Associate, Fund Accounting ( Strategic Partnership)

Ares Management LLC; Mumbai City; On-site; INR 1,800,000 - 2,100,000; Full time

Job summary

Ares Management Corporation in Mumbai, India seeks a seasoned fund accounting professional to manage day-to-day fund operations, investor reporting and GAAP disclosures. The role emphasizes accuracy in cash, capital calls, expenses, and regulatory filings.

Ideal candidates have 3–5 years' experience in credit or private equity fund accounting, with GAAP knowledge and proficiency in Geneva, Power BI, Excel, and BI tools. Big 4 or asset management exposure is preferred.

Qualifications

• Bachelor's Degree required in Finance, Accounting or Economics from accredited institution.
• Chartered Accountant or CPA license preferred
• 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

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.

Skills

Fund accounting

GAAP

Excel

Power BI

SQL basics

Education

Bachelor's Degree

CA/CPA preferred

Tools

Geneva

Tableau

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