Senior Associate, Fund Accounting

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 Senior Associate will report directly to the Principal and will be responsible for the oversight of all aspects of the accounting, cash management and financial reporting for Infrastructure Opportunities Funds, and their related Feeder(s) and Blocker Funds and Co-Investments related to the Fund.

The Senior Associate will also work closely with the CAO, Controller, Assistant Controllers, and Team members in India on various detailed analyses. There will be additional responsibilities as new products are launched.  This position will be based in the Boston or New York office.

Primary functions and essential responsibilities:

• Prepare journal entries and quarterly accounting packages
• Keep track of investment data and work with the internal investment operations team to ensure investments are set up properly and will flow into third party general ledger appropriately
• Prepare financial analysis using quarterly  reporting packages
• Set up new bank accounts, as needed, manage daily cash transactions and process wire transfers
• Provide weekly cash forecasts to the Controller
• Prepare quarterly and annual financial statements for investor and management reporting.
• Work with senior management to ensure compliance with the Fund’s partnership agreements (i.e. management fee calculation and proper allocation of LP capital accounts)
• Coordinate capital call and cash distribution notices to investors
• Verify wire instructions for all first time payments
• Work with the external auditors on annual audit of financial statements including all supporting documentation and financial analysis
• Work with the asset managers, investment team and legal group to provide financial data for investments
• Track Fund returns and portfolio investment returns
• Work closely with Tax on Fund related tax issues including quarterly tax payments and tax withholdings
• Respond to investor and consultant requests and annual audit confirmations
• Assist with various special projects and/or analyses

Qualifications

Education:

• Approximately  5-7 years of relevant work experience
• CPA license preferred but not required
• Bachelors’ degree in Accounting from accredited institutions

General Requirements:

• Ability to work in a fast-paced, high growth environment;
• Excited about working in an ever changing environment and motivated to take on new responsibilities as new products launch with the backing and infrastructure of a well-established industry leader
• Strategic and critical thinking
• Excellent Excel background with knowledge of Macro and financial modeling
• Candidates with background in accounting and finance is required
• Strong communication skills will be important; ability to analyze and summarize complex information both verbally and in writing with colleagues in the United States and Mumbai
• Strong problem-solving and analytical skills; ability to multi-task and manage various deadlines
• Excellent organizational and interpersonal skills; attention to detail and timelines required

Reporting Relationships

Compensation

$120,000 - $140,000

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.