Principal, Alternative Credit (Asset Management)
Ares Management
This job is no longer accepting applications
See open jobs at Ares Management.See open jobs similar to "Principal, Alternative Credit (Asset Management)" MIT Sloan Career Development Office.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 $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 a Vice President on the Alternative Credit (“Alt Credit”) Team in our 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, related to 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 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 or international equivalent required
Strong intellect with solid communication, quantitative, financial and analytical skills
7+ years of portfolio management, servicing, finance or accounting experience with exposure to structured finance/securitization, real estate and/or private equity
Primary experience in valuation, restructuring and/or complex data analysis is 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 CreditCompensation
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.
This job is no longer accepting applications
See open jobs at Ares Management.See open jobs similar to "Principal, Alternative Credit (Asset Management)" MIT Sloan Career Development Office.