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    Analyst/ Associate, Insurance Portfolio Management - New York, United States - Ares Management Corporation

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    Full time
    Description
    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 seeking a full-time Associate to join our dynamic and growing Insurance Solutions team. The Associate will provide day to day operations and analytics support across all aspects of our business and work closely with senior members of Ares Insurance Solutions ("AIS") on a variety of activities. 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' new life and annuity platform, Aspida Financial. The new Associate will work collaboratively with AIS leadership, investment teams inside and outside Ares, corporate strategy, and other stakeholders to support the growth of the insurance business.

    Candidate Profile:
    The Associate will provide support for the day-to-day activities for senior members of Ares Insurance Solutions. Key responsibilities include, but not limited to:
    Monitor and analyze investment portfolios to develop an understanding of positioning and how the team can enhance portfolios to support the objectives of Aspida.

    Primary functions and essential responsibilities:
    • Prepare and maintain investment dashboards and reports, e.g. actual vs planned cash deployment, actual vs planned investment returns, standard portfolio and risk analytics, etc.
    • Help with the evaluation, due diligence and onboarding of new managers and new asset strategies
    • Partner with Aspida for the onboarding of new clients/entities as well as implementing the set-up of new investment strategies
    • Assist with client relationships for Aspida entities specific to investment portfolio
    • Support development of investment guidelines for new entities for implementation with managers
    • Collaborate with Ares / Aspida Accounting and Operation functions to ensure investment data integrity
    • Prepare investment committee memos, board presentations, regulator and / or rating agency materials
    • Provide ad-hoc analytical and reporting support as needed by the AIS Team
    Qualifications:
    • Minimum of 2+ years of asset management, investment consulting, investment banking, or other financial services experience with solid quantitative, financial, and analytical skills
    • Familiarity with insurance concepts helpful
    • Knowledge of core (insurance) asset classes and fundamental investment framework / analytics
    • Accuracy and attention to detail is essential with strong analytical acumen
    • Experience in working with investment data
    • Private equity caliber drive and self-motivation; ability to work effectively in a collegial, fast moving, demanding, and dynamic environment
    • Creative problem solver, with intellectual curiosity, positive attitude, and hands on attitude
    • Strong interpersonal and communication abilities; team player
    • Advanced Excel skills and experience in model building / validation
    • Ability to think and act as a business owner
    • Working knowledge of Bloomberg and Clearwater a plus
    • Bachelor's Degree required, preferably in Actuarial Science, Business, Economics, Finance, Business Management, or Mathematics. Professional designations such as CFA, CPA, FRM, CAIA, etc. or an accredited actuarial qualification would be viewed favorably, but not essential
    Reporting Relationships

    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.

    $85,000 - $125,000

    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.

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