Chief Accounting Officer, Registered Products, Secondaries

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

The Finance and Accounting team is seeking a Chief Accounting Officer (CAO) for Secondaries. This CAO will be responsible for overseeing all financial and accounting operations, including managing financial reporting, fund structuring and analytics, valuations, deal structuring and closing, and forecasting to ensure accurate and timely financial data for Secondaries Registered funds. This CAO will also ensure compliance with accounting standards and regulatory requirements, while implementing internal controls and financial procedures. This person will play a strategic role in advising on financial implications of business decisions and supporting the fund’s growth and expansion.

Additionally, this CAO works closely with business stakeholders, as well as various corporate functions, including but not limited to external auditors, tax preparers, investors, Board members and trustees, and financial institutions. The ideal candidate will also be responsible for managing third party service providers who will be generating the accounting and reporting associated with registered investment products and certain of the Secondaries private funds. This person will oversee, lead, and develop a global Secondaries accounting team, ensuring efficient and effective financial operations. The candidate must be a player-coach, strategic thinker, resourceful, innovative, and committed. The candidate must be focused on continuous improvement in collaboration, efficiency, and analysis.

Reporting relationships

Reports to:  Chief Financial Officer, Secondaries, Deputy CFO & Treasurer of Finance and Accounting

Supervises: Secondaries Accounting Team members directly and indirectly

Primary functions & responsibilities

• Comprehensive review and approval of fund trial balances, reporting packages, estimates, reconciliations, public filings and other fund deliverables for Secondaries non-traded Registered Investment Company and affiliated products

• Drive strategy and lead integration of multiple functions (finance, valuations, operations, middle office) to improve collaboration and streamline processes such as internal global reporting.

• Partner with the business teams to support fund analytics, including reviewing and providing inputs to the financial model, liquidity management, and portfolio manager reporting

• Vote on monthly valuations as a member of the Registered Fund valuation committee.

• Partner with the Portfolio Managers/Investment Professionals, Capital Markets and Portfolio Management teams to help them make informed business and deal level decisions.

• Contribute to the financial structuring of new, complex, investments and new products for Secondaries Registered Product(s)

• Partner with Portfolio Managers/Investment Professionals, legal, tax and the finance teams to ensure smooth deal execution and post close integration

• Assist with diligence requests during fundraising.

• Build analytical tools and dashboards to help the Secondaries business make informed business decisions.

• Create dashboard reporting for Senior Leadership and the Board

• Manage expense caps and reimbursements with corporate accounting team

• Liaise with AWMS on investor subscriptions, tenders and redemptions

• Generating materials and presenting to the Board of Directors

• Contribute to the ongoing integration organization design improvements of the global Secondaries Fund Finance teams.

• Present in front of large organizations as a representative of the Secondaries business.

• Implementation and monitoring of the control environment in accordance with SOX

• Monitoring compliance with the SEC and IRS regulatory tests applicable to RICs, in coordination with legal, compliance and tax teams

• Coordinating with technology teams to improve automation of manual processes

• Demonstrate strong problem solving and creative skills and the ability to exercise sound judgment and make decisions based on accurate and timely analyses.