AVP, Fund Accounting (Alternative Credit)

Ares Wealth Management Solutions View all jobs

  • Mumbai, Maharashtra
  • Permanent
  • Full-time
  • 1 month ago
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 DescriptionREPORTING/DEPARTMENT & GROUP RELATIONSHIPSReports to: VP, Fund Accounting – Mumbai, IndiaPRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES
  • Own end-to-end accounting oversight for assigned Alternative Credit funds.
  • Review and validate monthly NAV packages, including management and performance fees, capital allocations, and complex waterfall calculations.
  • Lead monthly and quarterly close processes for assigned funds, ensuring completeness, accuracy, and timely delivery.
  • Review quarterly and annual financial statements under US GAAP, IFRS, and LUX standards.
  • Validate capital activity, expense accruals, liquidity management, and compliance with governing documents and credit facilities.
  • Calculate and reconcile key performance metrics, including IRR, MOIC, and TWR, ensuring alignment between accounting records and performance outputs.
  • Communicate proactively with New York stakeholders regarding close status, material variances, and risks; clearly articulate issues with analysis and proposed solutions.
  • Identify control weaknesses, perform root cause analysis on errors, and implement fund-level corrective actions.
  • Escalate complex or material issues early and with context.
  • Provide technical review and mentorship to junior team members, reinforcing strong accounting fundamentals and documentation discipline.
  • Collaborate cross-functionally with portfolio management, tax, valuation, investor relations, administrators, and auditors to ensure aligned and accurate reporting.
QUALIFICATIONS
  • 10–14 years of experience in alternative investment fund accounting, asset management, or public accounting.
  • Bachelor’s degree in Accounting, Finance, Economics, or related field from an accredited institution.
  • Chartered Accountant or CPA license required.
General Requirements:
  • Strong knowledge of US GAAP investment company accounting; familiarity with IFRS and LUX reporting preferred.
  • Experience with complex fund structures and credit products, including bank debt, CLOs, and structured products.
  • Advanced Excel skills required.
  • Experience with Power BI, Tableau, or other business intelligence tools is a plus.
  • Experience with Advent Geneva preferred.
  • Strong written and verbal communication skills, with ability to convey complex matters clearly to senior stakeholders across geographies.
  • Ability to manage multiple deadlines in a fast-paced environment.
  • High attention to detail, sound judgment, and proactive problem-solving mindset.
Reporting Relationships Fund ControllerThere 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.

Ares Wealth Management Solutions