Associate Vice President - Fund Accounting

Ares Management Corporation•New York, NY

1d•$160,000 - $180,000

About The Position

Ares Management is seeking an Associate Vice President for its Infrastructure accounting team. The role is responsible for day-to-day accounting and reporting for a European Long-Term Investment Fund (ELTIF), an EU-regulated fund regime designed to channel capital into long-term, illiquid assets. The focus includes investment-related activities and accurate monthly and quarterly reporting of net asset value per share. The ELTIF is a sub-fund within a Luxembourg-domiciled Société d’Investissement à Capital Variable (SICAV). The AVP will also assist with corporate accounting functions at Ares Management.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field.
Minimum 6–9 years of fund accounting experience preferred.
Strong understanding of IFRS and US GAAP.
Strong knowledge of accounting principles, financial instruments, and regulatory requirements.
Strong problem-solving and analytical skills.
Strong verbal and written communication skills, including the ability to analyze and summarize complex information.
Ability to multitask and manage various deadlines.
Excellent organizational and interpersonal skills.
Intermediate or advanced Excel skills, such as complex formulas and macros.
Ability to work independently in a fast-paced, high-growth environment.
Highly motivated team player with a strong work ethic.

Nice To Haves

CPA or CA certification.
Experience with SICAV, ELTIF, or comparable structures.
Big Four public accounting experience.
Industry experience.
Public reporting experience.
Hedging experience.
Experience with Power BI, Alteryx, Anaplan, or other business intelligence tools.

Responsibilities

Assist with preparing IFRS financial statements for monthly reporting and semi-annual and annual filings.
Prepare quarterly footnotes, management disclosures, and other analyses as needed.
Oversee and review monthly and quarterly NAV packages from the fund administrator.
Oversee the monthly subscriptions process and work with wealth management and the transfer agent to ensure timely, smooth fund flows.
Instruct and administer share-class and asset-class hedging with an external provider.
Assist with monthly and quarterly close processes and prepare financial statement account-balance reconciliations and workpapers.
Work with operations and other groups to manage daily cash and position breaks.
Manage daily cash activities, including processing payments, approving and coding invoices, and posting to the general ledger.
Assist in managing relationships and liaising with internal resources, fund administrators, and auditors to meet deadlines.
Work across the organization with portfolio managers, investor relations, legal, compliance, operations, tax, FP&A, and financial reporting.
Provide data to the management company for quarterly filings.
Prepare monthly distribution calculations.
Facilitate redemption payments.
Provide and review detailed reporting for investors and internal constituents, including portfolio managers and investor relations.
Provide compliance reporting, including Form PF and ADV.
Work with the tax team to administer timely payment of subscription tax, tax estimates, and liabilities for applicable legal entities.
Contribute to firm initiatives and team projects to improve effectiveness, efficiency, and accuracy.
Regularly review processes and deliverables to improve effectiveness, efficiency, accuracy, and scalability as the firm grows.
Handle various ad hoc and special projects.