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Ares Management · 1 day ago

Senior Associate, Fund Accounting

New York, NY

Full-time

Onsite

Mid, Senior Level

$125K/yr - $160K/yr

4+ years exp

Ares Management is a leading global alternative investment manager dedicated to delivering attractive performance to investors. The Senior Associate, Fund Accounting will play a key role in the fund accounting team, focusing on operational efficiencies, liquidity management, and regulatory reporting while collaborating with various internal and external stakeholders.

Asset ManagementBusiness DevelopmentCreditFinanceFinancial ServicesInsurance

Growth Opportunities

H1B Sponsor Likely

Responsibilities

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 return, 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

Qualification

CPAU.S. GAAPFund AccountingAdvent GenevaExcelProblem-solvingAnalytical skillsCommunication skillsOrganizational skillsInterpersonal skills

Required

4-7 years of relevant professional experience

Public accounting (Big 4 accounting preferred) or public and private experience

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

Strong Excel skills (e.g. complex formulas, macros)

Preferred

CPA preferred

Advent Geneva experience a plus

PowerBI, Alteryx, or other business intelligence tools a plus

Benefits

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)

Commuter Benefits plan for parking and transit

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

Company

Ares Management

Glassdoor4.1

Ares Management is an alternative asset manager focusing on credit, private equity, and real estate.

Founded in 1997

Los Angeles, California, USA

1001-5000 employees

http://www.aresmgmt.com

H1B Sponsorship

Ares Management has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (7)

2023 (1)