Associate Vice President, Global Reconciliation

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

The Associate Vice President 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 administrators

Direct fund administrators and custodian banks on appropriate processing and review/reconcile processing output for accuracy

Reporting Cash & PAR breaks with custodian banks and third party administrators

Sound knowledge for Loan life cycle events Rollover, Paydown , Borrowing, PIK etc

Knowledge on loan restructure and corporate action events

Work with all internal and external stakeholders to improve and enhance settlement workflows

Prepare 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 discrepancies

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.

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

Highly proficient in Microsoft Excel

Proficient in Microsoft Outlook, Word , ClearPar, Wall Street Office and Geneva

Experience / Education :

Graduate with 11 - 14 years of investment management operations experience with high emphasis on bank loan operations/ Settlement

Experience working with an outsource/offshore service provider

Experience working with custodian and agent banks

Reporting Relationships

Associate Vice President, Global Reconciliation

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.