Senior Associate, Fund Accounting (SF)

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

• Day-to-day hands-on responsibilities for fund operations, fund reporting and investor reporting. Fund structures may include fund-of-fund structures, closed-ended structures, domiciled in various jurisdictions including the U.S., Cayman Islands and Luxembourg.
• Timely detailed review of monthly/quarterly NAV packages received from fund administrator(s)
• Assist with preparation and detailed review of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds
• Compile data for and perform detailed review of regulatory compliance filings, including Form ADV, Form PF, AIFMD Filings, Form SLT, etc
• Daily detailed review of cash activity and corresponding system bookings. Update cash projections, including expected settlement timing of investment activity (i.e.: interest payments, fundings and realizations), payment of expenses, and timing of LP capital calls and capital distributions.
• Daily monitoring of capital call and distribution requirements, preparation of detailed capital activity descriptions, detailed review of allocations from the Fund administrator and compilation of final capital activity package.
• Processing and detailed review of ongoing operating expenses, including invoice set-up, GL coding and payment wires. Prepare quarterly expense budget including payments for the quarter and accruals for unpaid expenses.
• Assist with preparation of quarterly NAV/AUM estimates and completing required templates on an accelerated timeline, used by the Management company in firmwide quarterly results
• Compilation of investor reporting packages which entails coordination across various teams
• Participate and contribute to regular detailed review of processes and deliverables to improve effectiveness, efficiency, and accuracy.
• Various ad-hoc/special projects
• Hands-on production, detail-orientation and critical thinking, as well as productive and effective coordination with external fund administrators, other F&A/internal teams.
• Adapt to an environment of teamwork, collaboration, integrity, self-awareness, diligence, ownership and accountability.

EDUCATION:

• Bachelor’s Degree required in related field (Finance, Accounting or Economics) from accredited institution
• Chartered Accountant or CPA license preferred; Open to MBA candidates with relevant experience

EXPERIENCE REQUIRED:

• Minimum 5-8 years of experience in Private Equity Fund accounting preferred
• Industry experience preferred
• Broad investment accounting experience across alternatives strategies (ie: private equity, credit, real assets and partnership interests)
• Broad fund structure exposure, in particular closed-ended funds and fund-of-funds structures.

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.