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Ares Operations LLC
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Ares Operations LLC
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Senior Associate, Alternative Credit Asset Management
$86k-119k (estimate)
Full Time 2 Months Ago
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Ares Operations LLC is Hiring a Senior Associate, Alternative Credit Asset Management Near New York, NY

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 a leading participant in the global alternative credit markets with approximately $36.0 billion of assets under management (“AUM”) invested across multiple, actively-managed funds as of December 31, 2023. 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 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. $140,000.00 - $180,000.00 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. Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2024, Ares Management's global platform had approximately $428 billion of assets under management(1) with more than 2,900 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com. Ares Management LLC (together with its related operating and administrative subsidiaries, “Ares Management”) is an Equal Employment Opportunity employer and considers all applicants for employment without regard to race, color, religion, ethnicity, creed, sex, age, national origin, alienage or citizenship status, disability, medical condition, pregnancy, marital status, partnership status, sexual orientation, status regarding public assistance, military or veteran status, domestic violence victim status, gender identity and expression, transgender status, genetic information, status as unemployed, political affiliation or any other characteristic protected by federal, state or local law. Ares Management will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Fair Chance Initiative for Hiring Ordinance. (1) As of March 31, 2024. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.

Job Summary

JOB TYPE

Full Time

SALARY

$86k-119k (estimate)

POST DATE

03/09/2024

EXPIRATION DATE

07/14/2024

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