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Associate Vice President, Fund Accounting – NY – $140k–$180k base, robust benefits.
Lead BDC accounting, NAV reporting, SEC filings, and cross‑functional collaboration in fast‑paced environment.
Intro
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 Infrastructure accounting team. The AVP will be responsible for the day-to‑day accounting and reporting of a business development company "BDC", with a primary focus on investment related activities and accurately reporting the monthly/quarterly net asset value per share. The BDC is a registered investment company which is regulated by the investment company act of 1940. The AVP will also be responsible for assisting with corporate accounting functions at Ares Management.
Primary functions and essential responsibilities
- Assist with preparation of US GAAP financial statements for monthly reporting and quarterly and annual SEC filings (10K, 10Q, 8K, N-2, etc.).
- Preparation of quarterly footnote and MD&A disclosures and other analyses, as needed.
- Oversee and review 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, including processing 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 BDC and management company with data for quarterly SEC filings.
- Prepare quarterly distribution waterfall calculations.
- Provide and review detailed reporting to investors and internal constituents (portfolio managers, investor relations).
- Provide compliance reporting (Form PF, ADV, etc.).
- Work with the tax team to administer timely and thorough payment of tax estimates and liabilities for all legal entities that require special handling.
- Participate and contribute to firm initiatives and team specific projects and deliverables to improve effectiveness, efficiency, and accuracy.
- 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.
Qualifications
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 preferred
Public reporting experience
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
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.
$140,000 - $180,000
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.
Application
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.