Senior Associate, Fund Accounting
At a glance
Senior Accounting role at Aresmgmt. New York · full-time · $130,000–$160,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Prepare US GAAP statements for fund reporting cycles and consolidated quarterly statements for an SEC-registered investment adviser
- Review daily and monthly net asset value packages, investor reports, reconciliations and workpapers
- Coordinate accounting deadlines with fund administrators, auditors and internal teams across investments, investor relations and operations
- Handle fund cash activity, including payments, invoice coding and posting entries to the general ledger
- Produce compliance filings and quarterly waterfall calculations, and help refine reporting processes
What you bring
- A bachelor's degree in accounting, finance or a related discipline
- Four to six years of relevant professional experience is preferred
- Strong command of US GAAP, accounting principles, financial instruments and regulatory requirements
- Advanced Excel capability, including complex formulas and macros
Who this fits
This senior associate role suits someone comfortable owning detailed fund-accounting work and coordinating multiple reporting deadlines. The position is based in New York and reports to the Controller.
From the employer
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 a Senior Associate for our US Public Credit accounting team. The Senior Associate will be responsible for the day-to-day accounting and oversight of several private fund portfolio companies of several public investment companies regulated by the investment company act of 1940. These private fund portfolio companies include an SEC-registered investment advisor and several joint ventures of the regulated companies.
Primary functions and essential responsibilities
Assist with preparation of US GAAP financial statements for monthly, quarterly, and annual reporting deadlines for the various funds.
Prepare quarterly GAAP consolidated financial statements for an SEC-registered investment advisor, a controlled portfolio company of the Business Development Company (“BDC”).
Provide the regulated companies and management company with data for quarterly SEC filings.
Oversee and review daily and monthly NAV packages from the fund administrator.
Assist in managing relationships and liaising with internal resources, fund administers and auditors to meet all daily, monthly, quarterly and annual deadlines.
High level of interaction across the organization, including communications with portfolio managers, investor relations, operations, tax and financial reporting.
Assist with monthly/quarterly close process and preparation of various financial statement account balance reconciliations and workpapers.
Review reporting to investors and internal constituents (portfolio managers, investor relations)
Work closely with operations and other groups in managing daily cash and position breaks
Manage daily cash activities for several private funds, including processing of payments, approving and coding invoices and posting to the general ledger.
Prepare quarterly waterfall calculations and review monthly distribution reports from the trustee.
Provide compliance reporting (Form PF, ADV, etc.)
Participate and contribute to regular review of processes and deliverables to improve effectiveness, efficiency and accuracy.
Various ad-hoc/special projects.
Qualifications
Education:
Bachelor’s Degree in Accounting, Finance, or related field
Certification:
CPA or relevant certification is a plus
Experience Required:
4-6 years of relevant professional experience (preferred)
Public Accounting experience, Big 4 (preferred)
Industry experience, specifically with credit related investments
Experience with Advent Geneva, Microsoft Dynamics 365 Business Central AND 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 knowledge of accounting principles, financial instruments, and regulatory requirements
Strong understanding of U.S. GAAP.
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
Advent Geneva experience a plus
Strong Excel skills (e.g. complex formulas, macros)
Power BI, Alteryx, Tableau 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.
$130,000 - $160,000
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.