Vice President/Principal, Ares Insurance Solutions

Ares Management; New York (NY); On-site; USD 200,000 - 250,000; Full time

Job summary

An established industry player is seeking a dynamic Vice President/Principal to join their Insurance Solutions team. This role involves managing investment portfolios, enhancing capabilities across asset classes, and collaborating with various stakeholders to ensure strategic alignment. The ideal candidate will possess a strong background in insurance investment, with a focus on asset liability management and fixed income portfolios. This opportunity offers a chance to make a significant impact in a fast-paced environment while fostering professional growth and development within a supportive team culture.

Benefits

Comprehensive Medical/Rx

Dental and Vision Plans

401(k) Program with Company Match

Flexible Savings Accounts

Healthcare Savings Accounts

Life Insurance

Long-Term and Short-Term Disability Insurance

Employee Assistance Program

Commuter Benefits

Education Sponsorship Program

Qualifications

• 8+ years in insurance investment with liability-centric portfolios.
• Experience with third-party asset managers and fixed income management.
• Strong analytical acumen and attention to detail.

Responsibilities

• Manage existing portfolios and execute strategic asset allocation plans.
• Drive discussions with asset managers on investment performance.
• Develop monitoring and reporting tools for investment management.

Skills

Asset Liability Management

Fixed Income Portfolio Management

Analytical Skills

Interpersonal Skills

Communication Skills

Mentoring

Entrepreneurial Mindset

Education

Bachelor's Degree in Economics, Math, or Business

CFA, CPA, FRM, CAIA

MBA

Tools

Excel

PowerPoint

Bloomberg

Clearwater

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 is seeking a full-time Vice President/Principal to join our dynamic and growing Insurance Solutions team. The candidate will be an integral part of the investment team and work closely with senior members of Ares Insurance Solutions (“AIS”) on a variety of activities pertaining to the investment portfolio.

Ares is seeking a full-time Vice President/Principal to join our dynamic and growing Insurance Solutions team. The candidate will be an integral part of the investment team and work closely with senior members of Ares Insurance Solutions (“AIS”) on a variety of activities pertaining to the investment portfolio.

AIS is an in-house team that provides asset management, capital solutions and corporate development services to Ares Management’s strategic initiatives in insurance, including Ares’ new life and annuity platform, Aspida Financial (Aspida.com).

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.

Primary functions & responsibilities:

The candidate will provide input for the day-to-day investment portfolio activities for senior members of Ares Insurance Solutions. Key responsibilities include, but not limited to:

• Management of existing portfolios to execute strategic asset allocation plans, ensuring alignment with AIS/Aspida goals.
• Drive ongoing discussions with asset managers on investment portfolio to include market opportunity for cash deployment, portfolio performance and ensure manager compliance with guidelines by entity.
• Help enhance investment capabilities across new asset classes to support Aspida’s competitive positioning in the market.
• Develop and manage portfolio management monitoring, tracking and reporting tools to support investment management initiatives across portfolios.
• Assist with the evaluation, due diligence of new asset class strategies and managers including implementation across Aspida entities based on investment objectives, guidelines risk appetite and ALM constraints.
• Oversee the preparation of investment committee memos and manage onboarding for new managers/strategies.
• Lead relationship with specific Aspida entities and be responsible for communicating market observations, investment strategy, portfolio positioning, performance and guideline compliance.
• Partner with Aspida for the onboarding of new clients/entities.
• Develop professional business relationships and partner with risk management, actuarial, financial and other Ares / Aspida team members to support Aspida.
• Provide mentoring and guidance to junior members on the team as AIS continues to grow.

Qualifications:

Education: bachelor’s degree required, preferably in Economics, Math or Business. Professional designations such as CFA, CPA, FRM, CAIA, etc., MBA would be viewed favorably.

Experience/Skills Required:

• 8+ years of relevant experience as an insurance investment professional with a preference towards involvement with liability-centric portfolios and working with third-party asset managers.
• Broad strategic investment perspective with advanced knowledge of asset liability management, accounting and regulatory capital specific to life and annuity insurance companies.
• Significant exposure to fixed income insurance portfolio management across private and public markets, including portfolio performance measurement, and asset and liability management as it relates to an insurance company. Experience with structured assets is a plus.
• Experience developing and implementing strategies, creating investment policies and guidelines and building infrastructure to support needs of an insurance company’s balance sheet across multiple jurisdictions.
• High level of business integrity, together with an entrepreneurial and hands-on mindset.
• Previous experience with leading the evaluation, implementation, and oversight of external managers.
• Accuracy and attention to detail is essential with strong analytical acumen.
• Ability to work effectively in a collegial, fast moving, demanding, and dynamic environment.
• Proven record of delivering and exceeding expectations in a client-centric role across numerous stakeholders; internal and external.
• Solid quantitative/analytical and problem-solving skills; ability to multi-task in a dynamic environment.
• Strong interpersonal and communication skills; team player with a positive attitude.
• Ability to think and act as a business owner.
• Experience mentoring, teaching and training more junior team members.
• Advanced Excel and PowerPoint skills.
• Working knowledge of Bloomberg and Clearwater a plus.

Reporting Relationships

Deputy Chief Investment Officer, Ares Insurance Solutions

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.

$200,000-250,000

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.