Vice President, Asset Management

Position Summary Vice President will be an instrumental member of the Retail Asset Management team and will operate and manage a designated set of retail assets within Ares funds. Responsibilities include overseeing the day‑to‑day operations of a portfolio of 12‑20 grocery‑anchored shopping centers, developing and implementing long‑term strategies and value‑creating initiatives, and coordinating with third‑party property management, leasing, and construction teams. Essential Duties Manage third‑party property management teams, internal and external leasing teams, and construction management teams in all aspects of property operations. Execute the annual budget process, including preparation, completion, and presentation of annual business plans, projected revenue and expense forecasts, and subsequent incorporation into valuation models. Review valuation analysis to develop recommendations for potential leasing transactions and redevelopment/repositioning opportunities, as well as capital allocation and implementation. Ensure all leases are financially structured to maximize profitability while minimizing risk, using financial modeling and analysis of tenant financial statements, economic terms versus underwriting or budget assumptions, and market conditions. Ensure accurate and timely submission of management reporting on the portfolio, reviewing monthly third‑party reports and compiling internal asset management portfolio reports on a monthly, quarterly and annual basis. Develop the strategic plan for the portfolio, including preparation and completion of annual budgets and business plans, marketing plans, valuation models, leasing strategy, merchandising mix, and long‑term value‑creation initiatives. Provide oversight and support to asset management analyst team, including financial analysis and reporting for the overall retail portfolio. Work with the equity investment team to provide regular property and leasing updates to ensure accurate internal valuation maintenance. Assist with due diligence during the acquisition phase, including tenant interviews, underwriting assumptions (market rent, lease‑up timing, leasing costs, and capital improvements), and review of third‑party environmental and engineering reports. Represent ARES to the broader real estate community (e.g., brokers, bankers and other service providers). Visit all properties within the portfolio on a regular basis to coordinate efforts with third‑party property managers and leasing teams. Serve as the expert in each market where properties are assigned and travel as required. Maintain strong knowledge of market conditions and complete special projects as assigned. Knowledge, Skills & Abilities Bachelor’s degree with undergraduate coursework in business, finance or accounting; strong understanding of real estate finance principles. 8+ years of relevant work experience, with prior experience in the retail sector as a requirement. Ability to comprehend, analyze, interpret and create real estate documents including LOIs, RFPs, property offering memorandums, market reports and tenant leases. Experience and understanding of financial concepts specifically relating to asset values derived from pro‑forma cash flows and capital markets assumptions. Excellent written and verbal communication skills; ability to manage multiple projects simultaneously and both internal and external teams. Proficiency in Excel and Argus. Self‑starter with a strong work ethic and vested interest in the retail real estate profession. Ability to work within a broader team and independently as needed to complete tasks. Compensation & Benefits Base salary range: $180,000 - $225,000. Total compensation may include a discretionary performance‑based bonus. The firm also offers robust benefits: 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 for parking and transit. Additional benefits include access to a world‑class medical advisory team, a mental health app with coaching, therapy and psychiatry, a mindfulness and wellbeing app, a financial wellness benefit with a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and more. EEO Statement 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. #J-18808-Ljbffr