What are the responsibilities and job description for the Associate, Investment Operations (Treasury) 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 looking for an Associate to join the New York / Los Angeles Investment Operations- Treasury team. This role reports to the Vice President of Investment Operations. This is an exciting opportunity to join a new group within the Operations team and help grow and support various lines of business. The candidate will be responsible for daily liquidity management and cash forecasting as well helping to implement a new Treasury Management System (TMS).
Primary Functions and Essential Responsibilities
Specific responsibilities include, but are not limited to:
Preparation of liquidity and cash projection reporting across various strategies, firmwide
Support activities for monitoring of inputs to the cash management function and Treasury Management System (investment pipeline, currency balances, unsettled trading activity, etc.)
Monitor inbound/outbound data feeds between Treasury Management System and various systems
Tracking of non-investment related cash activity (contributions/withdrawals, credit facilities, fees paydowns, etc.)
Answer inquiries from both the front and back office regarding cash availability and liquidity needs.
Monitoring counterparty connectivity to Treasury Management System to ensure all accounts and balances are present.
Ensure all cash transactions were accurately recorded and processed in a timely fashion.
Works closely on cash forecasting helping to advise our FP&A and Accounting teams on borrowing, paydowns, capital calls, etc.
Investigate cash breaks between our trade systems and the banks
Collaborate with various teams firmwide to maintain high service levels and strong relationships
Qualifications
Education:
Bachelor’s degree in Finance or other business related discipline
Experience Required:
Minimum of 2-4 years of experience in top tier, global capital markets or investment management firms with experience in Treasury Operations, Cash Management, and/or Accounting
Prior experience with an Alternative Asset, Fixed Income, Leveraged Loans preferred
Strong knowledge of liquidity and cash forecasting, and understanding of cashflows
Experience with Hazeltree, Everest, Wall Street Office, Geneva, and/or IVP data management platforms preferred
Understanding of basic accounting theories
Experienced with a diverse set of investment vehicles such as Institutional Separate Accounts, SMA/Limited Partnerships, Open-End Mutual Funds, Closed-End Funds and UCITs, and CLOs
Intermediate-level technical skills a bonus (VBA, SQL, Excel, Tableau, Power BI, etc.)
General Requirements:
Strong attention to detail, highly organized and process-driven
Familiarity with standard activities carried out by financial intermediaries such as investment banks, broker/dealers, Prime Brokers, etc.
A self-starter with a can-do attitude, willing to work in an energetic, collaborative, and fast-paced environment
Ability to be flexible in terms of hours to coordinate with team members across various time zones
An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes
Proven outstanding communication (written and verbal), presentation, documentation, and interpersonal skills
Ability to successfully manage multiple priorities and competing demands
Good judgment in terms of escalating issues vs. solving problems independently
Dependable, great attitude, highly motivated and a team player
Knowledge of complex fund structures a plus
Corporate Finance knowledge a plus
Reporting Relationships
Vice President, TreasuryCompensation
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.
$105,000 - $125,000
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 : $105,000 - $125,000
