Associate, Fund Accounting- Digital Infrastructure

From the company's job description

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 FUNCTIONS AND ESSENTIAL RESPONSIBILITIES

• As a member of the team focus on Fund Accounting, supporting Ares’ Real Asset Digital Infrastructure business.
• Ensure process and procedures are adequate to meet quality standards and are consistently applied and reviewed regularly.
• Work with and liaise with global internal resources (Colleagues in Asia-Pacific, Americas and Europe) external Fund/SPV administrators, and external auditors to meet all quarterly, and annual reporting requirements/deadlines.
• Perform quarterly close processes, including review work of external administrators, along with producing workpapers and analysis.
• Review quarterly and annual GAAP or IFRS financial statements and footnote disclosures for multiple Funds, capital account summaries for limited partners, investor reports, presentations, questionnaires, and Management Co. reports feeding into Ares public filing.
• Review or perform calculation of management fees, complex waterfall calculations, property performance, AUM, NAV etc.
• Assist with coordination of wire process
• Produce cash flow projections and analyze daily cash management, including activity on credit lines, expected settlement timing of purchases and sales, and timing of capital calls and distributions.
• Monitor compliance with the Fund’s Limited Partnership Agreements and credit facilities, including the preparation or review of compliance reporting.
• Prepare and assist with ad-hoc limited partner reporting and front-office requests to ensure timely response to our investors
• Assist with preparation of information provided to tax team for quarterly tax estimates and annual returns.
• Review and approval of expense activity.
• Maintain Fund dashboards and manage track record.
• Contribute to the valuation process, calculation of gross to net adjustments and preparation of valuation committee materials.
• Support investment decision process by maintaining fund models, proving scenario/sensitivity analysis, key property and financial metrics and KPIs.
• Support budgeting and forecasting process with calculation of management fees and carried interest, and projected fund performance.
• Support risk management processes with qualitative and quantitative fund data.
• Liaise with a wide range of internal stakeholders and external service providers to ensure the quality and timely flow of financial data.
• Actively work on continuous improvement

Qualification:

• Approximately 3-5 years of relevant work experience
• Chartered Accountant/CPA

General Requirements:

• Knowledge of private equity structures, alternative investments is a must.
• Big-4 public accounting experience strongly preferred.
• Ability to work in a fast-paced, high growth environment, use of AI tools.
• Strong communication skills will be important; ability to analyze and summarize complex information both verbally and in writing with colleagues in a global setting.
• Ability to assist in managing several third-party relationships (outside administrators, custodians)
• 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.
• Experience with certain systems (Advent Geneva; Investran;) experience a plus; requires day to day use of Excel. Knowledge of Power BI, JIRA is a plus.
• Strong work ethics

Reporting Relationships

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.