Job Details
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
Job Description
Position Summary
This Associate will work within the Debt Capital Markets team and will partner with Portfolio Management, Acquisitions, Debt Originations, Due Diligence, Asset Management and Accounting ("F&A") teams on deal level financing transactions, corporate / fund level financings, lending relationships, cash / liquidity management, forecasting and interest rate hedging. Certain functions described below shall be shared across company platforms.
Essential Duties
- Assist with marketing, structuring, negotiating and closing loans, including secured and unsecured loans used to finance both equity and debt investments
- Summarize and analyze financing quotes received
- Prepare financing request packages, including updating Argus and property underwriting for potential lenders
- Calculate, monitor, and report in-place and projected financial covenants for corporate and/or secured financings, including recourse obligations - for internal and external purposes
- Ongoing tracking of secured and unsecured debt markets, debt strategies, debt tracking, etc.
- Periodically update debt capital markets dashboard to be used for acquisition underwriting
- Track ancillary business and share of wallet for primary broker and lending relationships
- Complete miscellaneous projects related to the firm's capital raising and investment initiatives on a time-sensitive basis, including public market comparable company analyses, M&A valuation work, and joint venture structural evaluations
- Assist in conducting capital market research by analyzing comparable company financial reports, analyst research, economic reports, and general real estate research
- Work with Title, Attorneys and Lenders to complete required due diligence to close loans
- Partner with Due Diligence team to work through surveys, zoning and environmental reports
- Assist in implementing and monitoring interest rate hedges including swaps and caps, reviewing hedging implications from an accounting and finance perspective and maintaining ongoing regulatory compliance and ISDA documentation
- Prepare loan abstracts for newly closed loans and update quarterly financing summary
- Partner with Portfolio Management and F&A teams on forecasting, treasury management and certain corporate modeling activities, including near term sources and uses and periodic reports to management regarding cash activities
- Manage loan draw requests and line of credit borrowings/repayments for unsecured and/or secured debt based on short and medium term cash needs
- Evaluate cash management investment strategies based on both internal and external risk factors
- Work with Asset Management regarding leverage modifications and/or refinancings needed during an asset's investment life
- Other ad hoc analyses and reporting, both for internal and external purposes
Required Knowledge, Skills and Abilities- A Bachelor's degree (in finance or accounting is preferred)
- 3 to 5 years of applicable work experience is required, prior experience in the following areas also preferred: debt capital markets transaction experience, liquidity and forecasting, banking and agency ratings and/or corporate finance
- Proficiency in Argus, Excel, PowerPoint, and Word required; Argus certification preferred
- Excellent written and communication skills required
- The incumbent must be driven, proactive, good listener, collaborative problem-solver, self-motivated and a team-oriented individual
- Demonstrated leadership capabilities required
- Willingness and ability to travel required
- Ability to handle sensitive and confidential information required
- High ethical standards required
Reporting RelationshipsCompensationThe 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.
$100,000.00 - $140,000.00
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.