Accounting Associate, Commercial Finance

Ares Management Corporation • Los Angeles, CA

1d

About The Position

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 Associate 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 Associate with 3-5 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.

Requirements

• Bachelor’s degree in Accounting or Finance required.
• 3–5 years of experience in accounting or finance.
• Proficiency in MS Excel (pivot tables, VLOOKUPs, HLOOKUPs, etc.).
• Familiarity with MS PowerPoint.
• Positive attitude and eagerness to learn.
• Ability to prioritize and manage multiple tasks.
• Strong communication and analytical skills.
• High attention to detail.

Nice To Haves

• Additional certifications (CPA, etc.) are a plus but not required.
• Experience with Microsoft Dynamics 365, COUPA, or similar platforms is a plus.

Responsibilities

• 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.

Benefits

• Mentorship: Work closely with experienced professionals who will support your growth.
• Learning: Gain exposure to a variety of accounting and finance functions, with a strong emphasis on financial reporting, while also developing an understanding of the business.
• Career Growth: Opportunities to take on new challenges and advance within the company.
• Team Culture: Join a supportive, collaborative, and high-performing team.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 501-1,000 employees