Assistant Controller - Private Equity Fund Accounting

Ares Management; Boston (MA); On-site; USD 160,000 - 180,000; Full time

Benefits offered by this job

Medical, Dental & Vision

401(k) with company match

Flexible Spending Accounts

HSA with company contribution

Life Insurance

Disability insurance

Commuter benefits

Job summary

Ares Management is seeking an Assistant Vice President to join its Finance team in Boston. The role focuses on quarterly closes, GAAP reporting, waterfall calculations, cash flow management and investor reporting for multiple funds.

Candidates should have 7–10 years in private equity fund accounting or public accounting, with exposure to evergreen structures. Ideal applicants will demonstrate strong analytical, writing and presentation skills, plus proficiency in Excel/Word and reporting tools.

Qualifications

• Bachelor’s degree in accounting or finance.
• 7–10 years experience in private equity fund investment accounting or public accounting.
• Experience supporting evergreen/open-ended/interval/perpetual-capital structures desirable.

Responsibilities

• Manage quarterly close processes and review work by accounting staff and third-party administrators.
• Prepare quarterly and annual GAAP financial statements and footnote disclosures for multiple funds and capital accounts for LPs.
• Prepare complex fund-level and investor-level waterfall calculations including preferred returns and carried interest allocations.
• Prepare and review cash flow projections and daily cash management including NAV-based credit facilities and investor capital calls.
• Coordinate investor capital calls and distributions and quarterly management company deliverables.
• Facilitate wire payments to vendors and underlying investments.
• Monitor and report on fund investments across LP interests.
• Analyze financial statements from underlying fund managers.
• Assist with ad-hoc LP reporting and other requests.
• Coordinate with external auditors to ensure audit deadlines are met.

Skills

Financial analysis

Writing skills

Presentation skills

Independent worker

Team collaboration

Education

Bachelor's degree in accounting or finance

Tools

Microsoft Excel

Microsoft Word

eFront Software

Reporting tools

Job description

Ares Management is seeking an Assistant Vice President to join its Finance team in Boston. The role focuses on quarterly closes, GAAP reporting, waterfall calculations, cash flow management and investor reporting for multiple funds.

Candidates should have 7–10 years in private equity fund accounting or public accounting, with exposure to evergreen structures. Ideal applicants will demonstrate strong analytical, writing and presentation skills, plus proficiency in Excel/Word and reporting tools.