Senior Associate, Alternative Credit (Residential)

Ares Management Corporation • New York, NY

87d • $170,000 - $200,000

About The Position

Ares is currently seeking a Senior Associate to add to our Residential Credit team in the Alternative Credit Group in New York. The qualified candidate will have a credit investor’s mindset and a successful track record of structuring and negotiating corporate credit and asset-oriented financing solutions. The Senior Associate will be directly involved in all facets of the investment analysis process including financial modeling, due diligence, industry research, legal documentation, and portfolio monitoring/management. They will interact directly with portfolio company management teams. Finance experience with exposure to asset finance, corporate and/or structured credit, residential whole loans, RMBS, and securitization is critical for success in this role.

Requirements

• Superior academic achievement at a top tier undergraduate program is required.
• 5+ years of finance experience with direct exposure to asset finance, corporate credit, and structured products.
• Experience in residential mortgage products and securitization structures is required.
• Prior buyside experience or financial institutions group (FIG)/securitization/structured credit investment banking experience is strongly preferred.
• Sophisticated financial modeling and analytical capabilities.
• Self-motivated and driven; ability to work effectively in a collegial, fast moving, demanding, and dynamic environment.
• Strong verbal and written communication skills that demonstrate an ability to articulate a clear, concise analysis of investment risk and relative value.
• Evidence of intellectual curiosity, creative problem-solving skills, and adaptability.

Responsibilities

• Thoroughly analyze and underwrite potential investments including reviews of historical financials prepayment and credit data, development of cashflow projection models, and investment analyses.
• Apply various qualitative and quantitative methods, including data analysis and scenario analysis, to assess the relative risk and relative value of potential investments.
• Support the deal team throughout the transaction due diligence and closing processes.
• Collect due diligence materials, utilize information and findings to adjust the underwriting of investments, and coordinate with third party diligence providers to facilitate the review and closing of transactions.
• Support investment team by performing company-sector specific and industry research for each investment opportunity.
• Assist in the development of Investment Committee memos and supporting analysis; ensure the quality, completeness and accuracy of the analysis that precedes investment recommendations as well as manage the overall delivery of associated materials required for decision making.
• Work with the asset management team to provide support to and oversight of certain investments in the portfolio.
• Contribute to various team projects to further strengthen or enhance our investment process.

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)
• Commuter Benefits plan for parking and transit
• Access to a world-class medical advisory team
• Mental health app that includes coaching, therapy and psychiatry
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree