Associate, Investment Operations (Treasury)

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 looking for an Associate to join the New York / Los Angeles Investment Operations- Treasury team.  This role reports to the Vice President of Investment Operations. This is an exciting opportunity to join a new group within the Operations team and help grow and support various lines of business. The candidate will be responsible for daily liquidity management and cash forecasting as well helping to implement a new Treasury Management System (TMS).

Primary Functions and Essential Responsibilities

Specific responsibilities include, but are not limited to:

• Preparation of liquidity and cash projection reporting across various strategies, firmwide

• Support activities for monitoring of inputs to the cash management function and Treasury Management System (investment pipeline, currency balances, unsettled trading activity, etc.)

• Monitor inbound/outbound data feeds between Treasury Management System and various systems

• Tracking of non-investment related cash activity (contributions/withdrawals, credit facilities, fees paydowns, etc.)

• Answer inquiries from both the front and back office regarding cash availability and liquidity needs.

• Monitoring counterparty connectivity to Treasury Management System to ensure all accounts and balances are present.

• Ensure all cash transactions were accurately recorded and processed in a timely fashion.

• Works closely on cash forecasting helping to advise our FP&A and Accounting teams on borrowing, paydowns, capital calls, etc.

• Investigate cash breaks between our trade systems and the banks

• Collaborate with various teams firmwide to maintain high service levels and strong relationships

Qualifications

Education:

• Bachelor’s degree in Finance or other business related field

Experience Required:  

• Minimum of 2-4 years of experience in top tier, global capital markets or investment management firms with experience in Treasury Operations, Cash Management, and/or Accounting

• Prior experience with an Alternative Asset, Fixed Income, Leveraged Loans preferred

• Strong knowledge of liquidity and cash forecasting, and understanding of cashflows  

• Experience with Hazeltree, Everest, Wall Street Office, Geneva, and/or IVP data management platforms preferred

• Understanding of basic accounting theories

• Experienced with a diverse set of investment vehicles such as Institutional Separate Accounts, SMA/Limited Partnerships, Open-End Mutual Funds, Closed-End Funds and UCITs, and CLOs

• Intermediate-level technical skills a bonus (VBA, SQL, Excel, Tableau, Power BI, etc.)

General Requirements:

• Strong attention to detail, highly organized and process-driven

• Familiarity with standard activities carried out by financial intermediaries such as investment banks, broker/dealers, Prime Brokers, etc.

• A self-starter with a can-do demeanor, willing to work in an energetic, collaborative, and fast-paced environment

• Ability to be flexible in terms of hours to coordinate with team members across various time zones

• An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes

• Proven outstanding communication (written and verbal), presentation, documentation, and interpersonal skills

• Ability to efficiently juggle multiple priorities and competing demands

• Good judgment in terms of escalating issues vs. solving problems independently

• Dependable, great personality, highly motivated and a team player

• Knowledge of complex fund structures a plus

• Corporate Finance knowledge a plus

Reporting Relationships

Compensation

$105,000 - $120,000

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.