Associate Vice President, Fund Accounting

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.

• 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 work papers.
• 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 administrators 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.

• 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

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.

$140,000 - $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.