Associate, Alternative Credit
6 days ago
Job Description
Ares' Alternative Credit strategy focuses on investing in businesses and assets that generate contractual cash flows and fills gaps in the capital markets between credit, private equity and real assets. Recent examples of Alternative Credit transactions in Europe include:
Structured equity investment in Plenitude -
Structured funding vehicle with Coller Capital -
Preferred equity investment in Quintain -
Our Alternative Credit Group is looking to hire an Associate into the London team. The qualified candidate will have a credit investor's mindset and a successful track record of structuring and negotiating corporate credit and asset-focused investments.
The Associate will be directly involved in all facets of the investment analysis process including financial modelling, due diligence, industry research, legal documentation, and portfolio monitoring/management. They will interact directly with portfolio company management teams. Finance experience with exposure to a diverse universe of products across the capital structure and across corporate and asset-based investing is critical for success in this role.
Primary functions and essential responsibilities
- Financial Modelling & Analysis: Thoroughly analyse and underwrite potential investments including reviews of historical financials, development of cashflow projection models and investment analyses. Apply various qualitative and quantitative methods, including data analysis and scenario analysis, to assess the relative risk and relative value of potential investments.
- Due Diligence: Contribute to the deal team's workstreams throughout the transaction due diligence and closing processes. Collect due diligence materials, utilize information and findings to adjust the underwriting of investments, and coordinate with third party diligence providers to facilitate the review and closing of transactions.
- Research: Contribute to investment team analysis by performing company-specific and industry research for each investment opportunity.
- Investment Recommendation: Assist in the development of Investment Committee memos and supporting analyses; ensure the quality, completeness and accuracy of the analysis that precedes investment recommendations and manage the overall delivery of associated materials required for decision making.
- Portfolio Management: Work with the asset management team to provide support to and oversight of investments in the portfolio.
- Contribute to various Team projects to enhance our investment process.
Qualifications
Education:
- Higher level undergraduate degree required
Experience Required:
- 1-4+ years of finance industry experience with exposure to M&A, FIG, infrastructure, real estate, TMT, and/or structured credit.
- Prior buyside experience or financial institutions group (FIG), infrastructure, TMT, or real estate investment banking experience is strongly preferred.
- Sophisticated financial modelling and analytical capabilities.
General Requirements:
- Self-motivated and driven; ability to work effectively in a collegial, fast moving, demanding, and dynamic environment.
- Strong verbal and written communication skills that demonstrate an ability to articulate a clear, concise analysis of investment risk and relative value.
- Evidence of intellectual curiosity, creative problem-solving skills, and adaptability.
- European languages abilities considered a plus
Reporting Relationships
Partner, Co-Head European Alternative CreditThere 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.
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