Associate, F&A

Ares Management LLC; New York (NY); On-site; USD 100,000 - 130,000; Full time

Benefits offered by this job

Medical/Rx

Dental & Vision

401(k) with match

FSA/HSA

Life Insurance

Disability Insurance

EAP

Commuter Benefits

Job summary

Ares Management LLC is seeking an Associate to join the Registered Secondaries Accounting team in New York. The role focuses on supporting the NAV process, monthly closes, and regulatory reporting for private equity secondaries, collaborating with fund administrators and internal teams to ensure accurate, timely fund reporting.

Ideal candidates have 2–4 years of fund or private equity accounting experience, strong Excel skills, and familiarity with US GAAP investment company accounting and fund

Qualifications

• Bachelor’s degree in accounting or finance.
• 2–4 years of fund accounting or private equity accounting experience.
• Familiarity with US GAAP investment company accounting and fund reporting is a plus.
• Experience with Advent Geneva, eFront, Microsoft Dynamics 365 Business Central, OneStream or similar systems is a plus.

Responsibilities

• Support the monthly NAV process, including preparation and review of fund administrator packages, cash and position reconciliations, and follow-up on identified breaks.
• Assist with monthly and quarterly closes, including journal entries, account reconciliations, supporting schedules and close workpapers.
• Track and reconcile cash activity, investment activity, capital calls, distributions, fees and expenses for private equity secondary investments and related fund structures.
• Process and monitor fund cash activity, including invoices, wire requests and payments to underlying investments, vendors and other third parties, in accordance with established controls.
• Analyze financial statements, capital account statements and transaction notices received from underlying fund managers and support the recording of investment activity.
• Assist in reviewing fund general ledgers, trial balances, administrator records and custody records and resolve reconciling items timely.
• Prepare and review registered fund regulatory reporting, including Form N-PORT, Form N-2, Form N-CSR, Form N-CSRS as applicable, and support other SEC and compliance reporting requirements.
• Assist with fund expense budgeting, accruals and variance analysis.
• Prepare recurring and ad hoc reporting for portfolio management, investor relations, legal, compliance, tax and other internal stakeholders.
• Coordinate with the fund administrator, auditors and internal teams to support reporting deadlines and audit requests.
• Participate in process improvement, automation and scalability initiatives; assist with other special projects as needed.

Skills

Attention to detail

Analytical skills

Excel proficiency

Communication skills

Education

Bachelor's degree in accounting or finance

Tools

Advent Geneva

eFront

Dynamics 365 Business Central

OneStream

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

Ares Management is seeking an Associate to join the Registered Secondaries Accounting team. The Associate will support the day-to-day accounting, financial reporting, net asset value (NAV) processes and operational control environment for registered investment companies investing in private equity secondaries and related structures. The individual will work closely with the fund administrator and internal accounting, operations, valuation, legal, compliance, tax and investor-relations teams to deliver accurate and timely fund reporting.

Responsibilities Include

Primary functions and essential responsibilities

• Support the monthly NAV process, including preparation and review of fund administrator packages, cash and position reconciliations, and follow-up on identified breaks.
• Assist with monthly and quarterly closes, including journal entries, account reconciliations, supporting schedules and close workpapers.
• Track and reconcile cash activity, investment activity, capital calls, distributions, fees and expenses for private equity secondary investments and related fund structures.
• Process and monitor fund cash activity, including invoices, wire requests and payments to underlying investments, vendors and other third parties, in accordance with established controls.
• Analyze financial statements, capital account statements and transaction notices received from underlying fund managers and support the recording of investment activity.
• Assist in reviewing fund general ledgers, trial balances, administrator records and custody records and resolve reconciling items timely.
• Prepare and review registered fund regulatory reporting, including Form N-PORT, Form N-2, Form N-CSR, Form N-CSRS as applicable, and support other SEC and compliance reporting requirements.
• Assist with fund expense budgeting, accruals and variance analysis.
• Prepare recurring and ad hoc reporting for portfolio management, investor relations, legal, compliance, tax and other internal stakeholders.
• Coordinate with the fund administrator, auditors and internal teams to support reporting deadlines and audit requests.
• Participate in process improvement, automation and scalability initiatives; assist with other special projects as needed.

Qualifications

Education: Bachelor’s degree in accounting or finance

Experience Required

• 2-4 years of experience in fund accounting, investment accounting, private equity accounting, registered funds or public accounting.
• Experience supporting private equity or other alternative investment products preferred.
• Familiarity with US GAAP investment company accounting and registered fund reporting is a plus.
• Experience with Advent Geneva, eFront, Microsoft Dynamics 365 Business Central, OneStream or similar systems is a plus.

General Requirements

• Strong attention to detail, organizational skills and ownership of assigned deliverables.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Ability to work independently while collaborating effectively across internal and external teams.
• Strong analytical, problem-solving, written and verbal communication skills.
• Proficiency in Microsoft Excel and Word; experience with data analytics or automation tools is a plus.
• Strong work ethic, intellectual curiosity and commitment to maintaining effective controls and high-quality financial reporting.

Reporting Relationships

Chief Accounting Officer, Registered Products, Secondaries

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.

$100,000 - $130,000

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

• 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

Ares offers a number of additional benefits including

• 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

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.