Associate Vice President, Fund Accounting

2 Locationsexecutive

OtherFund Accounting

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Quick Summary

Overview

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,

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OtherFund Accounting

Ares is seeking an Associate Vice President to join the Finance and Accounting (F&A) team, to support fund operations and reporting for the strategic partnerships team. The role will report into a Vice President / Controller and will be responsible for day-to-day oversight of multiple funds, including operational support and providing accurate, timely and comprehensive financial and performance reporting to stakeholders. Relevant fund products span a variety of complex fund products including fund-of-fund structures and other custom structures. Strong technical, commitment, integrity, collaboration and relational skills are essential to thrive in our team environment, which has members both in the US and Mumbai.

Ares is a flat, flexible, and dynamic organization. The firm fosters a culture of collaboration, diligence, entrepreneurialism, integrity and partnership, both internally amongst colleagues and externally amongst clients and other stakeholders. The Ares team operates with a growth mindset, communicates transparently, and cultivates a high-performance and results-oriented environment.

Responsibilities

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→Day-to-day hands-on responsibility and execution of fund operations and fund reporting
→Fund structures may include fund-of-fund structures, joint ventures, closed-ended and open-ended structures, domiciled in various countries including the U.S., Cayman Islands, Luxembourg and Netherlands
→Assist in managing overall fund liquidity, including daily cash review and projections, investor capital calls and distributions, and day-to-day management of cash movement with banks in accordance with legal, tax and other governing documents
→Detailed, timely and insightful review of monthly/quarterly NAV reconciliations with third-party fund administrator(s) and coordination with external auditors with minimal oversight
→Review of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds
→Proactive operational coordination with investment operations teams and other operational stakeholders
→Processing and monitoring of expense payments and processes, including establishing a budget, and the approval and payment of expenses and related wires in compliance with fund governing documents and firm policy
→Responsible for quality and timely information provided to the tax team for quarterly tax estimates and annual tax returns
→Compile data for, complete and/or review regulatory compliance filings, including Form ADV, Form PF, AIFMD Filings, Form SLT, etc.
→Ongoing support for investor inquiries including compilation of monthly and quarterly custom deliverables to investors and/or other stakeholders
→Acquire strong understanding of legal governing documents and tax structure so as to comply and monitor fund operations accordingly
→Actively contribute to team objectives, including continuous improvements for efficiency, standardization and documentation of processes from risk-based perspective, and proactively seeking automated solutions for repetitive processes.
→Cultivate strong working relationship and collaborate closely with Investor Relations counterparts

Requirements

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Education:

Bachelor’s Degree required
Licensed CPA (active or inactive) preferred

Experience Required:

6+ yrs relevant industry experience (preferably some experience with Asset manager(s))
Audit background at Big 4 accounting firm preferred
Broad investment accounting experience across alternatives strategies (ie: credit, private equity, real assets and partnership interests)
Broad fund structure exposure, in particular closed-ended funds and fund-of-funds structures
Strong proficiency in Microsoft Excel required
Familiarity with systems such as Geneva and Power BI highly desirable

General Requirements:

High level of commitment, work-ethic, dependability, accountability, curiosity and self-awareness
Positive team player with mature interpersonal skills
Strong problem-solving and analytical skills, high attention to detail, strong organizational skills, demonstrates resourcefulness and ability to produce quality deliverables with high accuracy
Ability to take initiative and see tasks through to completion
Excellent verbal and written skills; ability to analyze and summarize complex information
Ability to balance multiple tasks and be flexible with shifting or competing priorities, and successfully collaborate with team members in various regions and time zones
Ability to thrive in a fast-paced, high growth environment

What We Offer

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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.

$160,000 - $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.

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.