Assistant Controller, Fund Accounting

Ares Management

New York (NY)

On-site

USD 160,000 - 180,000

Full time

5 days ago

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Benefits offered by this job

Comprehensive Medical/Rx, Dental and V

401(k) with company match

Flexible Savings Accounts

HSA with company contribution

Life Insurance

Disability insurance

Employee Assistance Program

Commuter Benefits

Education sponsorship

Parental leave

Adoption assistance

Emergency backup care

Job summary

Ares Management seeks an Assistant Vice President for the Secondaries Finance team in the United States. The role involves coordinating quarterly closes, GAAP reporting, and complex waterfall calculations for multiple funds and partners.

Located in multiple U.S. offices (CT/MA/NY) or Mumbai, the role emphasizes accuracy, analysis, and collaboration with auditors and external vendors. Competitive base salary and bonuses are offered.

Qualifications

Bachelor's degree in accounting or finance.
7–10 years experience in private equity fund investment accounting or public accounting.
Experience with evergreen/open-ended/perpetual-capital structures is highly desirable.

Responsibilities

Manage quarterly close processes with accounting staff and third-party admins; produce workpapers and analyses.
Prepare quarterly and annual GAAP financial statements and footnote disclosures for funds and capital accounts for LPs.
Compute fund-level and investor-level waterfall calculations including preferred returns and carried interest.

Skills

Financial analysis

Attention to detail

Written and oral communication

Education

Bachelor's degree in accounting or finance

Tools

Microsoft Excel

Microsoft Word

eFront Software

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

The Ares Secondaries team specializes in secondary market transactions of private equity, real estate, credit and infrastructure investments with AUM of approximately $46 billion as of September 30, 2026. The team is currently looking to hire an Assistant Vice President to join our dynamic Finance team of approximately 45 professionals located in our West Hartford, CT, Boston, MA, New York, NY and Mumbai locations.

Primary functions and essential responsibilities

Responsibilities

Manage quarterly close processes, including review work of accounting staff and third-party administrators, along with producing original workpapers and analyses.
Preparation of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners.
Preparation of complex fund-level and investor-level waterfall calculations, including preferred returns, return of capital, catch-up provisions, carried interest/performance allocations, and related NAV-based accruals.
Preparation and review cash flow projections and daily cash management, including activity on subscription credit lines, NAV based credit facility, expected settlement timing of purchases and underlying investment cash activity, and timing of investor capital calls and distributions.
Preparation and review of investor capital call and distribution calculations and quarterly management company deliverables.
Facilitate wire payments to vendors, to/from underlying investments and third parties.
Monitor and report on fund investments across various limited partnership interests.
Perform a detailed analysis of financial statements from underlying fund managers.
Prepare and assist with ad-hoc limited partner reporting, analysis and other requests.
Coordinate with external auditors to ensure audit deadlines are met.

Qualifications

Minimum of a Bachelor's degree in accounting or finance
Experience Required: 7-10 years experience in private equity fund investment accounting or public accounting.
Experience supporting evergreen, open-ended, interval, perpetual-capital, or similar structures is highly desirable.

General Requirements

Strong record of academic achievement and will be self-motivated.
Ability to work both independently and as a productive member of a team.
Strong financial analysis, writing and presentation skills.
Proficient in Microsoft Excel and Word.
Strong work ethic, detail oriented and strong organization skills.
Working understanding of evergreen vehicles with complex structures and allocations.
Advanced computer skills including Microsoft Office, eFront Software and reporting skills a plus.

Reporting Relationships

Principal, Fund Accounting & Portfolio Analytics

Compensation

The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.

$160,000 - $180,000

Benefits

The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include