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Associate, Fund Accounting - Credit

Employer
Ares Manangement
Location
Goregaon East, Mumbai, India
Salary
Competitive Salary
Closing date
May 6, 2021

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Job Role
Accountant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Job Description
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.
h1qualificationsh1
  • 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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