Principal, Credit US Direct Lending-Special Situations

Ares Operations•New York, NY

19d•$235,000 - $250,000

About The Position

Ares is seeking a Principal for our U.S. Direct Lending Special Situations team. The Principal will join the team responsible for managing control equity positions and workouts/restructurings within the USDL portfolio. The role will provide the Principal with significant opportunities for direct interaction with Ares senior leadership and portfolio company executives.

Requirements

Bachelor's degree or international equivalent with strong academic record
10+ years of private equity, private credit, principal investing, investment banking, or consulting experience (ideally candidate will have direct experience managing distressed/turnaround situations)
Experience reviewing and analyzing credit, equity, and restructuring related legal documents
Proficiency in Microsoft Excel, Word, and PowerPoint
Excellent written and verbal communication skills
Self-motivated and driven leader; ability to work effectively in a collegial, demanding, and dynamic environment
Creative problem solver
Exceptional interpersonal skills
Impeccable integrity and trustworthiness
Periodic travel will be required

Responsibilities

Developing and executing strategies to navigate active restructurings and support control equity positions that maximize risk adjusted returns across the USDL portfolio
Leading due diligence efforts
Leading performance improvement efforts for owned portfolio companies
Communicating and developing strong relationships with management teams and advisors in connection with strategy, budgeting, forecasting, and financial performance to understand key trends and drivers of portfolio companies and drive positive outcomes
Negotiating solutions with various constituents including lenders, equity sponsors, management, and advisors
Legal document review and negotiation
Drafting and presenting memos to the USDL investment committee and senior leadership

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