Verified Job
Accounting - Finance
Associate Fund Accounting
Accounting - Finance
#321728
Remote / WFH
Job Description
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
• Be a member of the team focused on Fund Accounting, initially supporting Ares’ Private Equity and Special Opportunities / Special Situations businesses.
• Ensure process and procedures are adequate to meet quality standards and are consistently applied and regularly reviewed.
• Work with and liaise with internal resources (primarily colleagues in the U.S.), external fund administrators, and external auditors to meet all monthly, quarterly and annual reporting deadlines.
• Perform monthly and quarterly close processes, including review work of external administrators, along with producing original workpapers and analyses.
• Review and/or reperform quarterly and annual GAAP financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners.
• Review and/or reperform calculation of management fees and complex waterfall calculations.
• Produce cash flow projections and analyze daily cash management, including activity on credit lines, expected settlement timing of purchases and sales, and timing of capital calls and capital distributions.
• Monitor compliance with the Fund’s Limited Partnership Agreements and credit facilities, including the preparation or review of compliance reporting.
• Prepare and assist with ad-hoc limited partner reporting, analyst and front-office requests, working in conjunction with colleagues in Los Angeles to ensure timely response to our investors
• Assist with preparation of information provided to tax team for quarterly tax estimates and annual returns.
• Review and approval of expense activity
• Actively work on continuous improvement as we work to build out our new Ares India office.
Reporting Relationships
Associate Vice President, Fund Accounting
Job Description
• Be a member of the team focused on Fund Accounting, initially supporting Ares’ Private Equity and Special Opportunities / Special Situations businesses.
• Ensure process and procedures are adequate to meet quality standards and are consistently applied and regularly reviewed.
• Work with and liaise with internal resources (primarily colleagues in the U.S.), external fund administrators, and external auditors to meet all monthly, quarterly and annual reporting deadlines.
• Perform monthly and quarterly close processes, including review work of external administrators, along with producing original workpapers and analyses.
• Review and/or reperform quarterly and annual GAAP financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners.
• Review and/or reperform calculation of management fees and complex waterfall calculations.
• Produce cash flow projections and analyze daily cash management, including activity on credit lines, expected settlement timing of purchases and sales, and timing of capital calls and capital distributions.
• Monitor compliance with the Fund’s Limited Partnership Agreements and credit facilities, including the preparation or review of compliance reporting.
• Prepare and assist with ad-hoc limited partner reporting, analyst and front-office requests, working in conjunction with colleagues in Los Angeles to ensure timely response to our investors
• Assist with preparation of information provided to tax team for quarterly tax estimates and annual returns.
• Review and approval of expense activity
• Actively work on continuous improvement as we work to build out our new Ares India office.
Reporting Relationships
Associate Vice President, Fund Accounting
