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Senior Associate, Special Situations, US Direct Lending PMG
Aresmgmt
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About this role
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 is seeking a Senior Associate for our U.S. Direct Lending Special Situations team.
The Senior Associate will be responsible for supporting control equity positions and workouts/restructurings within the U.S. Direct Lending portfolio ($193B in AUM). The role will provide the Senior Associate with significant opportunities for direct interaction with Ares senior leadership and portfolio company executives as well as long-term career growth.
Primary Functions and Responsibilities: • Financial modeling and analysis in support of active restructurings and equity-owned portfolio companies; experience in 3-statement operational modeling, liquidity analysis, and capital structure modeling preferred • Supporting performance improvement efforts for owned portfolio companies • Supporting due diligence efforts in support of active restructurings and owned portfolio companies • Reviewing and negotiating legal documentation • Communicating with management teams and advisors in connection with strategy, budgeting, forecasting, and financial performance to understand key trends and drivers of equity-owned portfolio companies • Drafting and presenting Investment Committee memos to senior leadership • Utilizing firm’s proprietary software tools for company tracking
Qualifications: • Bachelor's degree or international equivalent • 4+ years of consulting, credit, private equity, or investment banking experience • Advanced MS Excel modeling skills • Advanced MS PowerPoint skills • Excellent written and verbal communication skills • Experience reading and analyzing credit, equity, and restructuring related legal documents • Self-motivated and driven; ability to work effectively in a collegial, fast-moving, demanding, and dynamic environment • Creative problem solver • Exceptional interpersonal skills • Impeccable integrity and trustworthiness • Periodic travel is 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 - $160,000.00 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.
Salary insight
The midpoint of this range ($145k) is about 13% below the median disclosed salary for New York roles listed on ForgeApply ($166k across 6,609 jobs).
Based on live postings with disclosed pay on ForgeApply; refreshed daily. Not an estimate of this employer's offer.
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