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 DescriptionSummary: The Senior Associate is responsible for the responsible to work on Cash and PAR Reconciliation for Bank loan Products.Primary responsibilities:Proactively research, resolve and prevent all cash and par breaks with custodian banks and third party administratorsDirect fund administrators and custodian banks on appropriate processing and review/reconcile processing output for accuracyReporting Cash & PAR breaks with custodian banks and third party administratorsSound knowledge for Loan life cycle events Rollover, Paydown , Borrowing, PIK etcKnowledge on loan restructure and corporate action eventsWork with all internal and external stakeholders to improve and enhance settlement workflowsPrepare daily, weekly, monthly and quarterly KPIs reporting and Powerbi system knowledge is a strong plus.Review daily recons between internal systems and third parties and resolve discrepancies, including MLR discrepanciesInfluencing and participating in decisions on policies/procedures designed to ensure compliance with internal, legal and regulatory policies and ensure changing business requirements are metContribute ideas and recommendations to improve process efficiencies and increase risk mitigationParticipate in meetings representing recon and participate in department initiatives such as system enhancements, off hours testing and new business conversions as necessary.Required knowledge:Strong fixed income product knowledge, particularly bank loansStrong understanding of the bank loan industry and standardsUnderstanding of custodian bank/administrator’s and agent’s dataHighly proficient in Microsoft ExcelProficient in Microsoft Outlook, Word , ClearPar, Wall Street Office and GenevaExperience / Education :Graduate with 7 to 10 years of investment management operations experience with high emphasis on bank loan operations/ SettlementExperience working with an outsource/offshore service providerExperience working with custodian and agent banksReporting RelationshipsThere 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.
