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Associate, Fund Accounting (Alternative Credit)
mid · Audit & 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
Primary Responsibilities
- Support the month-end and quarter-end close processes for assigned Alternative Credit funds and related investment vehicles.
- Review monthly and quarterly NAV packages prepared by third-party administrators, including cash and position reconciliations, capital allocations, management and incentive fee calculations, Investor capital activity and waterfall calculations.
- Assist in the preparation and review of quarterly and annual financial statements and related disclosures under U.S. GAAP.
- Monitor fund liquidity and cash activity, including capital calls, distributions, financing arrangements, and expense payments.
- Review expense accruals and management fee calculations for accuracy and completeness.
- Assist with coordination of annual audits and respond to auditor information requests.
- Support preparation and review of investor reporting deliverables and ad hoc reporting requests.
- Prepare and analyze fund and investment-level performance metrics, including IRR, MOIC, and other key performance indicators.
- Review fund governing documents, including LPAs, credit agreements, and other fund documentation to support ongoing compliance with reporting and operational requirements.
- Partner with colleagues across fund accounting, legal, tax, treasury, investor relations, portfolio management, and operations to support business initiatives and resolve issues.
- Investigate accounting or operational exceptions, perform root cause analysis, and support implementation of process improvements and control enhancements.
- Participate in projects focused on operational scalability, automation, data quality, and reporting efficiency.
- Develop expertise in Ares fund structures, investment products, accounting policies, and operational processes.
- Provide guidance and support to junior team members when appropriate.
Qualifications
- Chartered Accountant (CA) or CPA qualification preferred.
- CFA charterholder or candidate a plus.
- Experience supporting private credit, direct lending, CLOs, structured credit, private debt, or other alternative investment products is preferred but not required.
- Experience with U.S. GAAP investment company accounting.
- Experience working with fund administrators and external auditors.
- Experience with closed-end and/or open-end fund structures.
- Experience with Advent Geneva or similar fund accounting platforms.
Technology Skills
- Advanced Microsoft Excel
- Power BI, Alteryx, or other data and reporting tools a plus
- Advent Geneva experience preferred
- Strong aptitude for learning new systems and leveraging technology to improve processes
Characteristics of Success
The ideal candidate will demonstrate many of the following characteristics:
- Take ownership of assigned responsibilities and consistently deliver high-quality work.
- Demonstrate intellectual curiosity and a willingness to learn complex fund structures and investment products.
- Exercise sound judgment and identify issues proactively.
- Collaborate effectively across global teams and time zones.
- Communicate clearly and professionally with both internal and external stakeholders.
- Continuously seek opportunities to improve processes, controls, and operational efficiency.
- Operate with integrity, accountability, and a strong client-service mindset.
Reporting Relationships
Associate Vice PresidentThere 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.