Associate, Credit Secondaries

aresmgmt; New York (NY); On-site; USD 130,000 - 175,000; Full time

Benefits offered by this job

Comprehensive medical, dental and life

401(k) with company match

Flexible Savings Accounts (FSA)

HSA with company contribution

Long-Term Disability

Education sponsorship

Job summary

Ares Secondaries Group in New York seeks an Associate to join the Credit Secondaries team. You will engage in transaction management, due diligence, and portfolio management while building a network in the credit secondaries space.

The role involves leading teams through diligence, representing the firm externally, and coordinating with brokers, LPs, and GP managers. Competitive base salary and broad benefits accompany this opportunity.

Qualifications

• Bachelor’s degree or international equivalent in Finance, Accounting, or a related field.
• 2+ years of relevant work experience; Secondary investment experience is required.
• Sophisticated modeling and analytical capabilities.
• Ability to reduce complex problems and models into key drivers.
• Detail oriented with the ability to manage multiple projects.
• Strong verbal and written communication skills.
• Self-motivated with an entrepreneurial spirit and ability to handle increased responsibilities.

Responsibilities

• Assisting in the fundamental due diligence and analytical effort during the investment process.
• Leading transaction teams throughout the entire transaction process and reviewing junior team work.
• Representing the firm in the global investment community at meetings, diligence sessions, and conferences.
• Developing a network of contacts in the credit secondaries industry through deal negotiations and attendance at events.
• Due diligence activities: qualitative and quantitative asset level credit analysis and data synthesis.
• Organizing due diligence materials and developing the investment thesis; guiding junior team members.
• Leading diligence sessions with brokers, LPs, and GP managers; developing investment committee materials.
• Communicating investment recommendations to the investment team and committee.
• Managing the closing process and supporting documentation.
• Assisting in portfolio analytics and fund performance monitoring.

Skills

Financial modeling

Data analysis

Communication skills

Team collaboration

Entrepreneurial mindset

Education

Bachelor's degree in Finance/Accounting or related field

Tools

Excel

Job description

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 Secondaries Group is one of the most experienced investors in acquiring secondary private fund ownership stakes in the alternative asset management industry. The Group provides bespoke and customized liquidity solutions across the private equity, credit, real estate, and infrastructure asset classes. With over 30 years of experience in the market, Ares Secondaries Group focuses on generating attractive risk adjusted returns through its leading industry analytics and research, robust deal origination, underwriting and portfolio management activities.

Building off the success of its secondaries investment experience, the Ares Secondaries Group has launched a Credit Secondaries platform and is looking to build out its team. The newly established strategy is a natural extension of Ares’ leading Credit and Secondaries platforms, which respectively had approximately $285 billion and $25 billion of assets under management as of December 31, 2023. The Ares Secondaries Group has more than 85 dedicated investment and research professionals located in offices across the United States, Europe and Asia.

The Credit Secondaries group is a new business line within Ares. This would be a great opportunity to join at the ground floor and help build a new and exciting product for the firm.

We are seeking a motivated professional to join our Credit Secondaries team as an Associate in our New York office. Associates are primarily engaged in transaction management and leadership, business development, investment decision making and portfolio management.

Responsibilities include:

• Assisting in the fundamental due diligence and analytical effort during the investment process.

• Leading transaction teams throughout the entire transaction process, including managing and reviewing the work of junior team members.

• Developing and demonstrating an ability to consistently represent the firm in the global investment community including representing the firm outside of the office at marketing meetings, diligence sessions, investor meetings, conferences, and other events.

• Develop a network of contacts in the credit secondaries industry through deal negotiations, due diligence activities and attendance at industry conferences and other networking events.

• Due diligence activities, including:

  • Qualitative and quantitative asset level credit analysis including data synthesis and trend summaries

  • Analyzing and overlaying macro level trends to diligence diversified credit portfolios

  • Organizing all due diligence materials and developing the investment thesis

  • Guiding and reviewing junior team members’ due diligence activities

  • Leading diligence sessions with third parties including brokers, LPs, and GP managers

  • Overseeing the development of internal investment committee materials

• Communicating investment recommendations and supporting facts to the investment team and/or investment committee.

• Managing the closing process, including the preparation and confirmation of legal documentation and other related materials.

• Assisting in portfolio analytics and fund performance monitoring.

Qualifications:

• Bachelor’s degree or international equivalent required. Superior academic achievement at a top tier undergraduate program in Finance, Accounting, or a related field.

• 2+ years of relevant work experience; Secondary investment experience is required.

• Sophisticated modeling and analytical capabilities.

• Ability to reduce complex problems and models into key drivers. Ability to combine disparate datasets and assumptions.

• Detail oriented with the ability to manage multiple projects.

• Ability to work effectively in a dynamic team environment, and with senior and junior professionals.

• Strong verbal and written communication skills, and a professional, polished demeanor.

• Evidence of intellectual curiosity, creative problem-solving skills, and adaptability.

• Self-motivated with an entrepreneurial spirit and the ability to handle and thrive with increased independence and managerial responsibilities.

Reporting Relationships

Head of Credit Secondaries

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.

$130,000.00 - $175,000.00

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.