Senior Associate, Fund Accounting

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

• Member of team focused on Fund Accounting, supporting Ares' Employee Co-Invest funds.
• Ensure process and procedures are adequate to meet quality standards and are consistently applied and regularly reviewed.
• Work with and liaise with internal resources (primarily colleagues in the U.S.), external fund administrators, and external auditors to meet all monthly, quarterly and annual reporting deadlines.
• Perform monthly and quarterly close processes, including review work of external administrators, along with producing original workpapers and analyses.
• Review and/or reperform annual GAAP financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners.
• Produce cash flow projections and analyze 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 Limited Partnership Agreements and credit facilities, including the preparation or review of compliance reporting.
• Prepare and assist with ad-hoc limited partner reporting, analyst and front-office requests, working in conjunction with colleagues in Los Angeles and New York to ensure timely response to our investors
• Entry, management, and oversight of operations and accounting in eFront and other accounting systems
• Review and approval of expense activity
• Actively work on continuous improvement as we continue to build out the Ares India office.

qualifications

• Approximately 5-7 years of relevant work experience
• Bachelors' degree in related field (Finance or Accounting) from accredited institution
• Chartered Accountant or CPA license, preferred
• Strong understanding of U.S. GAAP
• Strong proficiency in Excel, PowerPoint and Word (e.g.: complex formulas, macros)
• Experience with Power BI, Tableau or other business intelligence tools, a plus

General Requirements:

• Big-4 public accounting experience strongly, preferred
• Ability to work in a fast-paced, high growth environment
• Strong communication skills will be important; ability to analyze and summarize complex information both verbally and in writing with colleagues in the United States
• Ability to assist in managing several third-party relationships (outside administrators; custodians)
• 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
• Knowledge of private equity structures, fixed income securities, debt instruments, alternative investments, securitization, or other investment products preferred
• Proven experience of collaborating with teams in remote locations to ensure efficiency, effectiveness and high level of supervisory oversight
• Excellent time management skills and ability to collaborate with others
• Ability to successfully manage multiple priorities and competing demands; result oriented
• A solutions-oriented self-starter with the ability to see the big picture
• An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes
• A demonstrated ability to research and leverage available resources to accomplish the task at hand
• Good judgment in terms of escalating issues vs. solving problems independently
• Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment
• Energetic, self-motivated, and team-oriented approach; a zest for challenges in a fast-paced, dynamic environment – often under pressure to meet demanding deadlines
• Strong work ethic, an entrepreneurial spirit and a desire to learn
• Dependable, great attitude, highly motivated and a team player
• Highest degree of integrity, motivation and intellectual curiosity

Reporting Relationships

Assistant Controller, Co-Invest

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.

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