Associate, Fund Accounting - Credit
- Employer
- Ares Manangement
- Location
- Goregaon East, Mumbai, India
- Salary
- Competitive Salary
- Closing date
- May 6, 2021
View more
- Job Role
- Accountant
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
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Job Description
h1Primary functions and essential responsibilitiesh1
General Requirements:
h1Primary functions and essential responsibilitiesh1
- Oversee and review monthly NAV packages from the fund administrator, including calculation of management and performance fees, as applicable.
- Manage monthly and quarterly close processes, including reviewing work performed by the fund administrators along with producing original workpapers and analyses.
- Work and liaise with internal resources (primarily colleagues in the U.S.), fund administrators, and external auditors to meet all deliverables, including daily, weekly, monthly, quarterly and annual reporting deadlines.
- Work closely with operations and other groups in managing cash and position breaks.
- Review of quarterly and annual GAAP financial statements and footnote disclosures.
- Review regulatory compliance filings (e.g. Form ADV, Form PF, SLT, etc.)
- Review cash flow projections and daily cash management, including activity on credit lines, expected settlement timing of purchases and sales, and timing of capital calls and capital distributions.
- Monitor compliance with the Fund's governing documents (e.g. Limited Partnership Agreement, Investment Management Agreement, investor side letters, etc.) and credit facilities, as applicable.
- Prepare and assist with ad-hoc limited partner reporting, analyst and front-office requests.
- Assist with preparation of information provided to the tax team for tax estimates and annual returns.
- Review and approval of expense activity and authorization of bank wires.
- Participate in team projects and initiatives for process improvements.
- Actively work on continuous improvement as we work to build out our new Ares India office.
- Approximately 5+ years of relevant work experience
- Bachelors' degree in related field (Finance, Accounting or Economics) from an accredited institution
- Chartered Accountant or CPA license preferred
General Requirements:
- Big-4 public accounting experience strongly preferred.
- Strong knowledge of accounting, generally accepted accounting principles and financial reporting is required.
- Experience with open- and close-ended funds (commitment-based funds).
- Experience with bank debt, bonds, CLO equity, structured products and other fixed income products.
- Strong communication skills will be important; ability to analyze and summarize complex information both verbally and in writing with colleagues in the United States.
- Ability to work in a fast-paced, high growth environment; excited about working in a start-up environment with the backing and infrastructure of a well-established industry leader.
- Occasional business travel to the United States (New York).
- 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 Advent Geneva is a plus.
- Experience with Microsoft Power BI, Tableau or other business intelligence tools is a plus.
- Working knowledge of Excel is required (advanced skills such as VBA is a plus).
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