Associate Vice President, Treasury - Los Angeles, United States - Ares Management

Ares Management
Ares Management
Verified Company
Los Angeles, United States

3 weeks ago

Mark Lane

Posted by:

Mark Lane

beBee recruiter
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.

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Job Description:

Ares is a fast-paced, high growth and rapidly changing environment.

To succeed, the individual will need a flexible and consultative skill set, including the ability to think strategically, execute tactically, and collaborate across multiple business lines, and other internal/external teams, levels, and situations.


Specific responsibilities include, but are not limited to:

  • Bank Account Management_
  • Sourcing and opening bank accounts, including all required currency accounts, and managing sweep options on excess cash. This will include setting up and maintaining all bank accounts throughout the firm.
  • Sourcing new banking relationships and vetting them with both internal and external stakeholders
  • Cash Operations and Wires_
  • Support activities for overnight monitoring of inputs to the cash management function (investment pipeline, currency balances, unsettled trading activity, etc.).
  • Track noninvestment related cash movements (contributions/withdrawals, fees, etc.).
  • Ensure all cash transactions were accurately recorded; work with banks to resolve and clear all cash account exceptions as needed.
  • Monitor inbound/outbound data feeds between Treasury Management System (TMS) and various systems.
  • Support system integrations between Treasury system and other internal and external systems.
  • Help investigate cash breaks between our Ares and the banks.
  • Sourcing settled and traded cash balances and transactions to provide central visibility and oversight and data integrity.
  • All cash and wire movements are centralized for processing, tracking and audit purposes, including collateral management, delayed draw funding's, deal closing, and expense payments.
  • Portfolio level credit facility data maintenance, servicing and all associated cashflow management, and reconciliations, including all systematized borrowing base modeling, testing, calculation, and maintenance.
  • Liquidity Forecasting and Stakeholder Management_
  • Prepare liquidity forecasts for Accounting and Financial Planning and Analysis Teams by managing all inputs and reconciliations (starting cash balances, asset borrowings and repayments, capital activity, upcoming deployment pipeline and trade settlements)
  • Standardize liquidity reporting to both internal and external stakeholders.
  • Answer inquiries regarding cash availability and liquidity needs.

Qualifications:


Education:


  • Bachelor's degree in Finance or other business related discipline

Experience Required:

  • Minimum of 7 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 Loan preferred.
  • Strong knowledge of liquidity forecasting and cash modeling
  • Experience with Hazeltree, Everest, Wall Street Office, Geneva, and/or IVP data management platforms preferred.
  • 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, CLOs, and complex fund structures.
  • Intermediatelevel technical skills a bonus (VBA, SQL, Excel, Power BI, etc.)
  • Understanding of basic accounting theories
  • Knowledge of complex fund structures a plus
  • Corporate Finance and Alternative Investment Knowledge preferred.
  • Experience working with financial intermediaries like investment banks, leverage providers, broker/dealers and Prime Brokers preferred.

General Requirements:

  • Ability to successfully manage multiple complexes, time sensitive priorities and competing demands with multiple stakeholders by leveraging a handson approach.
  • Strong time management and prioritization skills; ability to work under tight deadlines in a fastpaced environment.
  • Strong attention to detail, highly organized and processdriven; high accuracy
  • Ability to extract meaningful information from extensive research and analysis to effectively present facts and findings in a digestible format.
  • A selfdirected individual with a cando attitude, willing to work in an energetic, collaborative, and fastpaced environment, proactive in nature, and a proven ability to resolve issues with mínimal supervision.
  • Proven outstanding communication (written and verbal), presentation, documentation, and interpersonal skills.
  • A handson approach
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