Senior Associate, Fund Accounting

About the role

Ares Management is seeking a Senior Associate for our US Public Credit accounting team. The Senior Associate will be responsible for the day-to-day accounting and oversight of several publicly traded business development companies (“BDCs”).

Responsibilities

• Assist in preparation of US GAAP financial statements for monthly reporting and quarterly and annual SEC filings (10K, 10Q, 8K, N-2, etc.)
• Prepare quarterly GAAP consolidated financial statements for an SEC-registered investment advisor, a controlled portfolio company of the BDC
• Prepare quarterly footnote and MD&A disclosures and other analyses, as needed
• Oversee and review monthly NAV packages from the fund administrator
• Prepare and review monthly account reconciliations and fluctuation analyses
• Prepare quarterly board reporting
• Assist in managing relationships and liaising with internal resources, fund administrators, and auditors to meet all daily, monthly, quarterly, and annual deadlines
• Assist with monthly/quarterly close process and preparation of various financial statement account balance reconciliations and workpapers
• Engage in high-level interaction across the organization, including communications with portfolio managers, investor relations, operations, tax, and financial reporting
• Review reporting to investors and internal constituents (portfolio managers, investor relations)
• Work closely with operations and other groups in managing daily cash and position breaks
• Manage daily cash activities, including processing of payments, depositing of checks, and posting to the general ledger
• Prepare/review monthly portfolio position and cash reconciliations
• Prepare quarterly waterfall calculations and review monthly distribution reports from the trustee
• Participate and contribute to regular review of processes and deliverables to improve effectiveness, efficiency, and accuracy
• Handle various ad-hoc/special projects

Requirements

• Bachelor’s Degree in Accounting, Finance, or related field
• CPA or relevant certification is a plus
• 4-6 years of relevant professional experience (preferred)
• Public Accounting experience, Big 4 (preferred)
• Industry experience, specifically with credit-related investments
• Experience with Advent Geneva, Microsoft Dynamics 365 Business Central, and OneStream software is a plus

Skills

• Ability to work independently in a fast-paced, high-growth environment
• Highly motivated team player with a strong work ethic
• Strong knowledge of accounting principles, financial instruments, and regulatory requirements
• Strong understanding of U.S. GAAP
• Strong problem-solving and analytical skills
• Strong verbal and written communication skills; ability to analyze and summarize complex information both verbally and in writing
• Ability to multi-task and manage various deadlines
• Strong Excel skills (e.g., complex formulas, macros)
• Experience with Power BI, Alteryx, Tableau, or other business intelligence tools is a plus

Pay

The anticipated base salary range for this position is $130,000 - $160,000. Total compensation may also include a discretionary performance-based bonus.

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
• Mental health app that includes coaching, therapy, and psychiatry
• 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