Principal, Fund Accounting

Job Description

The Ares Secondaries team specializes in secondary market transactions of private equity, real estate, credit and infrastructure investments with AUM of approximately $38 billion as of September 30, 2025.  The team is currently looking to hire a Principal/Fund Controller to join our dynamic Finance team of approximately 60 professionals located in our West Hartford, CT, Boston, MA and New York, NY and Mumbai locations. 

Responsibilities include:

• Manage and develop staff within the team with demonstrated ability to work with others through challenges and career development while providing ongoing training and feedback.
• Day-to-day oversight of private equity and credit funds.  Fund structures may include master-feeder structures, open-ended structures, closed-end structures in various countries including the U.S., and Luxembourg.
• Regularly review effectiveness of current processes and workflow, while proposing and implementing improvements.
• Oversight of quarterly close processes and management company deliverables, including reviewing work of accounting staff and third-party administrators.
• Review of quarterly and annual GAAP financial statements and footnote disclosures for all private equity and credit fund structures as well as capital account summaries for limited partners.
• Review calculation of performance fees/waterfall calculations. 
• 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 underlying investment cash activity, and timing of investor capital calls and 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.
• Review and assist with ad-hoc limited partner reporting, analysis and other requests.
• Review and understand complex fund terms, vehicles, and structures.
• Coordinate cash management with accounting team, investment team and portfolio management.
• Review investor capital call and distribution calculations, and quarterly management company deliverables.

• Minimum of a B.S. degree in Finance, Economics, or Accounting; MBA, CFA, or CPA is a plus

• 15+ years of related financial experience is required, which may include public accounting.
• 5+ years of experience working in the alternative asset management industry is strongly desired.
• Advanced computer skills including Microsoft Office, experience with eFront Software is a plus.
• Experience working with third party administrators and internal offshore teams is a plus.
• CPA/CA or other certifications such as CFA could be desirable

General Requirements:

• Strong management skills, including proven experience of managing and/or collaborating with teams in remote locations to ensure efficiency, effectiveness, and high level of supervisory oversight.
• Ability to assist in managing several third-party relationships (administrators, auditors, valuation experts, etc.).
• Strong understanding of U.S. GAAP balanced with operational expertise.
• Ability to multi-task and manage various deadlines, including shifting priorities.
• Excellent organizational and interpersonal skills.
• Developing and mentoring a team of talented, high-quality individuals.
• Strong relationship building skills with internal and external business clients, including third party administrators.
• Strong sense of ownership and accountability.
• High accuracy and detail orientation.
• Organizational skills, demonstrated ability to manage competing priorities and deliverables.
• Ability to work independently within a fast-paced environment with a hands-on approach.
• Dependable, great attitude, highly motivated and a team player.
• Working understanding of “waterfall” allocations.
• Advanced computer skills including Microsoft Office, eFront Software and reporting skills a plus.

Reporting Relationships

Compensation

$220,000 - $260,000

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.