Associate, Fund Accounting ( Strategic Partnership)

aresmgmt; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Ares Management in Mumbai seeks a detail-oriented fund accounting professional to support day-to-day fund operations, reporting to investors, and GAAP disclosures.

You will review cash activity, update projections, manage capital calls and distributions, and assist with quarterly statements and NAV estimates. Proficiency in Excel and BI tools is important; experience with Geneva is a plus.

Qualifications

• 3–5 years of experience in credit, fund-of-fund or private equity fund accounting preferred.
• Strong proficiency in Excel, Power BI and GAAP knowledge.
• Bachelor’s degree in Finance/Accounting/Economics; CPA/CA preferred.

Responsibilities

• Day-to-day hands-on responsibilities for fund operations, fund reporting and investor reporting.
• Daily review of cash activity and system bookings; update cash projections and LP capital calls & distributions.
• Monitor capital calls/distributions; prepare detailed capital activity descriptions and final packages.
• Process and review ongoing operating expenses; prepare quarterly budgets and accruals.
• Compile data for regulatory filings (Form ADV, Form PF, AIFMD, Form SLT) and assist GAAP financial statements.
• Assist with quarterly NAV/AUM estimates and external reporting timelines.
• Coordinate with external fund administrators and internal teams; support automation and process improvements.

Skills

Excel

Power BI

GAAP

Financial analysis

Education

Bachelor’s Degree in Finance/Accounting/Economics

CPA or CA preferred

Tools

Geneva

Power BI

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

• Day-to-day hands-on responsibilities for fund operations, fund reporting and investor reporting.
• 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.
• Compile data for and perform detailed review of regulatory compliance filings, including Form ADV, Form PF, AIFMD Filings, Form SLT, etc.
• Process improvement, identify manual steps, recurring errors, and reconciliation issues; propose automation or standardization opportunities
• Assist with review of monthly cash and investment transactions and holdings, including flux analysis and research and resolving any breaks.
• Assist with preparation and detailed review of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds.
• 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.
• 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

EXPERIENCE REQUIRED

• Minimum 3-5 years of experience in credit, fund-of-fund or private equity fund accounting preferred.
• Big 4 audit firms/ Asset Manager Industry experience preferred.
• Strong understanding of U.S. GAAP
• Familiarity with systems such as Geneva and Power BI highly desirable.
• Strong proficiency in Excel, PowerPoint and Word (e.g.: complex formulas, macros)
• Experience with Power BI, Tableau or other business intelligence tools, a plus

GENERAL REQUIREMENTS

• Ability to work independently in a fast-paced, high growth environment.
• Highly motivated team player with a strong work ethic.
• Flexibility in switching priorities or assisting the team when called to over personal tasks
• Highest degree of integrity, motivation and intellectual curiosity
• Excellent verbal and written communication skills - Ability to analyze and summarize complex information both verbally and in writing with colleagues in the United States
• Strong problem-solving and analytical skills - research and leverage available resources to accomplish the task at hand
• Ability to multi-task, prioritize/manage deadlines.
• Intermediate or advanced Excel user.
• Excellent organizational and interpersonal skills; attention to detail and timelines required
• Knowledge of private equity structures, fixed income securities, debt instruments, alternative investments, securitization, or other investment products preferred
• Proven experience of collaborating with teams in remote locations to ensure efficiency, effectiveness and high level of supervisory oversight
• Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment
• Energetic, self-motivated, and team-oriented approach; a zest for challenges in a fast-paced, dynamic environment – often under pressure to meet demanding deadlines
• Strong work ethic, an entrepreneurial spirit and a desire to learn
• Dependable, great attitude, highly motivated and a team player

Reporting Relationships

Principal, Strategic Partnerships

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.