Knowledge of accounting to record accounting entries, analyze and interpret information, and make deductions from varying facts and circumstances required.
• 3+ years of relevant experience in a high-volume environment preferred.
• Experience with Yardi and Avid preferred.
• A motivated, detail-oriented individual with strong analytical and communication skills is required.
• The ability to multi-task in a highly dynamic environment and meet challenging deadlines is critical.
• Requires the ability to self-manage, independently exercise professional and technical judgement, problem solve and take initiative.
• An aptitude for Microsoft Office applications, including strong Excel skills required.

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.

$90,000 - $110,000

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.