Associate, Investment Operations

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

Associate Vice President, Investment Operations