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

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.