Vice President, Treasury

Ares Management Corporation; Los Angeles (CA); On-site; USD 170,000 - 200,000; Full time

Job summary

An established industry player is seeking a dynamic Vice President of Treasury to lead their Global Treasury Operations team. This role offers an exciting opportunity to shape treasury workflows and technology in a fast-paced, high-growth environment. The ideal candidate will possess a strong background in liquidity management and cash forecasting, with a proven track record in investment management. You will collaborate across various teams and contribute to the establishment of a Core Center of Excellence. If you thrive in a consultative role and enjoy tackling complex challenges, this position is perfect for you.

Benefits

Comprehensive Medical / Rx

Dental and Vision plans

401(k) with company match

Flexible Savings Accounts (FSA)

Healthcare Savings Accounts (HSA)

Life Insurance

Long-Term and Short-Term Disability Insurance

Employee Assistance Program (EAP)

Commuter Benefits

Education Sponsorship Program

Qualifications

• 10+ years in global capital markets or investment management firms.
• Experience in Treasury Operations and Cash Management.
• Strong knowledge of liquidity forecasting and cash modeling.

Responsibilities

• Manage daily liquidity and cash forecasting for multiple business lines.
• Sourcing and managing bank accounts and relationships.
• Prepare liquidity forecasts for accounting and financial planning.

Skills

Liquidity Forecasting

Cash Management

Operationalizing Treasury Functions

Client Service

Time Management

Analytical Skills

Education

Bachelor’s degree in Finance

Tools

Hazeltree

Everest

Wall Street Office

Geneva

IVP Data Management

VBA

SQL

Excel

Power BI

Job description

Ares is seeking an experienced Vice President of Treasury to join the Global Treasury Operations team within Investment Operations. This is an exciting opportunity to join a newly created group within Investment Operations and help establish a Core Center of Excellence to grow to support all Ares lines of business. The candidate will be responsible for daily liquidity management and cash forecasting as well as the future development of our Treasury workflows and technology.

The successful candidate will be a self-starter, process-oriented, and extremely flexible with an ability to define, design, create and improve treasury functions. The ideal candidate will adapt quickly and must be organized with a strong sense of client service and ability to meet multiple tight deadlines. They will have a demonstrated track record in operationalizing liquidity management and possess experience working in an alternative investment management setting, within the financial services industry.

Ares is a fast-paced, high growth and rapidly changing environment. To succeed, the individual will need a flexible and consultative skill set, including the ability to think strategically, execute tactically, and collaborate across multiple business lines, and other internal / external teams, levels, and situations.

Specific responsibilities include, but are not limited to :

Bank Account Management

• Sourcing and opening bank accounts, including all required currency accounts, and managing sweep options on excess cash. This will include setting up and maintaining all bank accounts throughout the firm.
• Sourcing new banking relationships and vetting them with both internal and external stakeholders
• Building and strengthening existing banking relationships while ensuring Ares has the right support model at the banks.

Cash Operations and Wires

• Support activities for overnight monitoring of inputs to the cash management function (investment pipeline, currency balances, unsettled trading activity, etc.).
• Track non-investment related cash movements (contributions / withdrawals, fees, etc.).
• Design and maintain controls to ensure all cash transactions were accurately recorded; work with banks to resolve and clear all cash account exceptions as needed.
• Monitor inbound / outbound data feeds between Treasury Management System (TMS) and various systems and build controls to ensure data accuracy.
• Help to manage the system integrations between Treasury system and other internal and external systems.
• Help investigate cash breaks between our Ares and the banks.
• Sourcing settled and traded cash balances and transactions to provide central visibility, oversight, and data integrity. Implement controls to ensure data sourced is accurate and timely.
• All cash and wire movements are centralized for processing, tracking and audit purposes, including collateral management, delayed draw funding's, deal closing, and expense payments. Ensure all centralized data flows properly into the liquidity reports.
• Build and maintain portfolio level credit facility data, servicing, all associated cashflow management, and reconciliations, includingall systematized borrowing base modeling, testing, calculation, and maintenance.

Liquidity Forecasting and Stakeholder Management

• Prepare liquidity forecasts for Accounting and Financial Planning and Analysis Teams by managing all inputs and reconciliations (starting cash balances, asset borrowings and repayments, capital activity, upcoming deployment pipeline and trade settlements)
• Standardize liquidity reporting to both internal and external stakeholders.
• Answer inquiries regarding cash availability and liquidity needs.
• Create and maintain Key Performance Indicators (KPIs) to facilitate continuous improvement for both external parties and internal stakeholder.

Qualifications

Education :

• Bachelor’s degree in Finance or other business related discipline

Experience Required :

• Minimum of 10 years of experience in top tier, global capital markets or investment management firms with experience in Treasury Operations, Cash Management, and / or Accounting
• Prior experience with an Alternative Asset, Fixed Income, Leveraged Loan preferred.
• Strong knowledge of liquidity forecasting and cash modeling
• Experience with Hazeltree, Everest, Wall Street Office, Geneva, and / or IVP data management platforms preferred.
• Experienced with a diverse set of investment vehicles such as Institutional Separate Accounts, SMA / Limited Partnerships, Open-End Mutual Funds, Closed-End Funds and UCITs, CLOs, and complex fund structures.
• Intermediate-level technical skills a bonus (VBA, SQL, Excel, Power BI, etc.)
• Understanding of basic accounting theories
• Knowledge of complex fund structures a plus
• Corporate Finance and Alternative Investment Knowledge preferred.
• Experience working with financial intermediaries like investment banks, leverage providers, broker / dealers and Prime Brokers a must.
• Experience building and implementing workflows, inclusive of monitoring controls for ongoing due diligence.

General Requirements :

• Ability to successfully manage multiple complexes, time sensitive priorities and competing demands with multiple stakeholders by leveraging a hands-on approach.
• Strong time management and prioritization skills; ability to work under tight deadlines in a fast-paced environment.
• Strong attention to detail, highly organized and process-driven; high accuracy
• Ability to extract meaningful information from extensive research and analysis to effectively present facts and findings in a digestible format.
• A self-directed individual with a can-do attitude, willing to work in an energetic, collaborative, and fast-paced environment, proactive in nature, and a proven ability to resolve issues with minimal supervision.
• Proven outstanding communication (written and verbal), presentation, documentation, and interpersonal skills.
• A hands-on approach and ability to synthesize business operations and talent needs.
• Ability to successfully manage multiple priorities and competing demands.
• Good judgment in terms of escalating issues vs. solving problems independently.
• A solutions-oriented, self-starter and ability to see the big picture.
• Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment.
• Ability to be flexible in terms of hours to coordinate with team members across various time zones.
• Dependable, great attitude, highly motivated and a team player
• Strong sense of ownership and accountability; demonstrates sound judgment and decision-making.
• An analytical mind and a passion / interest in bringing new ideas to increase efficiency of existing processes.

Reporting Relationships

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.

170,000 - $200,000

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.