Senior Fund Controller: Private Markets NAV Expert

Aresmgmt; New York (NY); On-site; USD 180,000 - 220,000; Full time

Benefits offered by this job

Comprehensive medical benefits

401(k) with company match

Flexible Spending Accounts (FSA/HSA)

Life Insurance

Disability Insurance

Employee Assistance Program (EAP)

Commuter benefits

Job summary

Ares Management is seeking a Vice President to join the Finance team, coordinating quarterly and periodic funds accounting, NAV accuracy, and investor activity for evergreen private markets funds. The role collaborates with treasury, legal, tax, operations, valuation, and auditors across our U.S.

and international locations. Qualified candidates bring 10+ years in private funds accounting, a bachelor’s in finance or related field, and advanced Excel/financial modeling skills.

Qualifications

• Bachelor’s degree in accounting, finance or economics; MBA, CFA, or CPA is a plus.
• 10+ years of related financial experience is required, which may include public accounting.
• Significant private equity, secondaries, private credit, alternatives, or other private funds accounting/operations experience.
• Demonstrated experience with complex partnership waterfalls, carried interest or performance allocations, and investor capital accounting.
• Strong understanding of investment and capital allocation methodologies, NAV calculations, liquidity management, and private fund structures.
• Experience with NAV facilities, subscription facilities, or other fund-level financing arrangements strongly preferred.
• Experience supporting evergreen, open-ended, interval, perpetual-capital, or similar structures is highly desirable.
• Advanced Excel and financial-modeling skills; experience with private-markets accounting and reporting platforms is preferred.
• Strong analytical judgment, attention to detail, and ability to independently manage complex, high-volume processes with multiple stakeholders and deadlines.

Responsibilities

• Own and review quarterly and periodic funds accounting, NAV, financial reporting, and investor capital activity for evergreen private markets funds.
• Manage complex fund-level and investor-level waterfall calculations, including preferred returns, return of capital, catch-up provisions, carried interest/performance allocations, and related NAV-based accruals.
• Oversee investment allocations across vehicles, classes, sleeves, and investors, ensuring allocations are consistent with governing documents and approved methodologies.
• Manage capital allocations, subscriptions, redemptions/repurchases, reinvestment, distributions, and other investor activity associated with an evergreen structure.
• Coordinate portfolio cash-flow forecasting and liquidity planning to support investment deployment, investor liquidity, unfunded commitments, and appropriate cash reserves.
• Support NAV and other fund financing facilities, including borrowing-base calculations, covenant monitoring, drawdowns, repayments, interest and fee accruals, lender reporting, and reconciliation to the funds.
• Partner with investment team, treasury, legal, tax, operations, valuation, investor relations, administrators, auditors, and lenders to ensure accurate and timely execution of funds activity.
• Interpret limited partnership agreements, offering documents, side letters, credit agreements, and other governing documents and translate economic terms into accounting and operational processes.
• Identify opportunities to improve systems, processes, automation, data integrity, and scalability as the funds grows.
• Support audits, financial statements, regulatory reporting, investor reporting, and ad hoc analysis.
• Supervise and develop staff at all levels with demonstrated ability to work with others through challenges and career development while providing ongoing training and feedback.

Skills

Private funds accounting

NAV calculations

Waterfalls modeling

Financial modeling

Excel advanced

Stakeholder management

Team leadership

Interpreting agreements

Portfolio allocations

Education

Bachelor’s degree in accounting/finance/economics

MBA/CFA/CPA preferred

Tools

eFront Software

Private markets reporting platforms

Job description

Ares Management is seeking a Vice President to join the Finance team, coordinating quarterly and periodic funds accounting, NAV accuracy, and investor activity for evergreen private markets funds. The role collaborates with treasury, legal, tax, operations, valuation, and auditors across our U.S.

and international locations. Qualified candidates bring 10+ years in private funds accounting, a bachelor’s in finance or related field, and advanced Excel/financial modeling skills.