Senior Associate, Fund Accounting

Ares Management; New York (NY); On-site; USD 115,000 - 145,000; Full time

Benefits offered by this job

Comprehensive Medical/Rx, Dental and V

401(k) program with company match

HSA with company contribution

Job summary

Ares Management's Secondaries team seeks a Senior Associate to join our Finance group across multiple locations including New York, NY. You will manage cash needs, prepare capital calls, distributions, and LP reporting for private equity and other funds.

The role requires 3-6 years in private equity fund accounting or public accounting, a bachelor's in accounting or finance, and strong Excel/Word skills. CPA preferred. This is a full-time position with competitive compensation.

Qualifications

• Education: Bachelor's degree in accounting or finance.
• Experience: 3–6 years in private equity fund accounting or public accounting.
• Strong academic record; self-motivated and capable of independent work.
• Ability to work both independently and in a team.
• Strong financial analysis, writing and presentation skills.
• Proficient in Microsoft Excel and Word.
• Strong work ethic, detail oriented and well organized.
• CPA or equivalent certification preferred.

Responsibilities

• Manage cash needs across private equity, real estate, credit or infrastructure vehicles.
• Prepare investor capital call and distribution calculations and quarterly deliverables.
• Track and reconcile daily cash flows for investment partnerships.
• Facilitate wire payments to vendors, to/from underlying investments and third parties.
• Monitor and report on fund investments across various LP interests.
• Perform analysis of financial statements from fund managers.
• Maintain fund general ledger and trial balances.
• Prepare ad-hoc LP reporting and capital account summaries.
• Prepare calculation of performance fees and waterfalls.
• Prepare quarterly and annual GAAP financial statements and footnote disclosures.
• Coordinate with external auditors to meet audit deadlines.

Skills

Financial analysis

Writing

Presentation skills

Excel

Word

Attention to detail

Organization

Education

Bachelor's degree in accounting or finance

CPA or equivalent certification preferred

Tools

Excel

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 specialises in secondary market transactions of private equity, real estate, credit and infrastructure investments with AUM of approximately $38 billion as of September 30, 2025. The team is currently looking to hire a Senior Associate to join our dynamic Finance team of approximately 60 professionals located in our West Hartford, CT, Boston, MA, New York, NY and Mumbai locations.

Primary functions and essential responsibilities

• Manage cash needs across Ares Secondaries' private equity, real estate, credit or infrastructure vehicles.
• Prepare investor capital call and distribution calculations and quarterly management company deliverables.
• Track and reconcile daily cash flows for various Ares Secondaries investment partnerships.
• 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.
• Maintain fund general ledger and trial balances.
• Prepare and assist with ad-hoc limited partner reporting, analysis and other requests.
• Prepare calculation of performance fees and waterfalls.
• Prepare quarterly and annual GAAP financial statements and footnote disclosures for multiple funds as well as capital account summaries for limited partners.
• Coordinate with external auditors to ensure audit deadlines are met.

Qualifications

• Education: Bachelor's degree in accounting or finance
• Experience Required: 3-6 years' experience in private equity fund investment accounting or public accounting.
• 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.
• CPA or other equivalent certification preferred.

Reporting Relationships

Compensation

$115,000 - $145,000

Benefits

The firm also offers robust Benefits offerings.

• 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), 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.