Senior Associate, Fund Accounting

Fund Accounting Team Member

Over the last 20 years, Ares' success has been driven by our people and our culture. Today, our team is guided by our core values Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.

Job Description

• 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.

Qualifications

Technology Skills :

Reporting Relationships

Controller

Compensation

The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.

$130,000 - $160,000

The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical / Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.

Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.

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.