Associate, Real Estate Debt, Capital Solutions

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

Ares Management Corporation (“Ares” or the “Firm”) is a publicly traded, leading global alternative asset manager with approximately [$572] billion of assets under management ("AUM") and approximately [4,100] employees. We seek to deliver attractive returns across each of our strategies and believe our investment groups are market leaders based on assets under management and investment performance. Our distinct but complementary teams have the ability to invest across a company’s capital structure, from senior debt to common equity. The Firm was built upon the fundamental principle that each group benefits from being part of the broader platform. We believe the synergies from this multi-asset strategy provides our professionals with insights into industry trends, access to significant deal flow and the ability to assess relative value. 

Since our inception in 1997, we have adhered to a disciplined investment philosophy that focuses on delivering compelling risk-adjusted investment returns throughout market cycles. We believe our growth in becoming one of the largest alternative asset managers is a testament to our experienced management team, our focus on performance and our high-quality investor base, which includes large pension funds, university endowments, sovereign wealth funds, banks and insurance companies.

The Global Capital Solutions team focuses on liabilities sourcing and financing, as well as asset sourcing and strategic counterparty relationships across the Ares platform.

Purpose

• Work within the Real Estate Debt Capital Market team and will partner with Portfolio Management, Acquisition and Accounting (“F&A”) teams on financing transactions, lending relationships, cash / liquidity reporting, forecasting, and hedging

• Certain functions described below shall be shared across company platforms

Key Responsibilities

• Assist with marketing, structuring, negotiating, and closing loans, including secured and unsecured loans used to finance both equity and debt investments

• Prepare financing request packages, including updating Argus and property underwriting for potential lenders

• Summarize and analyze financing quotes received

• 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

• Prepare loan abstracts for newly closed loans and update quarterly financing summary

• 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

• 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

• Assist in conducting capital market research by analyzing comparable company financial reports, analyst research, economic reports, and general real estate research

• Other ad hoc analyses and reporting, both for internal and external purposes

• 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

Profile & Experience

• A Bachelor's degree (in finance or accounting is preferred)

• 3 to 5 years of applicable work experience within real estate debt capital markets; preferably within the following areas: origination, underwriting, legal documentation, loan closing / structuring, securitization, rating agency methodology

• 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

• Proficiency in AI Tools and using AI Tools for automation purposes

• Willingness and ability to travel required 

• Ability to handle sensitive and confidential information required

• High ethical standards required

Reporting Relationships

Compensation

$100,000 - $130,000

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.