Associate, Investment Operations

5 months ago

Mumbai Maharashtra, India Ares Management Full time

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**:
Summary: The Associate is responsible for the responsible to work on Cash and PAR Reconciliation for Bank loan Product.

Location: Sakinaka, Andheri East

Shift time: 6 PM to 3 AM IST

Primary responsibilities:

- Proactively research, resolve and prevent all cash and par breaks with custodian banks and third 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 third-party administrators
- Sound knowledge for Loan life cycle events 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.

Education/Certification: Bachelor’s Degree from an accredited university in Finance or related discipline

Required Knowledge:

- Strong fixed 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 Required:

- 4 to 6 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

Skills/Abilities:

- Extremely detailed oriented with a proven track record for accuracy
- A self 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 multi-task and work in a fast fast-paced environment
- Demonstrates initiative and a willingness increasing own knowledge and assuming additional responsibility.
- Critical thinker who can act with mínimal supervision but seeks advice appropriately.
- Strong analytical and problem problem-solving skills

Reporting Relationships

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