Senior Associate, Investment Operations - Reconciliations

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

PRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES

Specific responsibilities include, but are not limited to:

• Proactively research, resolve and prevent all cash and par breaks with custodian banks and third-party administrators
• Assist with the daily management and operation of the reconciliation process including cash, par and non-custody reconciliations with both custodian bank and paying agents across all funds
• Direct fund administrators and custodian banks on appropriate processing and review/reconcile processing output for accuracy while looking for root cause issues
• Assist in preparing daily, weekly, monthly, and quarterly KPIs to track trends and workflow issues
• 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.
• Work with all internal and external stakeholders to improve and enhance recon team workflows
• Contribute ideas and recommendations to improve process efficiencies and increase risk mitigation
• Participate in meetings representing the recon team and participate in department initiatives such as system enhancements, off hours testing and new business conversions as necessary

QUALIFICATIONS:

Education:

• Bachelor’s degree in Finance or other business-related discipline

Experience Required:  

• Minimum 5-7 years of investment management operations experience with high emphasis on bank loan operations and reconciliation
• Management firms with expertise in Investment Operations and Reconciliation related functions
• Strong knowledge of various asset classes, primarily focused in the area of credit/fixed income, derivatives, and FX with an emphasis on bank debt and high yield/alt credit
• Strong understanding of the bank loan industry and standards
• Familiarity with standard activities carried out by financial intermediaries such as investment banks, broker/dealers, Prime Brokers, etc.
• Proficient in Microsoft Outlook, Word, Wall Street Office and Geneva, as well as PowerBI and Python
• Direct experience partnering with the business units to ensure operational efficiency and collaborative outcomes
• Experience working with an outsource/offshore service provider
• Experience working with custodian and agent banks
• Understanding of basic accounting theories
• Hedge fund, Credit or Private Equity experience is a plus

General Requirements:

• Extremely detailed oriented with a proven track record for accuracy
• Ability and desire to work in a fast pace and dynamic environment often requiring fast solutions to complex problems
• Display outstanding written and verbal communication and interpersonal skills.
• A self-starter with excellent verbal and written communication skills
• Strong control focus and ability to challenge streamline processes
• Problem-solving mindset, willing to roll up the sleeves
• Well organized, high attention to detail – role directly informs investment decisions
• Ability to follow up and see issues to final resolution
• Forward and proactive thinking and ability to find ways to prevent both cash and par breaks
• Strong control focus and ability to challenge streamline processes Ability/Willingness to continuously develop and maintain “next-level” understanding of Ares business philosophy and activities

Reporting Relationships

Compensation

$130,000 - $150,000

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.