Associate, Exchange Services
About The Position
Ares Wealth Management Solutions (AWMS) oversees the product development, distribution, marketing, and client management activities of investment offerings for the global wealth management channel. With a team of more than 90 professionals and backed by the power and scale of the Ares platform, AWMS represents one of the most resourced wealth distribution and client service teams in the alternatives industry. AWMS’ mission is to provide advisors and their clients access to innovative, solutions-oriented investment opportunities, across the Ares platform of industry leading credit, private equity, real estate, and secondaries strategies. Through our range of institutional and retail structures, coupled with excellent client service and educational resources, we help investors diversify their portfolios with private market solutions that can deliver consistent, long-term growth. This position is responsible for closing Ares Real Estate Exchange (AREX) 1031 exchange investor purchases and current investors going through the 721-exchange/UPREIT process. Role will include entity document review (trust agreements, operating agreements, etc.), closing package and loan document preparation, account transfers and redemptions, as well as other transactional aspects of Ares Real Estate Exchange program (AREX). AREX is part of Ares Wealth Management Solutions, offering a unique investment solution through financial advisors to accredited investors seeking institutional quality replacement property for a 1031 tax-deferred real estate exchange.
Requirements
- A bachelor’s degree or equivalent experience required
- A minimum of three years’ experience in one or more of the following professional areas: Transaction coordinator or closer with a 1031 exchange qualified intermediary Commercial real estate and/or loan closings with a title company, escrow company, bank, mortgage, or real estate company Trust company, private bank, family office or investment bank experience Financial services firm working with high-net-worth clients
- Experience with 1031 exchanges, trust, LLC, partnership, and corporate entity documentation is preferred
- Working knowledge of real estate transactions, closing statements and related documentation
- Excellent attention to detail and organization and time management skills
- Professional verbal and written communication skills
- Ability to learn quickly and comply with company policies, procedures, operations, and industry practices
- Ability to work well independently and with a team
Responsibilities
- Close new purchases into the Ares Real Estate Exchange program and other post-closing investor transactions, including UPREITs, account transfers and redemptions
- Communicate and collaborate with financial advisors, investors, qualified intermediaries, and internal business team members to ensure a highly professional, efficient, well-executed and accurate closing process
- Use internal systems to track and manage transactions, important dates, and deadlines throughout the closing process for investments and UPREIT transactions
- Perform and summarize background and AML checks on prospective investors
- Work with the Client Services Team on AREX investor account maintenance requests
- Coordinate with the loan underwriting team on closings involving debt
- Collaborate with the team of product sales specialists on issues effecting closings and customer relations
Benefits
- 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
- 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
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
