AVP, Assistant Fund Controller (Real Assets Digital Infrastructure)

Ares Management Corporation; Chicago (IL); On-site; USD 130,000 - 170,000; Full time

Benefits offered by this job

Medical/Dental/Vision

401(k) with company match

FSAs/HSA

Life Insurance

Disability Insurance

Employee Assistance Program (EAP)

Commuter Benefits

Mental health & wellbeing app

Educational sponsorship

Job summary

Ares Management Corporation in Chicago seeks an Assistant Fund Controller for the Global Digital Infrastructure Accounting team. You will oversee day-to-day fund accounting, financial reporting and tax reporting for multiple funds and coordinate with external administrators and auditors.

You will analyze cash flows, monitor compliance with LPAs and credit facilities, and guide the fund's waterfall and leverage calculations in a fast-paced, growing environment.

Qualifications

• Bachelor's degree in accounting or finance required; CPA preferred.
• Experience in fund accounting or public accounting (Big 4 preferred) with 6–9 years of experience.
• Advanced Excel and financial modeling skills.

Responsibilities

• Oversee GAAP/IFRS financial statements and footnotes for multiple Funds.
• Review quarterly/annual reporting, investor statements, and management reports.
• Coordinate with external administrators, auditors, and tax providers.
• Monitor cash flow, capital calls, distributions, and leverage across funds.
• Assist in new fund launches and maintenance of fund track records.

Skills

Financial reporting

GAAP/IFRS knowledge

Stakeholder communication

Education

Bachelor's Degree

Active CPA preferred

Tools

Excel

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.

Ares Management is seeking an Assistant Fund Controller for the Global Digital Infrastructure Accounting team. The Assistant Fund Controller will be responsible for day-to-day oversight of multiple global funds and manage an external fund administrative team. Fund structures may include commingled equity close-ended funds, joint ventures and separate accounts across various tax sensitive regions (such as US, Singapore and Luxembourg). We are seeking a detail‑oriented and analytically strong Assistant Fund Controller to join our Real Assets Digital Infrastructure Finance & Accounting team with primary focus on financial reporting. The candidate will work closely with the US F&A team in partnering across our enterprise with portfolio management, investor relations, senior investment professionals, senior Finance leadership, tax preparers and external Fund Administrator. They will manage day-to-day Fund Accounting with respect to financial reporting, quarterly reporting, and tax reporting. This candidate will be expected to understand complex fund structures, waterfalls, track record, attribution, and gross to net return differences. This role will require a dynamic, adaptive, and agile hands‑on professional who will be capable of ensuring optimal performance and processes in a fast-paced rapidly growing environment.

Primary Functions and Essential Responsibilities

Financial Reporting and Management

• Work with and liaise with global internal resources (Colleagues in APAC, Americas and Europe) external Fund/SPV administrators, and external auditors to meet all quarterly, and annual reporting requirements/deadlines.
• Perform quarterly close processes, including review work of external administrators, along with producing workpapers and analysis.
• Review quarterly and annual GAAP or IFRS financial statements and footnote disclosures for multiple Funds, capital account summaries for limited partners, investor reports, presentations, questionnaires, and Management Co. reports feeding into Ares public filing.
• Produce cash flow projections and analyze daily cash management, including activity on credit lines, expected settlement timing of purchases and sales, and timing of capital calls and distributions.
• Monitor compliance with the Fund’s Limited Partnership Agreements and credit facilities, including the preparation or review of compliance reporting across global regions (US Corporate structure, Singapore, Luxembourg).
• Instruct and oversee global fund service providers (administrators, depositaries) to ensure performance is in line with agreed service levels.
• Instruct and oversee the acquisition and disposition onboarding/offboarding process across business units and 3rd parties.
• Liaise with a wide range of internal stakeholders and external service providers to ensure the quality and timely flow of financial data.
• Oversee calculation of property performance, AUM, NAV, management fees, promote allocations (fund level waterfalls) and cost recharges.
• Support preparation of financial statements, investor reports, partner capital statements, presentations, questionnaires and head office management reports.
• Provide deal support, including financial analysis and execution of deal cashflows.
• Monitor cash and manage cash distribution process.
• Assist in managing and reporting multicurrency Fund level leverage and cash balances.
• Allocate and review costs and expense recharges.
• Manage Fund and jurisdictional audit and tax reporting processes.
• Participate in any new Fund launches.
• Help maintain financial data inputs for the Fund track record.
• Maintain Fund dashboard.
• Review capital call and distribution notices and cash allocation schedules.
• Support on DDQ and presentations for fundraising.
• Work with team to implement technology that helps automate processes for better efficiency, accuracy and consistency.

Portfolio Management

• Contribute to the valuation process, calculation of gross to net adjustments.
• Candidate to have general understanding of real estate valuations.
• Support investment decision process by maintaining fund models, proving scenario/sensitivity analysis, key property and financial metrics and KPIs.
• Support budgeting and forecasting process with calculation of management fees and promote.
• Support risk management processes with qualitative and quantitative fund data.
• Treasury Cash management, including oversight of fund reserves and cash requirements.
• Manage fund level debt facilities (drawdowns, repayments, covenants, extensions).

Qualifications

• Education: Bachelor’s Degree required Licensed CPA (active or inactive) preferred.
• Experience Required: At least 6-9 years of relevant professional experience including public accounting (Big 4 preferred) and/or fund accounting experience.
• Real estate G/L system knowledge a plus.
• Advanced excel experience strongly preferred.

Reporting Relationships 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.

$130,000 - $170,000 The firm also offers robust Benefits offerings.

Benefits

• 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
• 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.

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. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.