Associate, Credit Secondaries, Portfolio Management

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.

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
• Aid 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

Benefits

• 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.