Senior Associate, 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 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 work papers.

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…