Principal, Alternative Credit (Fund Finance)

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 strategy targets various types of asset-focused investments where diversified pools of assets (rather than corporate earnings) generate the cash flows upon which the Team’s investments are based.  Alternative Credit invests across a spectrum of liquid and illiquid opportunities that include various specialty finance sectors, fund finance, net leases, structured products, cash flow streams (e.g. royalties, licensing, management fees), and other asset types.  Alternative Credit has a broad range of sub-strategies designed to be client-focused and solutions-based with three main formats: pure play, customized and flagship funds.

We are currently seeking a Principal to join the alternative credit team in New York focused on fund finance origination and structuring. The Principal will focus on a variety of core fund finance responsibilities including:   identifying and developing relevant Sponsor relationships, gathering market intelligence, sourcing new investment opportunities, negotiating, structuring & helping to execute fund finance transactions, developing and coordinating various branding initiatives. The accelerated AUM growth in recent years combined with the growth of activity in the Fund Finance sector has created an immediate need to enhance the groups US origination capabilities.  This new hire will compliment the existing market leading fund finance franchise.

Primary functions:

• Sponsor Relationship Development : Assist with identifying and maintaining US based Sponsor relationships
• New Deal Origination:  Facilitate sourcing new deal flow across US Sponsor network with a focus on (but not limited to) fund finance transactions
• Structuring/Execution: Play an integral role in negotiating, structuring and executing on transactions as part of the Deal team
• Syndication:  Distribute originated risk within the firm and/or externally as needed
• Branding: Brand development including conferences, panels, social events etc

Qualifications:

• Bachelor’s Degree or international equivalent required
• Minimum of 8+ years’ experience at a top investment firm, investment bank, advisor or similar organization, which might include experience in fund finance, leveraged finance, buy-side M&A, structured product sales/syndications and/or principal investing experience.
• Strong intellect with outstanding quantitative and qualitative analytical skills; strong knowledge of finance and accounting
• Understanding of loan / transaction documentation – commitment letters, term sheets and credit agreements
• Excellent writing, analytical and presentation skills
• Demonstrated competency in financial statement analysis, business valuation, accounting and finance.
• Superior networking skills and ability to source valued information

Reporting Relationships

Co-Head European Alternative 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.

$235,000.00 - $250,000.00

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.