Senior Associate

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

About Ares Wealth Management Solutions (AWMS)

Ares Wealth Management Solutions (AWMS) oversees the product development, distribution, marketing, and client management activities of investment offerings for the global wealth management channel. With a team of more than 90 professionals and backed by the power and scale of the Ares platform, AWMS represents one of the most resourced wealth distribution and client service teams in the alternatives industry. AWMS’ mission is to provide advisors and their clients access to innovative, solutions-oriented investment opportunities, across the Ares platform of industry leading credit, private equity, real estate, and secondaries strategies. Through our range of institutional and retail structures, coupled with excellent client service and educational resources, we help investors diversify their portfolios with private market solutions that can deliver consistent, long-term growth.

Position Summary

This position is responsible for closing Ares Real Estate Exchange (AREX) 1031 exchange investor purchases and current investors going through the 721-exchange/UPREIT process. Role will include entity document review (trust agreements, operating agreements, etc.), closing package and loan document preparation, account transfers and redemptions, as well as other transactional aspects of Ares Real Estate Exchange program (AREX).  AREX is part of Ares Wealth Management Solutions, offering a unique investment solution through financial advisors to accredited investors seeking institutional quality replacement property for a 1031 tax-deferred real estate exchange.  

Essential Job Duties

• Close new purchases into the Ares Real Estate Exchange program and other post-closing investor transactions, including UPREITs, account transfers and redemptions

• Communicate and collaborate with financial advisors, investors, qualified intermediaries, and internal business team members to ensure a highly professional, efficient, well-executed and accurate closing process

• Use internal systems to track and manage transactions, important dates, and deadlines throughout the closing process for investments and UPREIT transactions

• Perform and summarize background and AML checks on prospective investors

• Work with the Client Services Team on AREX investor account maintenance requests

• Coordinate with the loan underwriting team on closings involving debt

• Collaborate with the team of product sales specialists on issues effecting closings and customer relations

Required Knowledge, Skills and Abilities

• A bachelor’s degree or equivalent experience required

• A minimum of three years’ experience in one or more of the following professional areas:

  • Transaction coordinator or closer with a 1031 exchange qualified intermediary

  • Commercial real estate and/or loan closings with a title company, escrow company, bank, mortgage, or real estate company

  • Trust company, private bank, family office or investment bank experience

  • Financial services firm working with high-net-worth clients

• Experience with 1031 exchanges, trust, LLC, partnership, and corporate entity documentation is preferred

• Working knowledge of real estate transactions, closing statements and related documentation

• Excellent attention to detail and organization and time management skills

• Professional verbal and written communication skills  

• Ability to learn quickly and comply with company policies, procedures, operations, and industry practices

• Ability to work well independently and with a team

Reporting Relationships

Compensation

$85,000 - $100,000

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.