Senior Associate, Alternative Credit Asset Management
Ares Wealth Management Solutions
USA
$170,000-200,000 per year
Permanent
Full-time
2 months 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 DescriptionAres is a leading participant in the global alternative credit markets with approximately $34.1 billion of assets under management (“AUM”) invested across multiple, actively-managed funds as of September 30, 2023. Of this AUM, the Alt Credit Team manages over $13 billion of dedicated capital on behalf of insurers including Aspida, our indirect insurance subsidiary. The Alt Credit Team today comprises approximately 70 investment professionals located primarily in three Ares offices: New York City, Atlanta and London.Ares’ Alt Credit platform employs strategies that are asset-focused, making investments backed by assets and contractual cash flows such as loans, leases and receivables. Alt Credit fills gaps in the capital markets between credit, private equity and real estate, investing across a spectrum of liquid and illiquid opportunities that include various specialty finance sectors, net leases, structured products, cash flow streams (e.g., royalties, licensing, management fees), and other asset types.Ares is currently searching for a highly motivated, detail-oriented team player to join as an Associate on the Alternative Credit (“Alt Credit”) Team in the Atlanta office, focused on Asset Management.The position will be responsible for monitoring and on-going surveillance of Alternative Credit portfolio investments, developing and running complex discounted cash flow models, monitoring and reporting on various portfolio-level metrics, providing assistance to deal teams with assigned investments and general asset management including fundings, settlements, valuation and reporting.The nature of the team’s investment process and dynamic environment necessitates that a candidate have strong verbal and written communication skills, attention to detail, a professional demeanor, along with sharp analytical skills relevant to structured investments.Primary Functions and Essential Responsibilities:
Lead asset management of structured investments
Monitor portfolio of private investments
Provide support to deal teams with assigned investments
General asset management including confirming fundings, processing monthly settlements, valuation and other asset-level reporting
Frequent communication with portfolio companies
Develop and run complex models for valuation and reporting purposes
Perform mark-to-market valuations
Analyzing asset-level trends and metrics
Qualifications:
Bachelor’s degree required or international equivalent in Economics, Mathematics, Engineering, Computer Science, Information Systems, Finance or related field
Strong intellect with solid communication, quantitative, financial and analytical skills
5-7+ years of finance or accounting experience with exposure to structured finance/securitization preferred
General Requirements:
Advanced MS Excel modeling skills (index + match, macros, and array formulas)
Intermediate MS PowerPoint skills
Self-motivated and driven; ability to work effectively in a collegial, fast moving, demanding, and dynamic environment
Creative problem solver
Exceptional interpersonal skills
Reporting Relationships Managing Director, Alternative CreditCompensationThe anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.$170,000.00 - $200,000.00The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.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.
