Associate Vice President, Fund Accounting

Ares Operations•Boston, NY

About The Position

Ares Management is seeking an Associate Vice President (“AVP”) for our Secondaries accounting team. The AVP will be responsible for the day-to-day accounting and oversight of several private funds and accurately reporting the daily net asset value per share for several public investment companies regulated by the investment company act of 1940.

Requirements

Education: Bachelor’s Degree in Accounting, Finance, or related field
Experience Required: Minimum 6-9 years of experience in fund accounting preferred
Public accounting experience, Big 4 (preferred)
Industry experience, specifically with bank debt preferred
Strong understanding of US GAAP
Strong knowledge of accounting principles, financial instruments, and regulatory requirements
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
Excellent organizational and interpersonal skills
Intermediate or advanced Excel user (e.g. complex formulas, macros)

Nice To Haves

Certification: CPA (preferred)
Experience with Advent Geneva, Microsoft Dynamics 365 Business Central, eFront or Onestream software a plus
PowerBI, Alteryx, Anaplan or other business intelligence tools a plus
Ability to work independently in a fast-paced, high growth environment
Highly motivated team player with a strong work ethic

Responsibilities

Assist with preparation of US GAAP financial statements for monthly, quarterly, semi-annual, and annual reporting deadlines for the various funds.
Prepare quarterly GAAP consolidated financial statements for an SEC-registered investment advisor.
Oversee and review daily, monthly and quarterly NAV packages from the fund administrator.
Assist with monthly/quarterly close process and preparation of various financial statement account balance reconciliations and workpapers.
Work closely with operations and other groups in managing daily cash and position breaks
Manage daily cash activities for several funds, including processing of payments, approving and coding invoices and posting to the general ledger.
Assist in managing relationships and liaising with internal resources, fund administers and auditors to meet all deadlines.
High level of interaction across the organization, including communications with portfolio managers, valuation group, investor relations, legal, compliance, operations, tax, FP&A and financial reporting.
Provide the management company with data for quarterly SEC filings.
Coordinate all line of credit activity, including borrowings and repayments, compliance certifications, and preparation of borrowing base calculations.
Review fund operating expense budgets and accruals including variance analysis
Review of NQ, NCSRS and NCSR reporting for the funds.
Review of monthly NPORT reporting
Provide and review detailed reporting to investors and internal constituents (portfolio managers, investor relations)
Provide compliance reporting (Form PF, ADV, etc.)
Participate and contribute to regular review of processes and deliverables to improve effectiveness, efficiency, accuracy to ensure scalability as the firm continues to grow rapidly.
Various ad-hoc/special projects.