Associate, Real Estate Debt, Capital Solutions
Purpose
Work within the Real Estate Debt Capital Market team and will partner with Portfolio Management, Acquisition and Accounting (“F&A”) teams on financing transactions, lending relationships, cash / liquidity reporting, forecasting, and hedging.
Key Responsibilities
- Aid in marketing, structuring, negotiating, and closing loans, including secured and unsecured loans used to finance both equity and debt investments.
- Create and update financing request packages, including Argus and property underwriting for potential lenders.
- Analyze financing quotes received and summarize and analyze them.
- Collaborate with Title, Attorneys, and Lenders to complete required due diligence for loan closings.
- Work with the Due Diligence team to review surveys, zoning, and environmental reports.
- Create and maintain loan abstracts for newly closed loans and update quarterly financing summaries.
- Implement and monitor interest rate hedges, including swaps and caps, ensuring regulatory compliance and ISDA documentation.
- Calculate and monitor in-place and projected financial covenants for corporate and/or secured financings, including recourse obligations.
- Ongoing tracking of secured and unsecured debt markets, debt strategies, and debt tracking.
- Update the debt capital markets dashboard for acquisition underwriting.
- Track ancillary business and share of wallet for primary brokers and lending relationships.
- Conduct capital market research by analyzing comparable company financial reports, analyst research, economic reports, and general real estate research.
- Perform other ad hoc analyses and reporting, both for internal and external purposes.
- Collaborate with Portfolio Management and F&A teams on forecasting, treasury management, and certain corporate modeling activities, including near-term sources and uses and periodic reports to management regarding cash activities.
- Manage loan draw requests and line of credit borrowings/repayments for unsecured and/or secured debt based on short and medium-term cash needs.
- Evaluate cash management investment strategies based on both internal and external risk factors.
Profile & Experience
- A Bachelor's degree in finance or accounting is preferred.
- 3 to 5 years of applicable work experience within real estate debt capital markets, preferably in origination, underwriting, legal documentation, loan closing / structuring, securitization, rating agency methodology.
- Proficiency in Argus, Excel, PowerPoint, and Word required; Argus certification preferred.
- Excellent written and communication skills required.
- The incumbent must be driven, proactive, good listener, collaborative problem-solver, self-motivated, and a team-oriented individual.
- Demonstrated leadership capabilities required.
- Proficiency in AI tools and using AI tools for automation purposes.
- Willingness and ability to travel required.
- Ability to handle sensitive and confidential information required.
- High ethical standards required.
Compensation
The anticipated base salary range for this position is $100,000 - $130,000. Total compensation may also include a discretionary performance-based bonus. 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. Additional benefits include access to a world-class medical advisory team, mental health app, mindfulness and wellbeing app, financial wellness benefit, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.