Ares Management · New York, NYPrepare for this interview
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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 Secondaries accounting team. The AVP will be responsible for the day-to-day accounting and oversight of several private funds and accurately reporting the daily net asset value per share for several public investment companies regulated by the investment company act of 1940. 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, valuation group, investor relations, legal, compliance, operations, tax, FP&A and financial reporting. Provide the management company with data for quarterly SEC filings. Coordinate all line of credit activity, including borrowings and repayments, compliance certifications, and preparation of borrowing base calculations. Review fund operating expense budgets and accruals including variance analysis Review of NQ, NCSRS and NCSR reporting for the funds. Review of monthly NPORT reporting 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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