Associate, Alternative Credit

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locations
London, UK
time type
Full time
posted on
Posted Yesterday
job requisition id
R5026
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 DescriptionAres’ Alternative Credit strategy focuses investing in businesses and assets that generate contractual cash flows and fills gaps in the capital markets between credit, private equity and real estate. Ares Alternative Credit targets investments across the capital structure in specialty finance, loan portfolios, structured products, net lease, cash flow streams (royalties, licensing, management fees), equipment leasing, lender finance, fund secondaries, and other asset-focused investments. Our Alternative Credit team leverages a broadly skilled and cohesive team of over 35 investment professionals.Ares is currently seeking a Associate to add to our Alternative Credit Group in London. The qualified candidate will have a credit investor’s mindset and a successful track record of structuring and negotiating corporate credit and asset-focused investments.The Associate will be directly involved in all facets of the investment analysis process including financial modelling, due diligence, industry research, legal documentation, and portfolio
monitoring/management.
They will interact directly with portfolio company management teams. Finance experience with exposure to a diverse universe of products including alternative finance, corporate and asset-based investing, and securitization is critical for success in this role. Primary functions and essential responsibilities Financial Modeling & Analysis: Thoroughly analyze and underwrite potential investments including reviews of historical financials, 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. Due Diligence: 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. Research: Support investment team by performing company-specific and industry research for each investment opportunity. Investment Recommendation: Assist in the development of Investment Committee memos and supporting analysis; ensure the quality, completeness and accuracy of the analysis that precedes investment recommendations and manage the overall delivery of associated materials required for decision making. Portfolio Management: 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. Qualifications Education:Higher level undergraduate degree required Experience Required: 4-6+ years of finance industry experience with direct exposure to alternative finance, corporate credit and structured products.Prior buyside experience or financial institutions group (FIG) investment banking experience is strongly preferred.Sophisticated financial modeling and analytical capabilities. General Requirements: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.European languages abilities considered a plusReporting RelationshipsPartner, Co-Head European Alternative CreditThere 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.
About UsAres Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2023, Ares Management's global platform had approximately $419 billion of assets under management(1) with more than 2,850 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com .Ares Management LLC (together with its related operating and administrative subsidiaries, “Ares Management”) is an Equal Employment Opportunity employer and considers all applicants for employment without regard to race, color, religion, ethnicity, creed, sex, age, national origin, alienage or citizenship status, disability, medical condition, pregnancy, marital status, partnership status, sexual orientation, status regarding public assistance, military or veteran status, domestic violence victim status, gender identity and expression, transgender status, genetic information, status as unemployed, political affiliation or any other characteristic protected by federal, state or local law.Ares Management will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Fair Chance Initiative for Hiring Ordinance.(1) As of September 30, 2023. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.
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