Assistant Controller, Fund Accounting

The Ares Secondaries team specializes in secondary market transactions of private equity, real estate, credit and infrastructure investments with AUM of approximately $46 billion as of September 30, 2026.  The team is currently looking to hire an Assistant Vice President to join our dynamic Finance team of approximately 45 professionals located in our West Hartford, CT, Boston, MA, New York, NY and Mumbai locations. 

Responsibilities include:

• →Manage quarterly close processes, including review work of accounting staff and third-party administrators, along with producing original workpapers and analyses.
• →Preparation of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners.
• →Preparation of complex fund-level and investor-level waterfall calculations, including preferred returns, return of capital, catch-up provisions, carried interest/performance allocations, and related NAV-based accruals. 
• →Preparation and review cash flow projections and daily cash management, including activity on subscription credit lines, NAV based credit facility, expected settlement timing of purchases and underlying investment cash activity, and timing of investor capital calls and distributions.
• →Preparation and review of investor capital call and distribution calculations and quarterly management company deliverables.
• →Facilitate wire payments to vendors, to/from underlying investments and third parties.
• →Monitor and report on fund investments across various limited partnership interests.
• →Perform a detailed analysis of financial statements from underlying fund managers.
• →Prepare and assist with ad-hoc limited partner reporting, analysis and other requests.
• →Coordinate with external auditors to ensure audit deadlines are met.

• Minimum of a Bachelor’s degree in accounting or finance
• Experience Required: 7-10 years experience in private equity fund investment accounting or public accounting.
• Experience supporting evergreen, open-ended, interval, perpetual-capital, or similar structures is highly desirable.

General Requirements:

• Strong record of academic achievement and will be self-motivated.
• Ability to work both independently and as a productive member of a team.
• Strong financial analysis, writing and presentation skills.
• Proficient in Microsoft Excel and Word.
• Strong work ethic, detail oriented and strong organization skills.
• Working understanding of evergreen vehicles with complex structures and allocations.
• Advanced computer skills including Microsoft Office, eFront Software and reporting skills a plus.