Ares Management

Alternative investment manager across asset classes

Associate Vice President - Fund Accounting

Financial AccountingUpdated on Nov 11

Full-timeNew York, NY, USAIn-person

About the Job

Requirements

A Bachelor's degree in Accounting, Finance, or a related field is required.
A minimum of 6–9 years of experience in fund accounting is preferred.
Public reporting experience is required.
A strong understanding of U.S. generally accepted accounting principles is required.
Strong knowledge of accounting principles, financial instruments, and regulatory requirements is required.
Intermediate or advanced Excel skills, including complex formulas and macros, are required.
The ability to work independently in a fast-paced, high-growth environment is required.
The ability to analyze and summarize complex information verbally and in writing is required.
The ability to manage multiple tasks and deadlines is required.
Strong problem-solving and analytical skills are required.
Strong verbal and written communication skills are required.
Strong organizational and interpersonal skills are required.

Responsibilities

Assist with preparing U.S. generally accepted accounting principles financial statements for monthly reporting and quarterly and annual Securities and Exchange Commission filings, including Forms 10-K, 10-Q, 8-K, and N-2.
Prepare quarterly footnote and management discussion and analysis disclosures and other analyses as needed.
Oversee and review monthly and quarterly net asset value packages from the fund administrator.
Assist with the monthly and quarterly close process and prepare financial statement account balance reconciliations and workpapers.
Work with operations and other groups to manage 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 deadlines.
Interact across the organization with portfolio managers, investor relations, legal, compliance, operations, tax, financial planning and analysis, and financial reporting teams.
Provide the business development company and management company with data for quarterly Securities and Exchange Commission filings.
Prepare quarterly distribution waterfall calculations.
Provide and review detailed reporting for investors and internal stakeholders, including portfolio managers and investor relations.
Provide compliance reporting, including Form PF and Form ADV.
Work with the tax team to administer timely payment of tax estimates and liabilities for legal entities requiring special handling.
Contribute to firm initiatives and team-specific projects and deliverables to improve effectiveness, efficiency, and accuracy.
Participate in regular reviews of processes and deliverables to improve effectiveness, efficiency, and accuracy and support scalability.
Work on ad hoc and special projects.

Desired Qualifications

A Certified Public Accountant credential is preferred.
Public accounting experience, particularly with a Big Four firm, is preferred.
Industry experience is preferred.
Experience with Power BI, Alteryx, Anaplan, or other business intelligence tools is a plus.

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 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.

Primary functions and essential responsibilities

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 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 administers 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.

Qualifications

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

Reporting Relationships

Compensation

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.

About the Company

Ares Management

Alternative investment manager across asset classes

Ares Management is a global manager of alternative investments spanning credit, private equity, real estate, and infrastructure for institutions, corporations, and high-net-worth individuals, offering both primary and secondary investment opportunities. It pools client capital into diversified funds and investment vehicles to buy assets or provide loans across asset classes, earning management and performance fees as well as investment income from its funds. The firm differentiates itself with a collaborative, multi-asset approach and flexible capital across markets and cycles, supported by its large scale and broad client base. Its goal is to deliver steady, attractive returns for clients while financing businesses and projects across market cycles.

Company size: 1,001-5,000
Company stage: IPO
Headquarters: Chicago, IL
Founded: 1997

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