Principal, Capital Controls & Planning Lead

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

Ada Infrastructure is a global data center business committed to being a positive force for technology, people, and the planet. As part of the digital infrastructure platform of Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager, Ada Infrastructure is positioned to be a leader in the industry in reliable, safe, secure, and sustainable digital infrastructure. With nine in-flight campuses across the US, Japan, the UK, and Brazil, we have over 850 MW of power currently available and more than 1,500 MW in our global pipeline.

To learn more about Ada Infrastructure, visit www.adainfrastructure.com or to learn more about Ares Management visit www.aresmgmt.com.

Why Join Us:

This role is an excellent opportunity to join a deeply experienced and high-performing team with the ability to directly impact and contribute to Ada’s development program. Our team combines industry-wide experience and in-country expertise across all our regions. We are committed to collaborating cross-functionally and partnering to drive efficient and effective solutions that meet the needs of our internal and external stakeholders.

The Team you are joining:

The Capital Controls & Planning team is a complementary function that bridges Development and Delivery teams with Finance and Accounting. Operating in conjunction with but independently from Regional Project Controls, the team provides an enterprise-level layer of oversight focused on financial integrity, standardization, and performance visibility across construction programs.

The team ensures accuracy, consistency, and predictability in cost and financial data across regional development and construction projects. By partnering cross-functionally, they establish and enforce standards, enhance data quality, and enable reliable reporting that supports informed decision‑making at both regional and corporate levels.

Through proactive governance and insights, the team helps drive financial discipline, improve forecast confidence, and strengthen alignment between project execution and financial outcomes.

Summary:

Ada Infrastructure is seeking a highly skilled and experienced Principal Capital Controls & Planning Lead with a background in real estate, construction support and/or financial controls to as our lead of the function and to grow and scale the team across in support of all our regions. In this role, you will act as a business partner to the key stakeholders in the Ares Digital Infrastructure business including Regional Leadership, Development teams (spanning Design, Development, Delivery and Project Controls), Investments, Portfolio Management & Growth (“PMG”) and Fund Accounting.

Responsibilities:

• Build and lead a high performing team to support CAPEX developments across each of Ada’s regions

• Establish, maintain, and enhance cost governance standards in line with global frameworks

• Ensure data integrity between development tools and the accounting system; own Yardi controls environment

• Lead contractor financial closeout, including invoice reconciliation and retention release

• Support accounting with fixed asset capitalization, subledger-to-GL reconciliations, and asset movement schedules

• Partner with development/operations on physical inventories, asset tagging, obsolescence review, and insurance support

• Provide guidance to project coordinators, analysts, and regional stakeholders on cost processes, systems (Yardi/Procore), and best practices

• Lead monthly CAPEX reporting in alignment with corporate timelines

• Produce consolidated CAPEX reports, translating variances into executive insights and actions

• Support investor, lender, and portfolio reporting with asset data & dashboards

• Prepare and distribute monthly draw packages in compliance with audit and control requirements

• Manage retention tracking and release; enforce lien waiver and sub-tier compliance

• Update monthly project cash flow, commitments, and capital call forecasts; manage variances within thresholds

• Partner with Regional DM/CM to establish initial construction budgets within standardized WBS structures

• Investigate CAPEX transactions and resolve coding, accrual, and commitment issues; document and remediate root causes

• Identify and monitor systemic risks (cost, schedule, scope) with Project Controls and Delivery; recommend mitigations

• Build and maintain reporting, forecasting, and audit support tools with global Project Controls and PMG

• Act as liaison to Accounting for month-end close, audits, and policy alignment

• Drive continuous improvement in cost standards, forecasting cadence, draw quality, and data validation

• Perform ad hoc analysis and special projects (e.g., scenario modeling, contract/vendor analysis, portfolio roll-ups)

Minimum Requirements:

• Bachelor’s degree in Finance, Accounting, Construction Management, or a related field

• 10+ years in construction/project controls/capital projects, with strong background in construction cost accounting, CAPEX governance, and audit‑ready documentation

• Strong understanding of construction cost accounting and CAPEX management

• Experience with GAAP and IFRS preferred

• Experience with Yardi and Construction Manager (YCM) strongly preferred

• High proficiency in Excel and Office 365

• Strong problem‑solving, critical‑thinking, and analytical skills

• Ability to work cross‑functionally, manage competing priorities, and operate with minimal direction

• Excellent communication skills and a collaborative approach to supporting stakeholders

Reporting Relationships

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.

$250,000.00 - $275,000.00

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.