Assistant Controller, Fund Accounting

Ares Management Corporation • Boston, MA

1d • $160,000 - $180,000

About The Position

Ares’ Secondaries team, which specializes in secondary market transactions involving private equity, real estate, credit, and infrastructure investments, is hiring an Assistant Controller for its Finance team. The team has approximately 45 professionals across West Hartford, Boston, New York, and Mumbai. The position manages fund accounting and reporting processes, including fund and investor calculations, cash management, investment monitoring, and audit coordination.

Requirements

• Bachelor’s degree in accounting or finance.
• 7–10 years of experience in private equity fund investment accounting or public accounting.
• Strong academic achievement and self-motivation.
• Ability to work independently and productively as part of a team.
• Strong financial analysis, writing, and presentation skills.
• Proficiency in Microsoft Excel and Word.
• Strong work ethic, attention to detail, and organizational skills.
• Working understanding of evergreen vehicles with complex structures and allocations.

Nice To Haves

• Experience supporting evergreen, open-ended, interval, perpetual-capital, or similar structures.
• Advanced computer skills, including Microsoft Office.
• eFront Software experience.
• Reporting skills.

Responsibilities

• Manage quarterly close processes, including reviewing work prepared by accounting staff and third-party administrators and producing workpapers and analyses.
• Prepare quarterly and annual GAAP financial statements and footnote disclosures for multiple funds, as well as limited-partner capital account summaries.
• Prepare complex fund-level and investor-level waterfall calculations, including preferred returns, return of capital, catch-up provisions, carried interest or performance allocations, and related NAV-based accruals.
• Prepare and review cash flow projections and daily cash management, including subscription credit line and NAV-based credit facility activity, purchase settlement timing, underlying investment cash activity, and investor capital call and distribution timing.
• Prepare and review investor capital call and distribution calculations and quarterly management company deliverables.
• Facilitate wire payments to vendors, underlying investments, and third parties.
• Monitor and report on fund investments across various limited partnership interests.
• Analyze financial statements from underlying fund managers in detail.
• Prepare and assist with ad hoc limited partner reporting, analysis, and other requests.
• Coordinate with external auditors to meet audit deadlines.

Benefits

• Comprehensive medical and prescription drug, dental, and vision plans.
• 401(k) program with company match.
• Flexible Spending Accounts (FSA).
• Healthcare Savings Accounts (HSA) with company contribution.
• Basic and voluntary life insurance.
• Long-term and short-term disability insurance.
• Employee Assistance Program.
• Commuter benefits for parking and transit.
• Access to a medical advisory team.
• Mental health app with coaching, therapy, and psychiatry.
• Mindfulness and wellbeing app.
• Financial wellness benefit with access to a financial advisor.
• New parent leave.
• Reproductive and adoption assistance.
• Emergency backup care.
• Matching gift program.
• Education sponsorship program.
• Potential discretionary performance-based bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior