Senior Fund Controller - Private Markets NAV & Waterfalls

Ares Management; New York (NY); On-site; USD 180,000 - 280,000; Full time

Job summary

Ares Management is seeking a Vice President for the Secondaries Finance team to oversee complex fund accounting, NAV calculations, and investor activity for evergreen private markets funds. You will lead waterfall analyses, capital allocations, and liquidity planning across multiple vehicles and investors.

The role requires deep experience in private funds accounting, strong Excel modeling, and collaboration with treasury, legal, tax, and external administrators.

Qualifications

• Bachelor's degree in accounting, finance or economics.
• 10+ years of related financial experience.
• 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.
• Experience working with third party administrators is a plus.

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.

Skills

Financial analysis

Stakeholder management

Attention to detail

Leadership

Education

Bachelor's degree in accounting, finance or economics

MBA

CFA

CPA

Tools

Excel

Job description

Ares Management is seeking a Vice President for the Secondaries Finance team to oversee complex fund accounting, NAV calculations, and investor activity for evergreen private markets funds. You will lead waterfall analyses, capital allocations, and liquidity planning across multiple vehicles and investors.

The role requires deep experience in private funds accounting, strong Excel modeling, and collaboration with treasury, legal, tax, and external administrators.