Assistant Controller, Fund Accounting

0200 Ares Operations LLC; New York (NY); On-site; USD 160,000 - 180,000; Full time

Benefits offered by this job

Comprehensive Medical/Rx, Dental &

Vision plans

401(k) with company match

FSA

HSA with company contribution

Life Insurance (Basic & Voluntary)

Disability Insurance (LTD/STD)

Employee Assistance Program (EAP)

Commuter Benefits (parking & transit)

Wellbeing & financial wellness program

Job summary

Ares Management LLC seeks an Assistant Vice President to join the Secondaries Finance team across West Hartford, CT, Boston, MA, New York, NY and Mumbai. The role covers quarterly closes, complex fund accounting, waterfall calculations, cash management and investor reporting.

The position offers a base salary in the $160,000–$180,000 range with potential discretionary bonus. Collaboration with auditors and internal teams is essential in this growing alternative investment firm.

Qualifications

• Bachelor’s degree in accounting or finance.
• 7–10 years experience in private equity fund accounting or public accounting.
• Experience with evergreen vehicles and complex structures is desirable.
• Strong financial analysis, writing and presentation skills.
• Proficient in Excel and Word; knowledge of eFront is a plus.

Responsibilities

• Manage quarterly close processes and review accounting staff work.
• Prepare quarterly and annual GAAP financial statements and footnotes; capital account summaries.
• Calculate fund-level and investor-level waterfalls including carried interest and NAV accruals.
• Prepare and review cash flow projections and daily cash management.
• Coordinate with external auditors to meet audit deadlines.
• Prepare investor capital call and distribution calculations and reports.
• Monitor investments across limited partnerships and perform financial analyses.

Skills

Financial analysis

Attention to detail

Presentation skills

Team collaboration

Education

Bachelor's degree in accounting or finance

Tools

Microsoft Excel

eFront Software

Microsoft Word

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

• 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.

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

• Comprehensive Medical/Rx, Dental and Vision plans
• 401(k) program with company match
• Flexible Savings Accounts (FSA)
• Healthcare Savings Accounts (HSA) with company contribution
• Basic and Voluntary Life Insurance
• Long-Term Disability (LTD) and Short-Term Disability (STD) insurance
• Employee Assistance Program (EAP)
• Commuter Benefits plan for parking and transit

• Access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity 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 June 30, 2026, Ares Management's global platform had approximately $671 billion of assets under management(1) with more than 4,400 employees operating across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

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 June 30, 2026.