What are the responsibilities and job description for the Associate, Alternative Credit Asset Management position at Ares Operations LLC?
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 is currently searching for a highly motivated, detail-oriented team player to join as an Associate on the Alternative Credit (“Alt Credit”) investment team in the New York or 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:
- Monitor portfolio of private investments
- Provide support to rest of the deal team with assigned investments
- General asset management including confirming fundings, processing monthly settlements, valuations, 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
- 2 year of finance or accounting experience with exposure to structured finance/securitization preferred
- 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
- Impeccable integrity and trustworthines
Reporting Relationships
Compensation
The 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.
The 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.
Salary : $120,000 - $145,000
