Fund Accounting Associate

Associate, Fund Accounting (EUDL)

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

Primary functions and essential responsibilities

• Oversee and review monthly NAV packages from the fund administrator, including calculation of management and performance fees, as applicable. 
• Manage liquidity for the upcoming funding requirements and Perform Hedging analysis to make sure all the investments are properly hedged.
• Manage monthly and quarterly close processes, including reviewing work performed by the fund administrators along with producing original workpapers and analyses.
• Work and liaise with internal resources (primarily colleagues in the U.S. and U,K), fund administrators, and external auditors to meet all deliverables, including daily, weekly, monthly, quarterly and annual reporting deadlines.
• Work closely with operations and other groups in managing cash and position breaks.
• Review of quarterly and annual GAAP financial statements and footnote disclosures.
• Assisting in audits and making sure for smooth completion of yearend audits
• Review regulatory compliance filings (e.g. Form ADV, Form PF, SLT, etc.)
• Review of Waterfall calculations & PCAPS.
• Review cash flow projections and daily cash management, including activity on credit lines, expected settlement timing of purchases and sales, and timing of capital calls and capital distributions.
• Monitor compliance with the Fund’s governing documents (e.g. Limited Partnership Agreement, Investment Management Agreement, investor side letters, etc.) and credit facilities, as applicable.
• Prepare and assist with ad-hoc limited partner reporting, analyst and front-office requests.
• Assist with preparation of information provided to the tax team for tax estimates and annual returns.
• Review and approval of expense activity and authorization of bank wires.
• Participate in team projects and initiatives for process improvements.
• Actively work on continuous improvement as we work to build out our new India office.

qualifications

• Approximately 3+ years of relevant work experience
• Bachelors’ degree in related field (Finance, Accounting or Economics) from an accredited institution
• Chartered Accountant or CPA license preferred

General Requirements:

• Big-4 or Asset Management Fund accounting experience strongly preferred.
• Strong knowledge of accounting, generally accepted accounting principles and financial reporting is required.
• Experience with close-ended funds (commitment-based funds).
• Experience with Direct lending, bank debt, bonds, structured products and other fixed income products. 
• Strong communication skills will be important; ability to analyze and summarize complex information both verbally and in writing with colleagues in the U.K.
• Ability to work in a fast-paced, high growth environment; excited about working in a start-up environment with the backing and infrastructure of a well-established industry leader.
• Occasional business travel to the UK (London).
• Strong problem-solving and analytical skills; ability to multi-task and manage various deadlines.
• Excellent organizational and interpersonal skills; attention to detail and timelines required.
• Experience with Advent Geneva is a plus.
• Experience with Microsoft Power BI, Tableau or other business intelligence tools is a plus.
• Working knowledge of Excel is required (advanced skills such as VBA is a plus).

Reporting Relationships

Fund Controller

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.

Experience Level

Mid Level