Associate Vice President - Fund Accounting

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 European Long-Term Investment Fund (ELTIF), which is an EU-regulated fund regime designed to channel capital into long-term, illiquid assets, with a primary focus on investment-related activities and accurately reporting the monthly/quarterly net asset value per share. The ELTIF is a sub-fund within a Société d’Investissement à Capital Variable (SICAV) which is domiciled in Luxembourg. The AVP will also be responsible for assisting with corporate accounting functions at Ares Management.

Primary Functions & Essential Responsibilities

• Assist with preparation of IFRS financial statements for monthly reporting and semi-annual and annual filings
• Preparation of quarterly footnote and management disclosures and other analyses, as needed
• Oversee and review monthly and quarterly NAV packages from the fund administrator
• Oversee monthly subscriptions process and work closely with wealth management and transfer agent to ensure timely and smooth fund flows
• Instruct and administer share class and asset class level hedging process, working with external provider.
• 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 administrators 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 management company with data for quarterly filings.
• Prepare monthly distribution calculations
• Facilitate redemption payments
• 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 subscription tax, tax estimates, and liabilities for all legal entities that require it.
• 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, and 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 / CA (preferred)

Experience Required:

• Minimum 6-9 years of experience in fund accounting preferred
• Experience with SICAV, ETLIF, or comparable structures preferred
• Public accounting experience, Big 4 (preferred)
• Industry experience preferred
• Public reporting experience
• Hedging 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 IFRS and 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

Fund Controller

Compensation

$160,000 - $180,000

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.