Senior Associate, F&A

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 to join the Registered Secondaries Accounting team. The Senior Associate will take a lead role in the day-to-day accounting, financial reporting, net asset value (NAV) processes and operational control environment for registered investment companies investing in private equity secondaries and related structures. The individual will review administrator deliverables, coordinate across internal functions and external service providers, and help strengthen processes as the registered products platform grows.

Primary functions and essential responsibilities

Responsibilities include:

• Lead the monthly NAV process, including detailed review of fund administrator packages, cash and position reconciliations, income and expense activity, and resolution of identified breaks.
• Coordinate monthly and quarterly closes and prepare or review journal entries, account reconciliations, supporting schedules and close work papers.
• Review accounting for secondary investments and related structures, including capital calls, distributions, fees, investment activity and information received from underlying fund managers.
• Oversee daily cash activities, invoice coding and payment processing, and coordinate with operations and other teams to resolve cash and position differences.
• Review underlying fund financial statements, capital account statements and transaction notices and assess the completeness and accuracy of recorded investment activity.
• Review fund general ledgers, trial balances, administrator records and custody records and drive timely resolution of reconciliation items.
• Prepare and review registered fund regulatory reporting, including Form N-PORT, Form N-2, Form N-CSR, Form N-CSRS as applicable, and support other SEC and compliance reporting requirements.
• Review fund operating expense budgets, accruals and variance analyses and coordinate updates with relevant stakeholders.
• Prepare and review recurring and ad hoc reporting for portfolio management, investor relations, legal, compliance, tax and other internal stakeholders.
• Serve as a primary day-to-day contact for the fund administrator and coordinate with auditors and internal teams to meet reporting and audit deadlines.
• Assist with oversight and development of junior team members through review, coaching and knowledge sharing.
• Identify and lead process improvements and technology implementation initiatives, including, automation and control enhancements to support accuracy, efficiency and scalability; lead or contribute to special projects as needed.

Qualifications

Education:

Bachelor’s degree in accounting or finance

Experience

Required:

• 4-7 years of experience in fund accounting, investment accounting, private equity accounting, registered funds or public accounting.
• Experience with private equity or other alternative investment products strongly preferred.
• Working knowledge of US GAAP investment company accounting and experience with registered fund financial or regulatory reporting preferred.
• Public accounting experience and/or CPA progress is a plus.
• Experience with Advent Geneva, eFront, Microsoft…