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Posted April 17, 2024

Tax Counsel

Ares Management Corporation
New York, NY Full Time
Reference: AresManagementCorporationR5163_1

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 is seeking a new Tax Counsel to join the Global Credit Tax team in New York. The Tax Counsel will support the global credit businesses with a focus on direct lending and liquid credit strategies. Additional responsibilities may include Ares Asia funds, insurance funds and certain strategic partnerships. This role will work closely with deal team, as well as various functional groups including Legal, Investor Relations, Finance & Accounting, Operations. The Tax Counsel must be an excellent written and verbal communicator as well as possess strong presentation and time management skills. Experience with a broad range of fund structures and tax transactional work is a must.

PRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES

  • Advise the deal team and provide transaction support on tax structures for potential investment opportunities and tax consequences on Ares fund entities and investors

  • Collaborate with outside counsel and review and comment on tax aspects of a variety of deal agreements

  • Provide tax support to fund structuring and fundraising process

  • Review and comment on marketing materials and other communications with existing and potential investors

  • Advise the Finance, Accounting & Operations team on tax aspects of fund investments and restructures

  • Advise the tax reporting team on questions from the tax compliance process

  • Prepare tax training materials and presentations for teach-ins

  • Additional projects as needed

QUALIFICATIONS

Experience Required:

  • 5-10 years of experience at a top-tier law firm or in-house within a corporate or investment management legal or tax department.

  • Investment management industry experience appreciated.

  • Experience in tax practice areas for M&A, financing and fund formation

  • Strong transactional tax experience, especially in cross-border tax planning, structured products, real estate transactions, joint venture

  • Active member of the New York Bar

General Requirements:

  • Excellent interpersonal, written and verbal communication skills, presentations skills and time- management skills

  • Must be able to work independently and be a problem-solver

  • Must possess strong integrity and professionalism

  • Ability to balance multiple tasks with competing and changing priorities

  • Proficient in Microsoft Office Suite

Reporting Relationships

Head of Tax Structuring, Credit & Mgmt Co.

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.

$275,000 - $325,000

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.

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