Senior Associate, Fund Accounting

Ares Operations•New York, NY

7d•$125,000 - $160,000

About The Position

Become a member of a dynamic, collaborative fund accounting team focused on the U.S. Direct Lending Private Funds platform. Participate in team projects and initiatives that focus on creating operational efficiencies and scale. Prepare weekly liquidity/cash flow projections to ensure our accounts have sufficient liquidity to meet future deal fundings. Collaborate and review capital call and distribution calculations and deliverables performed by the fund administrators. Manage 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. Prepare monthly expense accrual budgets and assist in the expense payment process. Review quarterly and annual financial statements and footnote disclosures. Prepare management company reporting for quarterly SEC filings. Assist with preparation of information provided to tax teams for quarterly tax estimates and annual returns. Prepare monthly and quarterly investor deliverables and other ad-hoc reporting for investor relations, analysts, and portfolio managers. Prepare 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. Prepare and/or 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.

Requirements

4-7 years of relevant professional experience
Public accounting (Big 4 accounting preferred) or public and private experience
CPA preferred
Experience with close-ended funds and open-ended funds
Experience with a variety of asset classes and investment types with an emphasis on credit products
Ability to work in a fast-paced, high growth environment
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

Participate in team projects and initiatives that focus on creating operational efficiencies and scale.
Prepare weekly liquidity/cash flow projections to ensure our accounts have sufficient liquidity to meet future deal fundings.
Collaborate and review capital call and distribution calculations and deliverables performed by the fund administrators.
Manage 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.
Prepare monthly expense accrual budgets and assist in the expense payment process.
Review quarterly and annual financial statements and footnote disclosures.
Prepare management company reporting for quarterly SEC filings.
Assist with preparation of information provided to tax teams for quarterly tax estimates and annual returns.
Prepare monthly and quarterly investor deliverables and other ad-hoc reporting for investor relations, analysts, and portfolio managers.
Prepare 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.
Prepare and/or 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.