Sr Associate, Fund Accounting

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

Ares Management is seeking a highly motivated Senior Associate to join the Alternative Credit Fund Accounting team. This individual will play a key role in supporting a growing platform consisting of multiple investment vehicles, financing structures, separately managed accounts, co-invest vehicles, and strategic partnerships.

This role is ideal for a candidate who enjoys solving operational and accounting challenges, demonstrates strong ownership and accountability, and thrives in a dynamic environment. The successful candidate will serve as a financial partner to the business and will be expected to manage competing priorities while delivering a high-quality work product under tight deadlines.

The position offers significant exposure across portfolio management, investor relations, treasury/liquidity management, legal, tax, valuation, operations, and external service providers. The role also provides opportunities to lead process improvements and help scale the platform through technology, automation, and operational enhancements. The role offers significant opportunity for mentorship, development, and increasing responsibility within a collaborative and entrepreneurial team environment.

Primary Responsibilities

• Become a key member of the Alternative Credit fund accounting team supporting a diverse set of credit strategies and investment structures.
• Assume ownership of one or more funds and related structures, including oversight of day-to-day accounting, operational deliverables, liquidity management, and investor servicing requirements.
• Prepare and oversee weekly liquidity and cash flow forecasting across multiple vehicles, ensuring sufficient liquidity to support investment activity, financing obligations, distributions, and operating requirements.
• Manage and monitor multiple credit facilities, subscription lines, borrowing bases, lender reporting obligations, and financing compliance requirements.
• Coordinate across multiple fund structures and investor entry points, including flagship funds, feeder vehicles, rated note feeders, co-investments, SMAs, SPVs, and strategic partnerships.
• Collaborate with and review capital call and distribution calculations and related investor deliverables prepared by fund administrators.
• Review monthly and quarterly NAV packages prepared by fund administrators, including:
  • cash and position reconciliations
  • capital allocations
  • management fee calculations
  • incentive fee allocations and carry waterfall calculations
  • investor allocations and statements
• Perform detailed review and validation of management fee calculations, incentive allocations, and carry waterfall models across multiple vehicles and investor structures.
• Prepare monthly expense accruals and assist in the expense payment and budgeting process.
• Review quarterly and annual financial statements and related disclosures in accordance with U.S. GAAP.
• Prepare and support management company and regulatory reporting requirements, including Form PF, AIFMD, TIC reporting, and other applicable filings.
• Partner closely with Investor Relations to support recurring and ad hoc investor requests, performance reporting, liquidity analyses, and bespoke reporting needs.
• Prepare and review investor reporting deliverables, including performance metrics such as IRR, MOIC, realized/unrealized returns, and other fund-level analytics.
• Analyze new transactions, financing arrangements, and fund structures to determine appropriate accounting treatment, operational workflows, and reporting implications.
• Partner with legal, tax, treasury, valuation, operations, and portfolio management teams to operationalize new products, structures, and investment activity.
• Review governing documents and financing agreements, including LPAs, credit agreements, side letters, ISDAs, and other tran