Staff Accountant

Job Description

Staff Accountant | Ares Management

The Tone:
This is a Staff Accountant role at Ares Management, a company deeply committed to fostering a welcoming and inclusive work environment for high-performance talent. Driven by its people and a culture guided by core values such as collaboration, responsibility, and trustworthiness, Ares aims to be a catalyst for shared prosperity and a better future. As an integral part of the Property Accounting Team, this position is crucial for managing day-to-day property accounting functions. The Staff Accountant will ensure key financial processes are completed accurately and efficiently, directly supporting the business and team.

The TL;DR
• Role: Early Career
• Type: Full-time
• Pay: $65000–$80000 yearly
• Team: Property Accounting Team; reports to Associate Vice President, Industrial Property Accounting
• Mission: Ensure the accuracy and efficiency of day-to-day property accounting functions to support the business operations.
• Tech Stack: Yardi, AvidXchange, Microsoft Office (Excel)

What You’ll Actually Do
• Tenant Billing & Reconciliation: Generate all tenant charges including direct bills, late fees, and one-time charges, while also maintaining accurate aging reports and applying tenant credits.
• Financial Record Management: Review daily cash receipts and accounts payable for accuracy, working in close collaboration with the Accounts Receivable Specialist to ensure completeness.
• Month-End Close Activities: Execute comprehensive month-end journal entries, prepare balance sheet reconciliations, and complete bank reconciliations.
• Reporting & Analysis: Compile detailed monthly financial statements and reporting packages, encompassing both monthly and yearly Common Area Maintenance (CAM) reconciliations.
• Operational & Budget Support: Correspond directly with Third-Party Property Managers regarding property operations and actively assist in the preparation of the yearly budget.

The Must-Haves
• Background: Hold a Bachelor’s degree in Accounting or Finance with a strong academic record, demonstrating core knowledge of accounting principles for recording entries, analyzing information, and making deductions.
• Experience: Possess 1-3 years of relevant accounting experience, preferably in a high-volume environment.
• Skills: Exhibit strong analytical and communication skills, along with the ability to self-manage, problem-solve, and multi-task efficiently to meet challenging deadlines. Proficiency in Microsoft Office applications, particularly strong Excel skills, is required.
• Bonus: Prior experience using Yardi and/or AvidXchange is preferred.