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 Alternative Credit (“Alt Credit”) is seeking a full-time seasoned professional to join our dynamic and growing quantitative analytics team to focus on cash flow and analytics projections for various structured securities for insurance clients.  The individual (and his/her team) is expected to lead the design and implementation of any necessary model development, as well as the ongoing business support for all analytics requirements from the Ares Insurance Solutions (AIS) team.

Ares is a leading participant in the global alternative credit markets with approximately $25.9 billion of assets under management (“AUM”) invested across multiple, actively-managed funds as of March 31, 2023. Of this AUM, the Alt Credit Team manages over $10 billion of dedicated capital on behalf of insurers including Aspida, our indirect insurance subsidiary. The Alt Credit Team today comprises over 60 investment professionals located primarily in three Ares offices: New York City, Atlanta and London.

Ares’ Alt Credit platform employs strategies that are asset-focused, making investments backed by assets and contractual cash flows such as loans, leases and receivables. Alt Credit fills gaps in the capital markets between credit, private equity and real estate, investing across a spectrum of liquid and illiquid opportunities that include various specialty finance sectors, net leases, structured products, cash flow streams (e.g., royalties, licensing, management fees), and other asset types. Alt Credit has a broad range of sub-strategies designed to be client-focused and solutions-based with three main formats: pure play, customized and flagship funds.

AIS is an in-house team that provides asset management, capital solutions and corporate development services to Ares Management’s strategic initiatives in insurance, including Ares’ subsidiary life and annuity platform, Aspida. AIS comprises over 20 investment and reinsurance professionals located primarily in four Ares offices: New York City, Los Angeles, Durham (NC) and Charlotte (NC), and currently manages a multi-asset portfolio of over $10bn in AUM as of July 31, 2023.  Aspida comprises of over 100 non-investment insurance professionals between its two offices in Durham (NC) and Bermuda.

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.

Primary functions & responsibilities

• Design and implement highly scalable models, that works within a cloud environment, to automate projections of cash flows and analytics from Intex, wherever possible, for various structured assets such as private ABS, CLO, CMBS, RMBS, CML, RML, etc., under various regulatory and AIS / Aspida inhouse deterministic and stochastic stress scenarios
• Design and implement scalable proxy mathematical models for the projections of cash flows and analytics for structured securities not directly modelled in Intex, under various regulatory and AIS / Aspida inhouse deterministic and stochastic stress scenarios
• Collaborate with other quantitative teams and IT business partners within Ares to ensure that any Alt Credit data enhancement and model development efforts are compatible with the broader Ares iQ initiative (Ares’ cloud based security level multi-asset analytics platform for scenario-based ALM, capital management, and financial projections), and contribute to its design, implementation, and validation as required
• Liaise with portfolio managers and subject matter experts from Alt Credit team to ensure all material credit, liquidity, and prepayment considerations for each structured asset class are accurately captured in the model design and its implementation
• Ensure regular cash flows and analytics provided to AIS / Aspida from the models for the purposes of financial reporting,