Associate, Capital Solutions
Ares Management
New York, NY, USA · Denver, CO, USA
USD 85k-115k / year
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 Management Corporation (“Ares” or the “Firm”) is a publicly traded, leading global alternative asset manager with approximately [$572] billion of assets under management ("AUM") and approximately [4,100] employees. We seek to deliver attractive returns across each of our strategies and believe our investment groups are market leaders based on assets under management and investment performance. Our distinct but complementary teams have the ability to invest across a company’s capital structure, from senior debt to common equity. The Firm was built upon the fundamental principle that each group benefits from being part of the broader platform. We believe the synergies from this multi-asset strategy provides our professionals with insights into industry trends, access to significant deal flow and the ability to assess relative value.
Since our inception in 1997, we have adhered to a disciplined investment philosophy that focuses on delivering compelling risk-adjusted investment returns throughout market cycles. We believe our growth in becoming one of the largest alternative asset managers is a testament to our experienced management team, our focus on performance and our high-quality investor base, which includes large pension funds, university endowments, sovereign wealth funds, banks and insurance companies.
The Global Capital Solutions team focuses on liabilities sourcing and financing, as well as asset sourcing and strategic counterparty relationships across the Ares platform.
Purpose
Work within the Real Estate Debt Capital Market team and will partner with Portfolio Management, Acquisition and Accounting (“F&A”) teams on financing transactions, lending relationships, cash / liquidity reporting, forecasting, and hedging
Certain functions described below shall be shared across company platforms
Key Responsibilities
Assist with marketing, structuring, negotiating, and closing loans, including secured and unsecured loans used to finance both equity and debt investments
Prepare financing request packages, including updating Argus and property underwriting for potential lenders
Summarize and analyze financing quotes received
Work with Title, Attorneys and Lenders to complete required due diligence to close loans
Partner with Due Diligence team to work through surveys, zoning and environmental reports
Prepare loan abstracts for newly closed loans and update quarterly financing summary
Assist in implementing and monitoring interest rate hedges including swaps and caps, reviewing hedging implications from an accounting and finance perspective and maintaining ongoing regulatory compliance and ISDA documentation
Calculate, monitor, and report in-place and projected financial covenants for corporate and/or secured financings, including recourse obligations – for internal and external purposes
Ongoing tracking of secured and unsecured debt markets, debt strategies, debt tracking, etc.
Periodically update debt capital markets dashboard to be used for acquisition underwriting
Track ancillary business and share of wallet for primary broker and lending relationships
Assist in conducting capital market research by analyzing comparable company financial reports, analyst research, economic reports, and general real estate research
Other ad hoc analyses and reporting, both for internal and external purposes
Partner with Portfolio Management and F&A teams on forecasting, treasury management and certain corporate modeling activities, including near term sources and uses and periodic reports to management regarding cash activities
Manage loan draw requests and line of credit borrowings/repayments for unsecured and/or secured debt based on short and medium term cash needs
Evaluate cash management investment strategies based on both internal and external risk factors
Profile & Experience
A Bachelor's degree (in finance or accounting is preferred)
3 to 5 years of applicable work experience within real estate debt capital markets; preferably within the following areas: origination, underwriting, legal documentation, loan closing / structuring, securitization, rating agency methodology
Proficiency in Argus, Excel, PowerPoint, and Word required; Argus certification preferred
Excellent written and communication skills required
The incumbent must be driven, proactive, good listener, collaborative problem-solver, self-motivated and a team-oriented individual
Demonstrated leadership capabilities required
Proficiency in AI Tools and using AI Tools for automation purposes
Willingness and ability to travel required
Ability to handle sensitive and confidential information required
High ethical standards required
Reporting Relationships
Principal, Capital SolutionsCompensation
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.
$85,000 - $115,000
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.