Associate, Compensation

Job Description

Ares is looking for an Associate to join the Human Resources team.  The role will facilitate day to day transactions across the carried interest and equity platforms.  This will include the processing of carried interest distributions, wire instruction and trust maintenance, as well as equity administration including system maintenance and reporting.  The role will partner closely with colleagues within HR as well as with members of the Finance, Investment Operations and Tax teams. The successful candidate will be responsible for providing exceptional client service, promptly addressing all related queries and concerns, while streamlining and improving our Carried Interest and Equity processes to ensure best practices in a fast-paced rapidly growing environment. 

Reporting relationships

Reports to: Vice President, Compensation Administration

Primary functions and essential responsibilities

Specific responsibilities include, but are not limited to:

• Develop comprehensive understanding of the broader business and the critical components of success to help create strategic enhancements alongside the HR and financial planning teams

  
  

• Work collaboratively with other HR professionals and the broader finance team to review analytical findings and develop thoughtful, dynamic strategies and solutions

  
  

• Carried Interest Administration:

  
  

  • Process, track and report on carried interest allocations, vesting schedules, distributions, and future valuations/forecast

    
    

  • Maintain allocations including forfeitures and reallocations

    
    

  • Coordinate and complete routine audits with Corporate Accounting

    
    

  • Participate in new system implementation

    
    

• Equity Administration:

  
  

  • Assist with award activity across three separate plans including new awards, vesting events, forfeitures and accelerations

    
    

  • Process quarterly dividend equivalent calculations and payments

    
    

  • Generate communications related to new grants, vesting events, quarterly dividends and retirement eligibility

    
    

  • Complete routine audits with Payroll

    
    

  • Reconcile and perform audits related to equity transactions to ensure accuracy, timeliness, and quality control of data in the equity system

    
    

• Develop reports on current practices and identify any potential exposure to the firm

  
  

• Complete other related duties as assigned

  
  

Qualifications

Education:

• Bachelor’s degree, preferably in business, economics, finance or accounting or related field

  
  

• Certified Compensation Professional Certification preferred

  
  

Experience Required:  

• Minimum of 4 years of analytical or compensation experience, preferably within financial services industry; experience in asset management a plus

  
  

• Experience with Workday and/or Compensation platform(s) preferred

  
  

General Requirements:

• Experience with equity administration and/or carried interest

  
  

• Experience with system administration

  
  

• Strong technical skills with high proficiency in Excel and PowerPoint; experience with Access or other databases a plus

  
  

• An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes

  
  

• Ability to manage the tactical aspects of the Compensation role while being mindful of the strategic direction of the firm

  
  

• Ability to successfully manage multiple priorities and competing demands

  
  

• Ability to multi-task and prioritize deadlines; result oriented

  
  

• Strong communication skills and team orientation; capability of interacting with key stakeholders to direct prioritization of Compensation-related activities

  
  

• High accuracy and detail orientation

  
  

• Good judgment in terms of escalating issues vs. solving problems independently

  
  

• A demonstrated ability to research and leverage available resources to accomplish the task at hand

  
  

• Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment

  
  

• Ability to be flexible in terms of hours in order to coordinate with team members across various time zones

  
  

• Dependable, great attitude, highly motivated and a team player

  
  

• Ability to handle confidential information appropriately

  
  

Reporting Relationships

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.