Senior Associate, Allocations & Portfolio Compliance
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Overview
Job Description
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
The Investment Operations group within a prestigious credit investment manager is looking to expand.The firm’s private credit businesses have grown significantly over recent years and high caliber talent is needed to help support continued business growth, improve processes, and scale operations.This role would focus on supporting day to day requirements of the investment allocations process for the US Direct Lending business.
Responsibilities:
- Support the investment allocation process for the US Direct Lending business in coordination with deal teams, accounting, operations, and other internal parties
- Develop expertise around the various internal accounts for the US Direct Lending business and the suitability of investments
- Assist deal teams with capacity analyses as they evaluate investment opportunities
- Work with Investor Relations to determine which account guidelines are holding back deployment
- Run pre-trade compliance to determine concentration limits/headroom, sector/country eligibility, etc.
- Oversee the continued systemization builds and enhancements for the allocations process within Ares internal systems
- Perform various data checks to ensure the accuracy of key data points
- Prepare and distribute weekly, monthly, quarterly, annual, and ad hoc reports and internal communications for various funds and business units
- Communicate regularly with the Deal Teams, Portfolio Managers, Compliance, Legal, Business Development, IT, and Accounting departments
Qualifications:
- A Bachelor’s degree is required.
- 3+ years’ experience in relevant operational areas such as settlements, deal closings, or portfolio compliance
- Strong knowledge of bank loans and credit agreements
- Strong knowledge of alternative credit transactions including privately held investments, bank debt, bonds, CLO equity, and other fixed income products
- Self-motivated and proactive team player who takes ownership and accountability of assigned tasks
- Excellent organization and time management skills with ability to prioritize work and function independently
- Effective articulation with excellent written and oral communication skills
- Comfortability interacting with senior stakeholders across all business groups
- Strong proficiency in Excel
Reporting Relationships
Principal, Allocations & Portfolio ComplianceCompensation
The 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.
$120,000 - $135,000
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.
Automate your job search with Sonara.
Submit 10x as many applications with less effort than one manual application.
