Associate, Credit Secondaries, Portfolio Management

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 is seeking an Associate to join its Portfolio Management Team (“PMT”) supporting the Firm’s Credit Secondaries platform. The PMT is a specialized, strategically focused team responsible for portfolio‑level risk oversight, performance analysis, and the development of portfolio construction and fund management frameworks across Ares’ global secondaries business. The team partners closely with investment professionals, senior leadership, Investor Relations, and Product Management, and engages regularly with limited partners and other external stakeholders. The role offers meaningful responsibility, broad exposure across the investment lifecycle, and direct interaction with senior decision‑makers. The Associate will report to the Head of Portfolio Management and be based in New York or Connecticut. Responsibilities Portfolio Management & Risk Oversight Oversee ongoing portfolio monitoring for secondaries investments across applicable asset classes (Private Equity, Credit, Infrastructure, and/or Real Estate), including performance tracking, cash flow analysis, valuation review, and risk assessment throughout the investment lifecycle Analyze portfolio exposures, concentration risks, pacing, and return attribution, synthesizing insights and escalating key themes or emerging risks to senior leadership Develop and maintain transaction‑level and portfolio‑level financial models to evaluate prospective investments and assess portfolio construction implications Partner with investment teams to articulate the Portfolio Management perspective during investment committee discussions and transaction reviews Reforecast existing investments on a semi‑annual basis, evaluating changes in underlying performance, tracking error, and implications for forward‑looking strategy Strategy & Portfolio Construction Assist in the design and maintenance of strategy‑level portfolio models that inform investment policy decisions, including asset allocation, risk parameters, deployment pacing and sizing, financing tools, and liquidity or cash recycling considerations Support quarterly portfolio and strategy discussions with key stakeholders, including investment committee members and senior investment leadership, to align teams on portfolio positioning and strategic priorities Apply portfolio insights to support product development and capital formation initiatives, including separately managed accounts and parallel investment structures Financial Analysis & Reporting Support the preparation and review of comprehensive portfolio‑level analyses, including NAV forecasts, cash flow projections, scenario analyses, and performance summaries for senior management and investment committees Contribute to quarterly and ad hoc investor reporting by producing high‑quality portfolio analytics and written commentary in collaboration with Investor Relations and Product Management Ensure accuracy, consistency, and integrity of data across portfolio management systems, reporting tools, and downstream analytics Product & Investor Support Support investor due diligence efforts by responding to inquiries related to portfolio construction, performance drivers, liquidity, and risk management Assist in the preparation of portfolio reviews, investor presentations, and fundraising materials in coordination with Investor Relations and senior leadership Contribute to the ongoing enhancement of portfolio management frameworks, analytical tools, and reporting standards across secondaries strategies Cross‑Functional Collaboration Work closely with investment teams, fund accounting, legal, tax, and operations to ensure accurate representation of portfolio activity and timely resolution of issues Coordinate with Fund Accounting and Portfolio Analytics teams to review valuations, capital account statements, and financial reporting outputs Support senior portfolio managers and partners on strategic initiatives related to portfolio construction, analytical capabilities, and process improvements Qualifications Strong written and verbal communication skills, with the ability to synthesize complex analyses for senior and external audiences Solid foundation in financial analysis, accounting principles, and financial modeling Demonstrated analytical and quantitative aptitude Advanced proficiency in Microsoft Excel and PowerPoint Experience with Python or other analytical programming tools is a plus Ability to manage multiple priorities, operate independently, and collaborate effectively in a team‑oriented, fast‑paced environment High attention to detail and strong quality‑control mindset Prior experience in investment banking, private equity, asset management, or management consulting preferred Education Bachelor’s degree in finance, economics, mathematics, data analysis, or a related discipline CFA or CPA designation preferred, but not required Reporting Relationships 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. $130,000.00 - $175,000.00 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 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. 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. 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, 2025, Ares Management's global platform had approximately $623 billion of assets under management(1) with more than 4,200 employees operating across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit 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 December 31, 2025. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.