Associate Vice President, Fund Accounting

Ares Management Corporation • Los Angeles, CA

2d • $160,000 - $180,000

About The Position

Ares Management is seeking an as Assistant Fund Controller for the US Real Estate Equity Accounting team. The Assistant Fund Controller will be responsible for day-to-day oversight of multiple funds and manage an external fund administrative team. Fund structures may include commingled equity close-ended funds, joint ventures and separate accounts. We are seeking a detail‑oriented and analytically strong Assistant Fund Controller to join our Real Estate Finance & Accounting team with a primary focus on investor reporting. This role is responsible for preparing high‑quality financial deliverables for investors, supporting fund‑level reporting cycles, and ensuring accuracy and consistency across property‑level and portfolio‑level data. The ideal candidate has a solid real estate accounting background, excellent communication skills, and experience preparing financial information for institutional investors.

Requirements

• Education: Bachelor’s Degree required
• Experience Required: At least 6-9 years of relevant professional experience including public accounting (Big 4 preferred) and/or fund accounting experience
• Advanced excel experience strongly preferred

Nice To Haves

• Licensed CPA (active of inactive) preferred
• Real estate G/L system knowledge a plus

Responsibilities

• Instruct and oversee fund service providers (administrators, depositaries) to ensure performance is in line with agreed service levels
• Instruct and oversee the acquisition and disposition onboarding/offboarding process across business units and 3rd parties
• Liaise with a wide range of internal stakeholders and external service providers to ensure the quality and timely flow of financial data
• Oversee calculation of property performance, AUM, NAV, management fees, promote allocations (fund level waterfalls) and cost recharges
• Support preparation of financial statements, investor reports, partner capital statements, presentations, questionnaires and head office management reports
• Provide deal support, including financial analysis and execution of deal cashflows
• Monitor cash and manage cash distribution process
• Allocate and review costs and expense recharges
• Manage audit and tax reporting processes
• Participate in any new Fund launches
• Help maintain financial data inputs for the Fund track record
• Maintain Fund dashboard
• Review capital call and distribution notices and cash allocation schedules
• Support on DDQ and presentations for fundraising
• Work with team to implement technology that helps automate processes for better efficiency, accuracy and consistency
• Contribute to the valuation process, calculation of gross to net adjustments. Candidate to have general understanding of real estate valuations.
• Support investment decision process by maintaining fund models, proving scenario/sensitivity analysis, key property and financial metrics and KPIs
• Support budgeting and forecasting process with calculation of management fees and promote
• Support risk management processes with qualitative and quantitative fund data
• Cash management, including oversight of fund reserves and cash requirements
• Manage fund level debt facilities (drawdowns, repayments, covenants, extensions)
• The individual will be expected to build strong working relationships across the Real Estate operation (deal team, service providers) and the wider Ares business.
• The role will have a broader responsibility to oversee certain functions depending on their level of skill and experience, as the Real Estate Group is looking to implement more automation (data and processes) to capture and analyze property and financial data.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees