Associate, Credit Secondaries, Portfolio Management

Ares Management is seeking an Associate to join its Portfolio Management Team (PMT) supporting the firm's Credit Secondaries platform. The PMT is a specialized, strategically focused team responsible for portfolio-level risk oversight, performance analysis, and the development of portfolio construction and fund management frameworks across Ares' global secondaries business.

The team partners closely with investment professionals, senior leadership, Investor Relations, and Product Management, and engages regularly with limited partners and other external stakeholders. The role offers meaningful responsibility, broad exposure across the investment lifecycle, and direct interaction with senior decision-makers. The Associate will report to the Head of Portfolio Management and be based in New York.

Key Responsibilities:

Portfolio Management & Risk Oversight:

- Oversee ongoing portfolio monitoring for secondaries investments across asset classes including Private Equity, Credit, Infrastructure, and Real Estate, covering performance tracking, cash flow analysis, valuation review, and risk assessment throughout the investment lifecycle

- Analyze portfolio exposures, concentration risks, pacing, and return attribution, synthesizing insights and escalating key themes to senior leadership

- Develop and maintain transaction-level and portfolio-level financial models to evaluate prospective investments and assess portfolio construction implications

- Partner with investment teams to articulate the Portfolio Management perspective during investment committee discussions and transaction reviews

- Reforecast existing investments on a semi-annual basis, evaluating changes in underlying performance and implications for forward-looking strategy

Strategy & Portfolio Construction:

- Assist in the design and maintenance of strategy-level portfolio models informing investment policy decisions, including asset allocation, risk parameters, deployment pacing, financing tools, and liquidity considerations

- Support quarterly portfolio and strategy discussions with key stakeholders including investment committee members and senior investment leadership

- Apply portfolio insights to support product development and capital formation initiatives