Associate, Credit Specialist

4 weeks ago

Los Angeles, California, United States Ares Management Full time
Job Description

The Ares Global Liquid Credit Group is a leading participant in the non-investment grade corporate credit markets, with approximately $46 billion of assets under management as of March 31, 2024.

The group's investment solutions help traditional fixed income investors access the syndicated loan and high yield bond markets and capitalize on opportunities across traded corporate credit.

Our strategies include syndicated loans, high yield bonds, and multi-asset credit.

Syndicated Loans:

This strategy delivers a diversified portfolio of liquid, traded non-investment grade secured loans to corporate issuers.

Loans are one of the few floating rate fixed income alternatives and can be especially suitable for investors seeking to manage duration.

Our funds include both North American and European issuers. We typically benchmark our loan strategy against the Credit Suisse Leveraged Loan Index.

High Yield Bonds:

This strategy seeks to deliver a diversified portfolio of liquid, traded non-investment grade corporate bonds with an emphasis on maximizing risk-adjusted return opportunities.

This strategy utilizes secured, unsecured and subordinated debt instruments of issuers in both North America and Europe. We benchmark our high yield strategy against the ICE BofAML US High Yield Master II Constrained Index.

Multi-Asset Credit:

Our Multi-Asset Credit strategies combine both syndicated loans and high yield bonds, as well as other asset categories including structured credit, special situations, and related credit instruments, into a single portfolio.

These portfolios are designed to offer investors a flexible solution to global credit investing by allowing Ares to tactically allocate between multiple asset classes in various market conditions in order to capture the best relative value.

This strategy invests globally, can be highly customized, and is designed to go anywhere within the liquid non-investment grade credit universe.

Key Responsibilities:
  • Develop financial models and draft investment committee memorandums for primary, secondary and distressed opportunities
  • Prepare quantitative and qualitative analysis to determine relative value, cash flow and other key metrics for current and prospective portfolio investments
  • Communicate directly with management teams, industry consultants and sell-side research analysts to facilitate due-diligence
  • Present investment recommendations to the Liquid Credit investment committee, comprised of the firm's portfolio managers and senior partners
  • Monitor industry events and trends to identify their implications to current and prospective investments
  • Identify securities trading at attractive relative values compared to their fundamental credit risk

Qualifications:

  • Bachelor's degree with a strong academic record from top undergraduate institution
  • 3-6 years of investment banking, leveraged finance, sell side research, restructuring advisory or principal investing experience
  • Advanced knowledge of leveraged finance, restructuring and/or credit analysis is preferred
  • Strong analytical skills and proficiency in Excel including financial modelling
  • Excellent verbal and written communication skills
  • Proven ability to multi-task
  • Self-motivated and well-organized with high attention to detail
  • Comfortable working individually or with others on special projects
  • Proactive and seeks to continually expand skillset

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, $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.

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