Associate Vice President, Fund Accounting

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 Infrastructure accounting team. The AVP will be responsible for the day-to-day accounting and reporting of a business development company "BDC”, with a primary focus on investment related activities and accurately reporting the monthly/quarterly net asset value per share. The BDC is a registered investment company which is regulated by the investment company act of 1940. The AVP will also be responsible for assisting with corporate accounting functions at Ares Management.

Primary functions and essential responsibilities

• Assist with preparation of US GAAP financial statements for monthly reporting and quarterly and annual SEC filings (10K, 10Q, 8K, N-2, etc.)
• Preparation of quarterly footnote and MD&A disclosures and other analyses, as needed
• Oversee and review 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, including processing 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, investor relations, legal, compliance, operations, tax, FP&A and financial reporting.
• Provide the BDC and management company with data for quarterly SEC filings.
• Prepare quarterly distribution waterfall calculations.
• Provide and review detailed reporting to investors and internal constituents (portfolio managers, investor relations)
• Provide compliance reporting (Form PF, ADV, etc.)
• Work with the tax team to administer timely and thorough payment of tax estimates and liabilities for all legal entities that require special handling.
• Participate and contribute to firm initiatives and team specific projects and deliverables to improve effectiveness, efficiency, and accuracy
• 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 preferred
• Public reporting experience

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

Fund Controller

Compensation

$140,000 - $180,000

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.