Associate Vice President - Fund Accounting

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 European Long-Term Investment Fund (ELTIF), which is an EU-regulated fund regime designed to channel capital into long-term, illiquid assets, with a primary focus on investment-related activities and accurately reporting the monthly/quarterly net asset value per share. The ELTIF is a sub-fund within a Société d’Investissement à Capital Variable (SICAV) which is domiciled in Luxembourg. The AVP will also be responsible for assisting with corporate accounting functions at Ares Management.

• →Assist with preparation of IFRS financial statements for monthly reporting and semi-annual and annual filings
• →Preparation of quarterly footnote and management disclosures and other analyses, as needed
• →Oversee and review monthly and quarterly NAV packages from the fund administrator
• →Oversee monthly subscriptions process and work closely with wealth management and transfer agent to ensure timely and smooth fund flows
• →Instruct and administer share class and asset class level hedging process, working with external provider.
• →Assist with monthly/quarterly close process and preparation of various financial statement account balance reconciliations and workpapers.
• →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 management company with data for quarterly filings.
• →Prepare monthly distribution calculations
• →Facilitate redemption payments
• →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 subscription tax, tax estimates, and liabilities for all legal entities that require it.
• →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, and 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 / CA (preferred)

Experience Required:

• Minimum 6-9 years of experience in fund accounting preferred
• Experience with SICAV, ETLIF, or comparable structures preferred
• Public accounting experience, Big 4 (preferred)
• Industry experience preferred
• Public reporting experience
• Hedging 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 IFRS and 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