Job Description
Ares is currently seeking an 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 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.
Primary functions and responsibilities:
- Financial Modeling & Analysis: 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.
- 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-sector 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 as well as 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:
- Superior academic achievement at a top tier undergraduate program is required.
- 2+ 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.
