Associate, Real Estate Debt (Asset Management)

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

Position Description

The Associate, Asset Management position actively manages highly structured commercial transitional and stretch first mortgage and mezzanine loans, as well as equity products throughout the US. The Associate will administer the funding of commercial real estate loans as well as monitor and analyze the performance of commercial real estate properties which secure the loan collateral

Primary Functions And Essential Responsibilities

Monitor all monetary (debt service, property tax and insurance) and non-monetary (financials, business plans, budgets, event dates, loan covenants) requirements of loans and develop action plan (memos) for collection/compliance activity, if noncompliantCoordinate/Review application of Borrower payments and Full Payoff Requests with Servicing/Finance groupPrepare funding requests on loan draws (maintain records and compliance of all draws) / Funding Reserves / Vendor Payments. Manage all vendors including inspecting architectCreate Initial Loan Disbursements (and work with Title/Escrow) and review disbursement documentations for ClosingsReview Borrower Operating Statements– Normalize/Annualize and compare versus business planAid in portfolio modeling and valuations, with a focus on processes to ensure integrity of data and method used for key metricsMonitor financial covenants for loans and back-leverage instrumentsSupport Senior Asset Managers with preparation Modifications, Lease Approvals and Other Consents (work with Underwriting to complete)Maintain and update loan data and information in company sources of recordAssist with data collection and preparing monthly reporting on each loan as internally and externally required Help in the implementation of new Asset Management software Maintain all loan records following company policy Maintain compliance with Servicing & Participation Agreements and Asset Management Policies & Procedures

Experience Required

2 to 4 years of experience in loan closing administration or asset management of commercial real estate assetsExperience with a range of loan sizes and highly structured commercial real estate transactionsOutstanding MS Excel skillsExperience with Power BI or a comparable platform like Tableau/Qliksense, technical understanding of database structures a plusExperience with an Asset Management System (Built, RealPage, Fu3e, etc.)

General Requirements

Must be detail oriented and possess strong communication, organizational and interpersonal skillsStructuring or workout knowledge and experience will be a plus along with strong analytical abilities and negotiating skillsStrong understanding of real estate fundamentalsExceptional quantitative, analytical and modeling skills requiredExperience analyzing corporate credit concepts and financial statement analysisStrong research, writing and communication skillsAbility to analyze qualitative and quantitative information and translate into strategic deliverablesAbility to create high quality, creative and thoughtful presentations used for communicating and reporting to Senior ManagementAbility to multi-task in a team-oriented environment and work successfully under pressure while effectively managing time and workloadA desire to work within a diverse, collaborative, and driven professional and client facing environmentAbility to handle sensitive and confidential informationHigh ethical standards needed

Education

Bachelor’s Degree in Business, Finance, Accounting, or Real Estate with exceptional academic credentials preferred

Reporting Relationships

Head of US Due Diligence

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.

$110,000.00 - $135,000.00

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.

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.