Associate Vice President, Fund Accounting – Venture Capital

Ares Management; San Francisco (CA); On-site; USD 160,000 - 180,000; Full time

Benefits offered by this job

Comprehensive medical/Rx, dental and vision plans

401(k) program with company match

Flexible Savings Accounts (FSA)

Job summary

Ares Management is looking for an Associate Vice President (AVP) for our Venture Capital fund accounting team. In this role, you will oversee daily accounting responsibilities and ensure timely financial reporting across multiple funds.

The ideal candidate will have a Bachelor's degree in Accounting or Finance, with 6-9 years of relevant experience in fund accounting. Strong analytical and interpersonal skills, as well as advanced Excel capabilities, are essential. Compensation includes a base salary of $160,000 - $180,000 plus robust benefits.

Qualifications

• Minimum 6-9 years of experience in fund accounting preferred.
• Public accounting experience, Big 4 (preferred).
• Strong verbal and written communication skills.

Responsibilities

• Oversee and review quarterly NAV packages.
• Assist with preparation of US GAAP financial statements.
• Manage daily cash activities for several funds.

Skills

US GAAP understanding

Analytical skills

Excel (intermediate or advanced)

Problem-solving skills

Interpersonal skills

Education

Bachelor’s Degree in Accounting, Finance, or related field

Tools

PowerBI

Alteryx

Anaplan

Job description

Overview

Ares Management is seeking an Associate Vice President (AVP) for our Venture Capital fund accounting team. The AVP will be responsible for the day-to-day accounting and oversight of several private funds.

Responsibilities

• Assist with preparation of US GAAP financial statements for quarterly and annual reporting deadlines for the various funds.
• Oversee and review quarterly NAV packages from the fund administrator.
• Assist with quarterly close process and preparation of various financial statement account balance reconciliations and workpapers.
• Work closely with operations and other groups in managing daily cash and position breaks.
• Manage daily cash activities for several funds, including processing of payments, approving and coding invoices and posting to the general ledger.
• Assist in managing relationships and liaising with internal resources, fund administrators and auditors to meet all deadlines.
• High level of interaction across the organization, including communications with portfolio managers, investor relations, legal, compliance, operations, tax, FP&A and financial reporting.
• Provide and review detailed reporting to investors and internal constituents (portfolio managers, investor relations).
• Provide compliance reporting (Form PF, ADV, etc.).
• Participate and contribute to regular review of processes and deliverables to improve effectiveness, efficiency, accuracy to ensure scalability as the firm continues to grow rapidly.
• Various ad-hoc/special projects.

Qualifications

• Education:
  Bachelor’s Degree in Accounting, Finance, or related field

• Certification:
  CPA (preferred)

• Experience Required:
  Minimum 6-9 years of experience in fund accounting preferred
• Public accounting experience, Big 4 (preferred)
• Industry experience, specifically with venture capital preferred

• General Requirements:
  Ability to work independently in a fast-paced, high growth environment
• Highly motivated team player with a strong work ethic
• Strong understanding of US GAAP
• Strong knowledge of accounting principles, financial instruments, and regulatory requirements
• Strong problem-solving and analytical skills
• Strong verbal and written skills; ability to analyze and summarize complex information both verbally and in writing
• Ability to multi-task and manage various deadlines
• Excellent organizational and interpersonal skills
• Intermediate or advanced Excel user (e.g. complex formulas, macros)
• PowerBI, Alteryx, Anaplan or other business intelligence tools a plus

Reporting Relationships

Fund Controller

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

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); Health 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), and 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.