Job Description
Ares Management is seeking an Associate Vice President (“AVP”) for our US Public Credit accounting team. The AVP will be responsible for the day-to-day accounting and oversight of the publicly traded business development companies (“BDCs”).
Primary functions and essential responsibilities- Assist in preparation of US GAAP financial statements for monthly, quarterly and annual SEC filings (10K, 10Q, 8K, N-2, etc.) for two BDCs.
- Preparation of quarterly footnote and MD&A disclosures and other analyses, as needed
- Preparation of quarterly board reporting
- Assist in managing relationships and liaising with internal resources, fund administers and auditors to meet all daily, monthly, quarterly and annual deadlines.
- Oversee and review monthly NAV packages from the fund administrator.
- Assist with monthly/quarterly close process, preparation of various financial statement account balance reconciliations/workpapers and fluctuation analyses.
- High level of interaction across the organization, including communications with portfolio managers, investor relations, legal, compliance, operations, tax, FP&A and financial reporting.
- Provide and review detailed reporting to investors and internal constituents (portfolio managers, investor relations)
- Provide compliance reporting (Form PF, ADV, etc.)
- Work closely with operations and other groups in managing daily cash and position breaks
- Review monthly portfolio position and cash reconciliations.
- Track and coordinate expense payments for the fund
- Participate and contribute to regular review of processes and deliverables to improve effectiveness, efficiency, accuracy to ensure scalability as the firm continues to grow rapidly.
- Various ad-hoc/special projects.
Education:
- Bachelor’s Degree in Accounting, Finance, or related field
Certification:
- CPA (preferred)
Experience Required:
- Minimum 6-9 years of experience in fund accounting preferred
- Public Accounting experience, Big 4 (preferred)
- Industry experience, specifically with bank debt preferred
- Experience with Advent Geneva, Microsoft Dynamics 365 Business Central or Onestream software a plus
General Requirements:
- Ability to work independently in a fast-paced, high growth environment.
- Highly motivated team player with a strong work ethic
- Strong understanding of U.S. GAAP.
- Strong knowledge of accounting principles, financial instruments, and regulatory requirements
- Strong problem-solving and analytical skills.
- Strong verbal and written skills; ability to analyze and summarize complex information both verbally and in writing
- Ability to multi-task and manage various deadlines
- Excellent organizational and interpersonal skills
- Intermediate or advanced Excel user (e.g. complex formulas, macros)
- PowerBI, Alteryx, Anaplan or other business intelligence tools a plus
Reporting Relationships
ControllerCompensation
The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.
$150,000 - $180,000
The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.
Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.
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.
Top Skills
Ares Management Corporation Culver City, California, USA Office
800 Corporate Pointe , Culver City, CA, United States, 90230
Ares Management Corporation Los Angeles, California, USA Office
2000 Avenue of the Stars, Los Angeles, CA, United States, 90067
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