Senior Associate, Loan Servicing

Ares Wealth Management Solutions View all jobs

Mumbai, Maharashtra
Permanent
Full-time

10 days ago

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 DescriptionPRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES

Coordinate and review the processing of all daily loan servicing events, including daily borrowing request
Process loan restructure and corporate action events
Direct fund administrators and custodian banks on appropriate processing and review/reconcile processing output for accuracy
Proactively research, resolve and prevent all loan servicing and corporate action cash and par breaks with custodian banks and third-party administrators
Handle loan servicing related audit request
Process all bank loan activity in WSO
Work with all internal and external stakeholders to improve and enhance asset servicing workflows
Prepare daily, weekly, monthly and quarterly KPIs
Review daily recons between internal systems and third parties and resolve discrepancies, including MLR discrepancies
Manage loan subscription process in WSO
Review and reconcile loan related fee bookings
Maintain high standard of quality controls
Reconcile and resolve contract and facility level loan positions between WSO, Geneva and Third-Party Administrators
Influencing and participating in decisions on policies/procedures designed to ensure compliance with internal, legal and regulatory policies and ensure changing business requirements are met.
Contribute ideas and recommendations to improve process efficiencies and increase risk mitigation
Participate in meetings representing recon and participate in department initiatives such as system enhancements, off hours testing and new business conversions as necessary

Education/Certification:

Bachelor’s Degree from an accredited university in Finance or related discipline

Required Knowledge:

Strong fixed-income product knowledge, particularly bank loans
Strong understanding of the bank loan industry and standards
Understanding of custodian bank/administrator’s and agent’s data
Strong knowledge of fixed income assets
Highly proficient in Microsoft Excel
Proficient in Microsoft Outlook, Word, Wall Street Office and Geneva

Experience Required:

Minimum 6 years of investment management operations experience with high emphasis on bank loan operations
Experience working with an outsource/offshore service provider
Experience working with custodian and agent banks

Skills/Abilities:

Extremely detailed oriented with a proven track record for accuracy
A self-starter with excellent verbal and written communication skills
Strong organization and time management skills
Strong control focus and ability to challenge streamline processes
Team-oriented work ethic that includes willingness to help others
Ability to multi-task and work in a fast-paced environment
Demonstrates initiative and a willingness increasing own knowledge and assuming additional responsibility.
Critical thinker who can act with minimal supervision but seeks advice appropriately.
Strong analytical and problem-solving skills

Reporting Relationships Associate Vice President, Global Asset ServicingThere 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.

Ares Wealth Management Solutions

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