AVP, Fund Accounting

Requirements

• Education:
• Bachelor's Degree in Accounting, Finance, or related field
• Certification:
• CPA (preferred)
• Experience Required:
• Minimum 6-9 years of experience in fund accounting preferred
• Public accounting experience, Big 4 (preferred)
• Industry experience, specifically with bank debt preferred
• Experience with Advent Geneva, Microsoft Dynamics 365 Business Central or Onestream software a plus
• General Requirements:
• Ability to work independently in a fast-paced, high growth environment
• Highly motivated team player with a strong work ethic
• Strong understanding of US GAAP
• Strong knowledge of accounting principles, financial instruments, and regulatory requirements
• 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
• Excellent organizational and interpersonal skills
• Intermediate or advanced Excel user (e.g. complex formulas, macros)
• PowerBI, Alteryx, Anaplan or other business intelligence tools a plus
• Reporting Relationships

Benefits

Additional Information

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 Ares Management is seeking an Associate Vice President ("AVP") for our US Public Credit accounting team. The AVP will be responsible for the day-to-day accounting and oversight of several controlled portfolio companies of publicly traded business development companies ("BDCs"). Primary functions and essential responsibilities Assist with preparation of US GAAP financial statements for monthly, quarterly, semi-annual, and annual reporting deadlines for the various funds. Prepare quarterly GAAP consolidated financial statements for an SEC-registered investment advisor. Oversee and review daily, monthly and quarterly NAV packages from the fund administrator. Assist with monthly/quarterly close process and preparation of various financial statement account balance reconciliations and workpapers. Work closely with operations and other groups in managing daily cash and position breaks Manage daily cash activities for several funds, including processing of payments, approving and coding invoices and posting to the general ledger. Assist in managing relationships and liaising with internal resources, fund administers and auditors to meet all deadlines. High level of interaction across the organization, including communications with portfolio managers, investor relations, legal, compliance, operations, tax, FP&A and financial reporting. Provide the BDCs and management company with data for quarterly SEC filings. Prepare quarterly waterfall calculations and review monthly distribution reports from the trustee. Provide and review detailed reporting to investors and internal constituents (portfolio managers, investor relations) Provide compliance reporting (Form PF, ADV, etc.) Participate and contribute to regular review of processes and deliverables to improve effectiveness, efficiency, accuracy to ensure scalability as the firm continues to grow rapidly. Various ad-hoc/special projects.

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