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Senior Associate, Fund Accounting

Company: Ares Management Corporation
Location: New York
Posted on: March 20, 2023

Job Description:

Senior Associate, Fund Accounting page is loaded Senior Associate, Fund Accounting Apply locations New York, NY - PARK time type Full time posted on Posted 8 Days Ago job requisition id R3808 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 DescriptionAres 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 oversight of publicly traded regulated investment companies, including a business development company "BDC", with a primary focus on investment related activities and accurately reporting the daily/monthly/quarterly net asset value per share for certain funds. The senior associate will also be responsible for assisting with corporate accounting functions across multiple public and private entities within the public credit accounting group at Ares Management.

  • Assist with preparation of US GAAP financial statements for monthly reporting and quarterly and annual SEC filings (10K, 10Q, 8K, N-2, etc.)
  • Review of NCSRS and NCSR reporting for the funds.
  • Review of monthly NPORT reporting
  • Preparation of quarterly footnote and MD&A disclosures and other analyses, as needed
  • Assist with monthly/quarterly close process and preparation of various financial statement account balance reconciliations and workpapers.
  • Assist in managing relationships and liaising with internal resources, offshore resources, fund administrators and auditors to meet daily, monthly, quarterly and annual reporting deadlines
  • High level of interaction across the organization, including communications with tax, operations, investor relations, financial reporting and portfolio management
  • Review reporting to investors and internal constituents (portfolio managers, investor relations)
  • Oversee and review daily and monthly NAV packages from the fund administrator
  • Provide compliance reporting (Form PF, ADV, etc.)
  • Work closely with operations and other groups in managing daily cash and position breaks
  • Assist in basic treasury functions, including opening/closing of bank accounts.
  • Support corporate real estate lease administration, including maintenance of landlord lease schedules, subtenant rent roll schedules, and subtenant cost recovery efforts.
  • Track and coordinate expense payments for the funds
  • 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 accuracyEducation:
    • Bachelor's degree in Accounting
    • CPA license preferredExperience Preferred & General Requirements:
      • 4-6 years of relevant professional experience (preferred)
      • CPA (preferred)
      • Public accounting experience, Big 4 (preferred)
      • Experience with bank debt
      • Ability to work in a fast-paced, high growth environment
      • Ability to assist in managing multiple third-party relationships
      • 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
      • Advent Geneva experience a plus
      • Microsoft Dynamics 365 experience a plus
      • Strong Excel skills (e.g. complex formulas, macros, VBA)
      • Power BI, Alteryx, Tableau or other business intelligence tools a plusReporting RelationshipsCompensationThe anticipated range for this position is $90,000 - $110,000 annual base salary plus annual discretionary performance-based bonus. Actual pay may be adjusted based on experience and performance. Benefits would include:
        • Medical/Rx, dental, vision, flexible spending accounts, Health Savings Account, company paid short-term and long-term disability, company paid and voluntary life insurance, parental leave, etc.
        • 401k plan with company match About Us Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2022, Ares Management's global platform had approximately $352 billion of assets under management(1) with approximately 2,500 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit . Follow Ares on Twitter @Ares_Management.Ares Management LLC (together with its related operating and administrative subsidiaries, "Ares Management") is an Equal Employment Opportunity employer and considers all applicants for employment without regard to race, color, religion, ethnicity, creed, sex, age, national origin, alienage or citizenship status, disability, medical condition, pregnancy, marital status, partnership status, sexual orientation, status regarding public assistance, military or veteran status, domestic violence victim status, gender identity and expression, transgender status, genetic information, status as unemployed, political affiliation or any other characteristic protected by federal, state or local law.Ares Management will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Fair Chance Initiative for Hiring Ordinance.(1) As of December 31, 2022. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser. -

Keywords: Ares Management Corporation, New York , Senior Associate, Fund Accounting, Accounting, Auditing , New York, New York

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