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
Day-to-day hands-on responsibilities for fund operations, fund reporting and investor reporting. Fund structures may include fund-of-fund structures, closed-ended structures, domiciled in various jurisdictions including the U.S., Cayman Islands and Luxembourg.
Timely detailed review of monthly/quarterly NAV packages received from fund administrator(s)
Assist with preparation and detailed review of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds
Compile data for and perform detailed review of regulatory compliance filings, including Form ADV, Form PF, AIFMD Filings, Form SLT, etc
Daily detailed review of cash activity and corresponding system bookings. Update cash projections, including expected settlement timing of investment activity (i.e.: interest payments, fundings and realizations), payment of expenses, and timing of LP capital calls and capital distributions.
Daily monitoring of capital call and distribution requirements, preparation of detailed capital activity descriptions, detailed review of allocations from the Fund administrator and compilation of final capital activity package.
Processing and detailed review of ongoing operating expenses, including invoice set-up, GL coding and payment wires. Prepare quarterly expense budget including payments for the quarter and accruals for unpaid expenses.
Assist with preparation of quarterly NAV/AUM estimates and completing required templates on an accelerated timeline, used by the Management company in firmwide quarterly results
Compilation of investor reporting packages which entails coordination across various teams
Participate and contribute to regular detailed review of processes and deliverables to improve effectiveness, efficiency, and accuracy.
Various ad-hoc/special projects
Hands-on production, detail-orientation and critical thinking, as well as productive and effective coordination with external fund administrators, other F&A/internal teams.
Adapt to an environment of teamwork, collaboration, integrity, self-awareness, diligence, ownership and accountability.
EDUCATION:
Bachelor’s Degree required in related field (Finance, Accounting or Economics) from accredited institution
Chartered Accountant or CPA license preferred; Open to MBA candidates with relevant experience
EXPERIENCE REQUIRED:
Minimum 5-8 years of experience in Private Equity Fund accounting preferred
Industry experience preferred
Broad investment accounting experience across alternatives strategies (ie: private equity, credit, real assets and partnership interests)
Broad fund structure exposure, in particular closed-ended funds and fund-of-funds structures.
Reporting Relationships
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.
