Associate / Senior Associate, Ares Insurance Solutions

Associate Position

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.

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 :

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 / Aspida Re.
• Updating and managing asset / market grid templates to support asset allocation decision making.
• Performing portfolio optimization to support asset allocation process, using existing AIS models.
• Work closely with AIS CIO / PMs to provide front-office support on topics such as security analytics, asset allocation, and ALM.
• Develop Fixed Income pricing models as part of the AIS in-house quantitative library buildout for the purposes for producing security level analytics under different deterministic and stochastic scenarios.
• Model and recommend hedging strategies for rates, spreads and currencies to protect NII and minimize P&L volatility.
• Support production of risk and compliance reports.
• Collaborating with Ares asset managers and Operations teams to source and aggregate security level analytics, including cash flows, duration, spread, etc.
• Supporting the validating and reviewing models, built within AIS and / or sent to AIS by other parts of Ares / Aspida businesses.
• Preparing investment committee memos, board presentations, regulator and / or rating agency materials.
• Providing ad-hoc analytical and reporting support as needed by the AIS Team.

Qualifications : Education :

Experience / Skills Required :

Flexibility to work US east coast / Europe time zone

Reporting Relationships : Lead, Portfolio, Data, & Investment Analytics

Compensation : $145,000 - $175,000

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.