Senior Associate, Fund Accounting

Job title: 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.

Ares Management is seeking a Senior Associate for our US Public Credit accounting team. The Senior Associate will be responsible for the day-to-day accounting and oversight of the several publicly traded business development companies (BDCs).

Primary functions and essential responsibilities

• Assist in preparation of US GAAP financial statements for monthly reporting and quarterly and annual SEC filings (10K, 10Q, 8K, N-2, etc.)
• Prepare quarterly GAAP consolidated financial statements for an SEC-registered investment advisor, a controlled portfolio company of the BDC.
• Preparation of quarterly footnote and MD&A disclosures and other analyses, as needed
• Oversee and review monthly NAV packages from the fund administrator.
• Prepare and review monthly account reconciliations and fluctuation analyses
• Preparation of quarterly board reporting
• Assist in managing relationships and liaising with internal resources, fund administers and auditors to meet all daily, monthly, quarterly and annual deadlines.
• Assist with monthly/quarterly close process and preparation of various financial statement account balance reconciliations and workpapers.
• High level of interaction across the organization, including communications with portfolio managers, investor relations, operations, tax and financial reporting.
• Review reporting to investors and internal constituents (portfolio managers, investor relations)
• Work closely with operations and other groups in managing daily cash and position breaks
• Manage daily cash activities, including processing of payments, depositing of checks and posting to the general ledger.
• Prepare/review monthly portfolio position and cash reconciliations.
• Prepare quarterly waterfall calculations and review monthly distribution reports from the trustee.
• Participate and contribute to regular review of processes and deliverables to improve effectiveness, efficiency and accuracy.
• Various ad-hoc/special projects.

Qualifications

Education

• Bachelor’s Degree in Accounting, Finance, or related field

Certification:

• CPA or relevant certification is a plus

Experience Required:

• 4-6 years of relevant professional experience (preferred)
• Public Accounting experience, Big 4 (preferred)
• Industry experience, specifically with credit related investments
• Experience with Advent Geneva, Microsoft Dynamics 365 Business Central AND Onestream software a plus

General Requirements:

• Ability to work independently in a fast-paced, high growth environment.

• Highly motivated team player with a strong work ethic

• Strong knowledge of accounting principles, financial instruments, and regulatory requirements

• Strong understanding of U.S. GAAP.

• 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

• Advent Geneva experience a plus

• Strong Excel skills (e.g. complex formulas, macros)

• Power BI, Alteryx, Tableau or other business intelligence tools a plus

• 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.

• $130,000 - $160,000

• 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.