Analyst, Fund Accounting

Ares Management Corporation; Mumbai; On-site; INR 2,000,000 - 2,800,000; Full time

Job summary

Ares Management Corporation in Mumbai seeks an experienced Fund Controller to manage monthly NAV packages, close processes, and regulatory reporting for multiple funds. You will collaborate with portfolio managers, investor relations, tax, and auditors to ensure timely and accurate financial reporting.

Ideal candidates have 6–9 years in fund accounting, CA/CPA credentials, and advanced Excel skills; knowledge of Advent Geneva and BI tools is a plus. This is a full-time role based in Mumbai.

Qualifications

• Bachelor's degree in Finance or Accounting from an accredited institution.
• Chartered Accountant or CPA license.
• Approximately 6-9 years of relevant work experience.

Responsibilities

• Oversee and review monthly NAV packages from the fund administrator, including calculation of management and performance fees, as applicable.
• Manage monthly and quarterly close processes, including reviewing work performed by the fund administrators along with producing original workpapers and analyses.
• Liaise with portfolio managers, investor relations, operations, tax and financial reporting to meet monthly, quarterly and annual reporting deadlines.
• Work with operations to manage cash and position breaks.
• Review GAAP/IFRS/LUX financial statements and footnote disclosures for multiple funds and capital account summaries.
• Review regulatory filings (e.g. Form ADV, Form PF, SLT).
• Review calculation of management fees, incentive fee/carry, PCAPS & complex waterfall calculations.
• Perform reporting activities (AUM submission, mgmt. fees/incentive fees, LP/GP/Co-invest Nav, IRR).
• Review US GAAP financial statements for monthly and SEC filings (10K, 10Q, 8K, N-2).
• Review cash flow projections and daily cash management, including credit lines and capital calls/distributions.
• Monitor compliance with governing documents and credit facilities.
• Prepare ad-hoc reporting for LPs and front-office; assist tax with quarterly estimates and annual returns.
• Assist with review of information for tax team and annual returns.
• Review and approve expense activity and bank wires.
• Lead continuous improvement initiatives for process efficiency and controls.

Skills

Financial analysis

Analytical thinking

Communication skills

Team mentoring

Deadline management

Education

Bachelor's degree in Finance or Accounting

Chartered Accountant or CPA license

Tools

Advent Geneva

Power BI

Tableau

Alteryx

Excel VBA

Job description

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

PRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES

• Oversee and review monthly NAV packages from the fund administrator, including calculation of management and performance fees, as applicable.
• Manage monthly and quarterly close processes, including reviewing work performed by the fund administrators along with producing original workpapers and analyses.
• Work with and liaise with teams across the organization, including communications with portfolio managers, investor relations, operations, tax and financial reporting along with external fund administrators and external auditors to meet all monthly, quarterly and annual reporting deadlines.
• Work closely with operations and other groups in managing cash and position breaks.
• Review of quarterly and annual GAAP/IFRS/LUX (SARL) financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners.
• Review regulatory compliance filings (e.g. Form ADV, Form PF, SLT, etc.)
• Review calculation of management fees, incentive fee/carry, PCAPS & complex waterfall calculations.
• Perform management company reporting activities on a quarterly basis, such as AUM submission, mgmt. fees/incentive fees reporting, LP/GP/Co invest Nav, IRR etc
• Review of US GAAP financial statements for monthly reporting and quarterly and annual SEC filings (10K, 10Q, 8K, N-2, etc.).
• Review cash flow projections and daily cash management, including activity on credit lines, expected settlement timing of purchases and sales, and timing of capital calls and capital distributions.
• Monitor compliance with the Fund’s governing documents (e.g. Limited Partnership Agreement, Investment Management Agreement, investor side letters, etc.) and credit facilities, as applicable.
• Prepare and assist with ad-hoc limited partner reporting, analyst and front-office requests.
• Assist with review of information provided to the tax team for tax estimates and annual returns.
• Review and approval of expense activity and authorization of bank wires.
• Participate in team projects and initiatives for process improvements.
• Assist with preparation of information provided to tax team for quarterly tax estimates and annual returns.
• Review and approval of expense activity and authorization of bank wires.
• Actively work on continuous improvement focusing on creating operational efficiency and better controls.
• Provide overall direction to fund accounting team to assure synchronized teamwork that accomplishes monthly, quarterly and annual financial and operational goals & objectives.
• Ensure process and procedures are adequate to meet quality standards and are consistently applied and regularly reviewed

Qualifications

• Approximately 6-9 years of relevant work experience
• Bachelors’ degree in related field (Finance, Accounting) from an accredited institution
• Chartered Accountant or CPA license

General Requirements

• Ability to work in a fast-paced, high growth environment; excited about working in a start-up environment with the backing and infrastructure of a well-established industry leader.
• Excited about team building and mentoring junior colleagues.
• Excellent communication skills and the ability to analyze and summarize complex information both verbally and in writing with internal and external stake holders.
• Strong problem-solving and analytical skills; ability to multi-task and manage various deadlines.
• Excellent organizational and interpersonal skills; attention to detail and timelines required.
• Strong knowledge of accounting, generally accepted accounting principles and financial reporting is required.
• Experience with open- and close-ended funds along with in depth understanding of complex fund structures in both private equity and open-ended funds.
• Experience in either working as an auditor in alternative investment space or experience of closely working with internal and external auditors.
• Strong problem-solving and analytical skills; ability to multi-task and manage various deadlines.
• Excellent organizational and interpersonal skills; attention to detail and timelines required.
• Experience with Advent Geneva is a plus.
• Experience with Microsoft Power BI, Tableau or Alteryx is a plus.
• Advance knowledge of Excel is required (advanced skills such as VBA is a plus).

Reporting Relationships

Fund Controller

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.