Senior Associate, Alternative Credit

Overview 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 Alternative Credit focuses on asset-based finance (ABF) and tactical asset investing opportunities beyond traditional markets, such as corporate debt, real estate and private equity. This strategy seeks opportunities in large, diversified portfolios, including specialty finance, lender finance, equipment leasing, structured products, net lease, cash-flow streams (e.g., royalties, licensing, management fees) and other asset-focused investments. As of March 31, 2026 (and inclusive of Q2 capital raises), Ares Alternative Credit managed approximately $57.3 billion in assets. Ares is a co-founder of Promote Giving and at least 5-10% of the promote profits of Alternative Credit's Pathfinder funds have been pledged to be donated to global health and education charitable organizations. Primary functions and responsibilities Ares is seeking a Senior Associate to join our Alternative Credit Group in the New York office. This strategy focuses on delivering strong risk adjusted excess return over investment grade corporates for insurance balance sheets, with a focus on whole loan acquisitions and privately originated asset-based opportunities. The qualified candidate will have a proven track record in sourcing, structuring, and underwriting asset-based financing and forward flow transactions. Illustrative examples of asset types include consumer loans, student loans, lender finance, infrastructure, transportation, and royalties. The ideal candidate will also have experience in rating agency methodologies. The ideal candidate will be able to operate independently with core responsibilities in sourcing and execution. The candidate should have significant experience interacting with portfolio companies, rating agencies, banks, legal counsel, and have familiarity with investing insurance capital. Financial Modeling & Analysis: Thoroughly analyze and underwrite potential investments including reviews of collateral tapes, historical performance, facility structure, and develop quantitative models to conduct scenario analysis. Strong proficiency with Intex or Python preferred. Due Diligence: Lead due diligence processes including management due diligence, data analysis, and lead all third party work flows including counsel, rating agencies, and other groups as appropriate to facilitate successful closing of transactions. Documentation: Lead documentation processes and negotiations with counterparties. Significant expertise in assembling term sheets, commitment letters, and driving the execution of definitive transaction documents is required. Portfolio Management: Provide active input for active portfolio management of transactions in portfolio. This includes providing oversight and input on transactions and working with portfolio managers to actively manage and continuously assess risk and exposure across the portfolios. Qualifications Superior academic achievement at a top tier undergraduate program is required. 6+ years of finance experience with direct exposure to asset-backed transactions, with a preference for investment banking or buyside experience and familiarity with insurance capital. Demonstrated track record in sourcing and executing privately originated asset-based opportunities. Strong verbal and written communication skills that demonstrate an ability to articulate a clear, concise analysis of investment risk and relative value. Self-motivated and driven; ability to work effectively in a collegial, fast moving, demanding, and dynamic environment. Evidence of intellectual curiosity, creative problem-solving skills, and adaptability. Sophisticated financial modeling and analytical capabilities. Compensation and benefits Reporting Relationships: Partner, Credit Compensation: 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. $0.00 - $0.00 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 with coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more. About Ares and application information 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. Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. As of March 31, 2026, Ares Management's global platform had approximately $644 billion of assets under management with more than 4,400 employees operating across North America, South America, Europe, Asia Pacific and the Middle East. Ares Management LLC 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 March 31, 2026. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser. #J-18808-Ljbffr Ares Management Corporation