Associate, Fund Accounting (Alternative Credit)

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

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.