AVP, Fund Accounting

Ares Management Corporation•Los Angeles, CA

1d•Onsite

About The Position

Ares Management is seeking an Associate Vice President (“AVP”) for our US Public Credit accounting team. The AVP will be responsible for the day-to-day accounting and oversight of several controlled portfolio companies of publicly traded business development companies (“BDCs”).

Requirements

Bachelor’s Degree in Accounting, Finance, or related field
Minimum 6-9 years of experience in fund accounting preferred
Public accounting experience, Big 4 (preferred)
Industry experience, specifically with bank debt preferred
Ability to work independently in a fast-paced, high growth environment
Highly motivated team player with a strong work ethic
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

CPA (preferred)
Experience with Advent Geneva, Microsoft Dynamics 365 Business Central or Onestream software a plus
PowerBI, Alteryx, Anaplan or other business intelligence tools a plus

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, investor relations, legal, compliance, operations, tax, FP&A and financial reporting.
Provide the BDCs and management company with data for quarterly SEC filings.
Prepare quarterly waterfall calculations and review monthly distribution reports from the trustee.
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.