Senior Associate, Fund Accounting

Ares Management Corporation•New York, NY

1d•$130,000 - $160,000

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 several private fund portfolio companies of several public investment companies regulated by the investment company act of 1940. These private fund portfolio companies include an SEC-registered investment advisor and several joint ventures of the regulated companies.

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 with preparation of US GAAP financial statements for monthly, quarterly, and annual reporting deadlines for the various funds.
Prepare quarterly GAAP consolidated financial statements for an SEC-registered investment advisor, a controlled portfolio company of the Business Development Company (“BDC”).
Provide the regulated companies and management company with data for quarterly SEC filings.
Oversee and review daily and monthly NAV packages from the fund administrator.
Assist in managing relationships and liaising with internal resources, fund administers and auditors to meet all daily, monthly, quarterly and annual deadlines.
High level of interaction across the organization, including communications with portfolio managers, investor relations, operations, tax and financial reporting.
Assist with monthly/quarterly close process and preparation of various financial statement account balance reconciliations and workpapers.
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 for several private funds, including processing of payments, approving and coding invoices and posting to the general ledger.
Prepare quarterly waterfall calculations and review monthly distribution reports from the trustee.
Provide compliance reporting (Form PF, ADV, etc.)
Participate and contribute to regular review of processes and deliverables to improve effectiveness, efficiency and accuracy.
Various ad-hoc/special projects.