Senior Associate, Business & Financial Management

Ares Management Corporation; Mumbai; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

Ares Management Corporation in Mumbai is seeking a Senior TBM/IT FP&A professional to drive cost transparency, budgeting, forecasts and governance for Technology spend. You will partner with Technology, Finance, Procurement and Business stakeholders to translate strategy into actionable financial insights.

You bring 6–10+ years in TBM or FinOps, strong data skills, and a proven ability to communicate with executives while improving processes and controls.

Qualifications

• MBA/CA/CFA or equivalent in Finance, Accounting, or Tech Management.
• 6–10+ years in TBM, IT Financial Management, FinOps, or Tech FP&A.
• Experience with budgeting, forecasting, and cost transparency in a matrix org.
• Familiarity with TBM frameworks and financial systems/tools.
• Strong communication with executives.

Responsibilities

• Support TBM cost transparency, allocation, chargebacks, and data quality.
• Coordinate day-to-day TBM activities including budgeting and reporting.
• Support budget cycles, actuals, variance explanations, governance.
• Translate financial data into actionable insights for leadership.

Skills

Stakeholder mgmt

Financial analysis

TBM familiarity

Budgeting & Forecasting

Cost allocation

ERP/BI tools

Education

MBA/CA/CFA

Tools

TBM platforms

ERP systems

BI tools

Job description

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

This role supports the day‑to‑day execution of Technology Business Management (TBM) and Technology Financial Management activities across the organization. The position contributes to operational excellence, financial governance, and transparency for Technology spend and capacity by supporting budgets, forecasts, reporting, chargebacks, vendor financials, and cost optimization activities, working closely with Technology, Finance, Procurement, and Business stakeholders, this position helps translate strategy into measurable execution and enables informed decision‑making through accurate, timely, and actionable financial insights.

PRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES

• TBM Cost Transparency, Allocation & Chargebacks: Support implementation and operationalization of taxonomies, and allocation methodologies, including documentation and controls. Execute and maintain cost allocation and chargeback processes for business units and consuming teams; investigate breaks and resolve exceptions with stakeholders. Produce service‑based and product‑based financial views to support value‑based conversations with stakeholders. Perform reconciliation and data quality checks to ensure consistency, accuracy, and auditability of cost data across systems and reports.
• Run & Operate Technology Financial Management: Coordinate and execute day‑to‑day activities across Technology Financial Management, ensuring timely inputs and outputs. Support budgeting, forecasting, cost tracking, financial reporting, and governance processes, including preparing templates, consolidations, and review packs. Identify operational issues, risks, and exceptions related to Technology spend and financial management and escalate appropriately with proposed options.
• Technology Financial Management & Governance: Support the Technology budget, forecast, and reforecast cycles, ensuring alignment to agreed priorities and plans. Prepare actuals vs. budget analysis, variance explanations, and management reporting at portfolio, domain, and service levels. Perform checks to support accurate classification of Technology costs (CapEx, OpEx, Run vs. Change, projects, services) in line with policy. Support financial governance frameworks, policies, and controls for Technology spend, including tracking adherence and following up on actions.
• Financial Reporting, Insights & Decision Support: Deliver regular, standardized, and executive‑ready reporting on Technology spend, trends, risks, and opportunities. Translate financial data into clear insights and recommendations for Technology and Business leadership, with guidance from senior team members.
• Team Culture & Capability Development: Contribute to a high‑performing team culture with clear accountability, strong execution discipline, and proactive risk management. Drive process discipline, continuous improvement, and automation within assigned areas, leveraging standard best practices.

QUALIFICATIONS

• MBA / CA / CFA or equivalent qualification in Finance, Accounting, Business, or Technology Management (preferred).
• 6–10+ years of progressive experience in Technology Business Management, IT Financial Management, FinOps, or Technology FP&A.
• Experience supporting Technology financial operations in a complex, matrixed environment, with strong attention to detail and controls.
• Strong exposure to budgeting, forecasting, cost transparency, allocation models, and governance.
• Familiarity with TBM frameworks and financial systems/tools (e.g., TBM platforms, ERP, planning tools, BI).

CORE COMPETENCIES

• Strong financial acumen combined with deep understanding of Technology cost drivers
• Operational excellence and execution focus
• Stakeholder management and executive communication
• Analytical, structured, and data‑driven decision‑making
• Ability to translate financial details into business‑relevant insights
• Ability to influence and collaborate effectively across teams and levels, including without formal authority

Reporting Relationships

Senior Manager, Business Management Office

Applications

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.

About Ares Management

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management's global platform had approximately $671 billion of assets under management(1) with more than 4,400 employees operating across North America, South America, Europe, Asia Pacific and the Middle East.

For more information, please visit www.aresmgmt.com.

Ares Management LLC (together with its related operating and administrative subsidiaries, “Ares Management”) is an Equal Employment Opportunity employer and considers all applicants for employment without regard to race, color, religion, ethnicity, creed, sex, age, national origin, alienage or citizenship status, disability, medical condition, pregnancy, marital status, partnership status, sexual orientation, status regarding public assistance, military or veteran status, domestic violence victim status, gender identity and expression, transgender status, genetic information, status as unemployed, political affiliation or any other characteristic protected by federal, state or local law.

Ares Management will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Fair Chance Initiative for Hiring Ordinance.

(1) As of June 30, 2026.

AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.