Associate Vice President, Fund Accounting
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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
Ares Management is seeking an Associate Vice President (“AVP”) for our Secondaries accounting team. The AVP will be responsible for the day-to-day accounting and oversight of several private funds and accurately reporting the daily net asset value per share for several public investment companies regulated by the investment company act of 1940.
Primary functions and essential responsibilities
- Assist with preparation of US GAAP financial statements for monthly, quarterly, semi-annual, and annual reporting deadlines for the various funds.
- Prepare quarterly GAAP consolidated financial statements for an SEC-registered investment advisor.
- Oversee and review daily, monthly and quarterly NAV packages from the fund administrator.
- Assist with monthly/quarterly close process and preparation of various financial statement account balance reconciliations and workpapers.
- Work closely with operations and other groups in managing daily cash and position breaks
- Manage daily cash activities for several funds, including processing of payments, approving and coding invoices and posting to the general ledger.
- Assist in managing relationships and liaising with internal resources, fund administers and auditors to meet all deadlines.
- High level of interaction across the organization, including communications with portfolio managers, valuation group, investor relations, legal, compliance, operations, tax, FP&A and financial reporting.
- Provide the management company with data for quarterly SEC filings.
- Coordinate all line of credit activity, including borrowings and repayments, compliance certifications, and preparation of borrowing base calculations.
- Review fund operating expense budgets and accruals including variance analysis
- Review of NQ, NCSRS and NCSR reporting for the funds.
- Review of monthly NPORT reporting
- Provide and review detailed reporting to investors and internal constituents (portfolio managers, investor relations)
- Provide compliance reporting (Form PF, ADV, etc.)
- Participate and contribute to regular review of processes and deliverables to improve effectiveness, efficiency, accuracy to ensure scalability as the firm continues to grow rapidly.
- Various ad-hoc/special projects.
Qualifications
Education:
- Bachelor’s Degree in Accounting, Finance, or related field
Certification:
- CPA (preferred)
Experience Required:
- Minimum 6-9 years of experience in fund accounting preferred
- Public accounting experience, Big 4 (preferred)
- Industry experience, specifically with bank debt preferred
- Experience with Advent Geneva, Microsoft Dynamics 365 Business Central, eFront or Onestream software a plus
General Requirements:
- Ability to work independently in a fast-paced, high growth environment
- Highly motivated team player with a strong work ethic
- Strong understanding of US GAAP
- Strong knowledge of accounting principles, financial instruments, and regulatory requirements
- Strong problem-solving and analytical skills
- Strong verbal and written skills; ability to analyze and summarize complex information both verbally and in writing
- Ability to multi-task and manage various deadlines
- Excellent organizational and interpersonal skills
- Intermediate or advanced Excel user (e.g. complex formulas, macros)
- PowerBI, Alteryx, Anaplan or other business intelligence tools a plus
Reporting Relationships
ControllerCompensation
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.
$160,000 - $180,000
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.
Automate your job search with Sonara.
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