Senior Associate, Fund Accounting

Fund Accounting Team Member

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 returns, 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 :

• 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

Technology Skills :

Reporting Relationships : Controller

Compensation : $125,000 - $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.