Principal, Credit US Direct Lending-Special Situations
Ares Management
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 seeking a Principal for our U.S. Direct Lending Special Situations team.
The Principal will join the team responsible for managing control equity positions and workouts/restructurings within the USDL portfolio. The role will provide the Principal with significant opportunities for direct interaction with Ares senior leadership and portfolio company executives.
Primary Functions and Responsibilities:
- Developing and executing strategies to navigate active restructurings and support control equity positions that maximize risk adjusted returns across the USDL portfolio
- Leading due diligence efforts
- Leading performance improvement efforts for owned portfolio companies
- Communicating and developing strong relationships with management teams and advisors in connection with strategy, budgeting, forecasting, and financial performance to understand key trends and drivers of portfolio companies and drive positive outcomes
- Negotiating solutions with various constituents including lenders, equity sponsors, management, and advisors
- Legal document review and negotiation
- Drafting and presenting memos to the USDL investment committee and senior leadership
Qualifications:
- Bachelor's degree or international equivalent with strong academic record
- 10+ years of private equity, private credit, principal investing, investment banking, or consulting experience (ideally candidate will have direct experience managing distressed/turnaround situations)
- Experience reviewing and analyzing credit, equity, and restructuring related legal documents
- Proficiency in Microsoft Excel, Word, and PowerPoint
- Excellent written and verbal communication skills
- Self-motivated and driven leader; ability to work effectively in a collegial, demanding, and dynamic environment
- Creative problem solver
- Exceptional interpersonal skills
- Impeccable integrity and trustworthiness
- Periodic travel will be required
Reporting Relationships
Partner, Special Situations, US Direct Lending PMGCompensation
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.