Vice President, Fund Accounting

Vice President, Ares Secondaries Finance Team

The Ares Secondaries team specializes in secondary market transactions of private equity, real estate, credit, and infrastructure investments with AUM of approximately $27 billion as of September 30, 2024. The team is currently looking to hire a Vice President to join our dynamic Finance team of approximately 60 professionals located in our West Hartford, CT, Boston, MA, and New York, NY locations.

Primary Functions and Essential Responsibilities

Responsibilities include :

• Supervise and develop staff at all levels with demonstrated ability to work with others through challenges and career development while providing ongoing training and feedback.
• Day-to-day oversight for numerous funds. Fund structures may include master-feeder structures, open-ended structures, closed-end structures in various countries including the U.S., and Luxembourg.
• Regularly review effectiveness of current processes and workflow, while proposing and implementing improvements.
• Manage quarterly close processes, including review work of accounting staff and third-party administrators, along with producing original workpapers and analyses.
• Review of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners.
• Review calculation of performance fees / waterfall calculations.
• Review regulatory compliance filings (e.g. Form ADV, Form PF, SLT, etc.)
• Review cash flow projections and daily cash management, including activity on credit lines, expected settlement timing of purchases and underlying investment cash activity, and timing of investor capital calls and distributions.
• Monitor compliance with the Fund's governing documents (e.g. Limited Partnership Agreement, Investment Management Agreement, investor side letters, etc.) and credit facilities, as applicable.
• Prepare and assist with ad-hoc limited partner reporting, analysis, and other requests.
• Review and understand complex fund terms, vehicles, and structures.
• Coordinate cash management with accounting team, investment team, and portfolio management.
• Review investor capital call and distribution calculations, and quarterly management company deliverables.

Qualifications

General Requirements :

Reporting Relationships : Chief Accounting Officer, Secondaries

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.