Senior Associate, Private Equity Fund NAV & Accounting

Ares Management LLC

New York (NY)

On-site

USD 130,000 - 150,000

Full time

4 days ago

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Benefits offered by this job

Medical/Dental/Vision

401(k) match

HSA with company contribution

Life Insurance

Disability insurance

Employee Assistance Program

Commuter benefits

Job summary

Ares Management LLC is seeking a Senior Associate for the Registered Secondaries Accounting team in New York. The role leads NAV processes, reviews fund administrator deliverables, and coordinates with internal teams to strengthen controls as the registered products platform grows.

Ideal candidates have 4–7 years in fund accounting or private equity accounting, US GAAP knowledge, and experience with regulatory reporting; CPA progress and system familiarity (Advent Geneva, eFront, Dynamics 365,

Qualifications

Bachelor’s degree in accounting or finance.
4–7 years of experience in fund accounting, investment accounting, private equity accounting, registered funds or public accounting.
Experience with private equity or other alternative investment products strongly preferred.
Working knowledge of US GAAP investment company accounting and experience with registered fund financial or regulatory reporting preferred.
Public accounting experience and/or CPA progress is a plus.
Experience with Advent Geneva, eFront, Microsoft Dynamics 365 Business Central, OneStream or similar systems is a plus.

Responsibilities

Lead the monthly NAV process, including detailed review of fund administrator packages, cash and position reconciliations, income and expense activity, and resolution of identified breaks.
Coordinate monthly and quarterly closes and prepare or review journal entries, account reconciliations, supporting schedules and close workpapers.
Review accounting for secondary investments and related structures, including capital calls, distributions, fees, investment activity and information received from underlying fund managers.
Oversee daily cash activities, invoice coding and payment processing, and coordinate with operations and other teams to resolve cash and position differences.
Review underlying fund financial statements, capital account statements and transaction notices and assess the completeness and accuracy of recorded investment activity.
Review fund general ledgers, trial balances, administrator records and custody records and drive timely resolution of reconciliation items.
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.
Review fund operating expense budgets, accruals and variance analyses and coordinate updates with relevant stakeholders.
Prepare and review recurring and ad hoc reporting for portfolio management, investor relations, legal, compliance, tax and other internal stakeholders.
Serve as a primary day-to-day contact for the fund administrator and coordinate with auditors and internal teams to meet reporting and audit deadlines.
Assist with oversight and development of junior team members through review, coaching and knowledge sharing.
Identify and lead process improvements and technology implementation initiatives, including, automation and control enhancements to support accuracy, efficiency and scalability; lead or contribute to special projects as needed.