Senior Associate, Fund Accounting

Ares Management Corporation; Town of Boston (NY); On-site; USD 115,000 - 145,000; Full time

Benefits offered by this job

Comprehensive Medical/Rx

401(k) program with company match

Flexible Savings Accounts (FSA)

Employee Assistance Program (EAP)

Job summary

A global investment management firm is seeking a Senior Associate for Fund Accounting in New York. This role involves managing cash needs, preparing financial statements, and handling investor capital calculations. Candidates should have 3-6 years of experience in private equity fund investment accounting or public accounting, with a strong proficiency in Microsoft Excel. A collaborative team environment is emphasized, along with a commitment to diversity and inclusion, making this an exciting opportunity for qualified professionals.

Qualifications

• 3-6 years of experience in private equity fund investment accounting or public accounting.
• Proficient in Microsoft Office, especially Excel.
• Strong record of academic achievement and self-motivated.

Responsibilities

• Manage cash needs across various investment vehicles.
• Prepare quarterly GAAP financial statements and disclosures for multiple funds.
• Facilitate wire payments to vendors and investments.

Skills

Financial analysis

Microsoft Excel

Communication skills

Attention to detail

Organization skills

Education

Bachelor’s degree in accounting or finance

Job description

Senior Associate, Fund Accounting page is loaded## Senior Associate, Fund Accountinglocations: New Yorktime type: Full timeposted on: Posted Yesterdayjob requisition id: R7705### *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 specializes 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 responsibilitiesResponsibilities include:* 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.# QualificationsEducation: Bachelor’s degree in accounting or financeExperience Required: 3-6 years’ experience in private equity fund investment accounting or public accounting.General Requirements:* 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**Assistant 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.$115,000 - $145,000The 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), 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.*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 December 31, 2025, Ares Management's global platform had approximately $623 billion of assets under management(1) with more than 4,200 employees operating across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit .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 December 31, 2025. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.