Senior Associate, Fund Accounting

Ares Management Corporation•Los Angeles, CA

About The Position

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

Requirements

Bachelor’s Degree in Accounting, Finance, or related field
4-6 years of relevant professional experience
Public Accounting experience, Big 4
Industry experience, specifically with credit related investments
Ability to work independently in a fast-paced, high growth environment.
Highly motivated team player with a strong work ethic
Strong knowledge of accounting principles, financial instruments, and regulatory requirements
Strong understanding of U.S. GAAP.
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
Strong Excel skills (e.g. complex formulas, macros)

Nice To Haves

CPA or relevant certification is a plus
Experience with Advent Geneva, Microsoft Dynamics 365 Business Central AND Onestream software a plus
Advent Geneva experience a plus
Power BI, Alteryx, Tableau or other business intelligence tools a plus

Responsibilities

Assist in preparation of US GAAP financial statements for monthly reporting and quarterly and annual SEC filings (10K, 10Q, 8K, N-2, etc.)
Prepare quarterly GAAP consolidated financial statements for an SEC-registered investment advisor, a controlled portfolio company of the BDC.
Preparation of quarterly footnote and MD&A disclosures and other analyses, as needed
Oversee and review monthly NAV packages from the fund administrator.
Prepare and review monthly account reconciliations and fluctuation analyses
Preparation of quarterly board reporting
Assist in managing relationships and liaising with internal resources, fund administers and auditors to meet all daily, monthly, quarterly and annual deadlines.
Assist with monthly/quarterly close process and preparation of various financial statement account balance reconciliations and workpapers.
High level of interaction across the organization, including communications with portfolio managers, investor relations, operations, tax and financial reporting.
Review reporting to investors and internal constituents (portfolio managers, investor relations)
Work closely with operations and other groups in managing daily cash and position breaks
Manage daily cash activities, including processing of payments, depositing of checks and posting to the general ledger.
Prepare/review monthly portfolio position and cash reconciliations.
Prepare quarterly waterfall calculations and review monthly distribution reports from the trustee.
Participate and contribute to regular review of processes and deliverables to improve effectiveness, efficiency and accuracy.
Various ad-hoc/special projects.