Fund Controller / VP, Fund Accounting

Ares Management Corporation•New York, NY

1d•$180,000 - $220,000

About The Position

Ares Management Corporation is seeking a Fund Controller to join our dynamic, collaborative fund accounting team focused on the U.S. Direct Lending Private Funds platform. The Fund Controller will: Drive team projects and initiatives that focus on creating operational efficiencies and scale. Review weekly liquidity/cash flow projections to ensure our accounts have sufficient liquidity to meet future deal fundings. Review capital call and distribution calculations and deliverables performed by the fund administrators. Assist with managing the use of subscription lines. Review monthly and quarterly NAV packages, including cash and position reconciliations, capital allocations, calculation of management fees and waterfall calculations and investor account statements prepared by fund administrators. Review and approve wires for expense payments and capital distributions. Review quarterly and annual financial statements and footnote disclosures. Review management company reporting for quarterly SEC filings. Review monthly and quarterly investor deliverables and other ad-hoc reporting for investor relations, analysts, and portfolio managers. Review deal and fund level performance metrics such as internal rates of return, MOIC, time-weighted returns, etc. Review governing documents for the funds, including the PPM, LPA, credit facility agreements, ISDA agreements, etc. and ensure compliance with terms and guidelines. Review key regulatory reporting (Form PF, TIC SLT, AIFMD, Form ADV). Liaise and build strong relationships with teams across the organization, including investor relations, portfolio managers, legal, tax and operations along with external parties such as fund administrators, custodians, and external auditors. Assist with new fund launches, including review of governing documents, fund structures and jurisdictional requirements, and operational set-up with internal and external parties.

Requirements

Bachelors of Science in Accounting or higher education
10+ years of relevant professional experience
Public and private accounting experience (Big 4 accounting preferred)
CPA preferred
Experience with close-ended funds is required
Experience with credit products preferred
Ability to work in a fast-paced, high growth environment
Experience with external fund administrators
Strong understanding of U.S. GAAP
Strong verbal and written skills; ability to analyze and summarize complex information both verbally and in writing
Strong problem-solving and analytical skills
Ability to multi-task and manage various deadlines
Excellent organizational and interpersonal skills
Strong Excel skills (e.g. complex formulas, macros)

Nice To Haves

Advent Geneva experience a plus
PowerBI, Alteryx, or other business intelligence tools a plus

Responsibilities

Drive team projects and initiatives that focus on creating operational efficiencies and scale.
Review weekly liquidity/cash flow projections to ensure our accounts have sufficient liquidity to meet future deal fundings.
Review capital call and distribution calculations and deliverables performed by the fund administrators.
Assist with managing the use of subscription lines.
Review monthly and quarterly NAV packages, including cash and position reconciliations, capital allocations, calculation of management fees and waterfall calculations and investor account statements prepared by fund administrators.
Review and approve wires for expense payments and capital distributions.
Review quarterly and annual financial statements and footnote disclosures.
Review management company reporting for quarterly SEC filings.
Review monthly and quarterly investor deliverables and other ad-hoc reporting for investor relations, analysts, and portfolio managers.
Review deal and fund level performance metrics such as internal rates of return, MOIC, time-weighted returns, etc.
Review governing documents for the funds, including the PPM, LPA, credit facility agreements, ISDA agreements, etc. and ensure compliance with terms and guidelines.
Review key regulatory reporting (Form PF, TIC SLT, AIFMD, Form ADV).
Liaise and build strong relationships with teams across the organization, including investor relations, portfolio managers, legal, tax and operations along with external parties such as fund administrators, custodians, and external auditors.
Assist with new fund launches, including review of governing documents, fund structures and jurisdictional requirements, and operational set-up with internal and external parties.