Analyst – Global Asset Servicing

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

Responsibilities

• Assist in reviewing daily position reconciliations to ensure accurate loan balances are being reflected in all systems.
• 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.
• Review legacy standard operating procedures and update where necessary to reflect current-day steps and systems.
• Work with internal teams on vendor processes identified for more efficient processing in-house for Loan Operations.
• Prepare daily, weekly, monthly, and quarterly KPIs to track trends and workflow issues.
• Maintain high standard of quality controls.
• Influence and participate 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 Loan Operations and Recon teams and participate in department initiatives such as system enhancements, off hours testing and new business conversions as necessary.

Qualifications:

• Bachelor’s degree in Finance or other business related discipline
• Minimum of 0-3 years of experience in high quality, global capital markets or investment management firms with expertise in Investment Operations and Asset Servicing related functions.
• Experience in Investment Operations in any of middle office or back-office functions is preferred.
• Prior experience with an alternative asset manager preferred broader asset management experience preferred.
• Ability to learn loan servicing process in Wall Street Office and Black Mountain (Allvue), Everest, Geneva, and/or IVP data management platforms.
• Understanding of basis accounting theories.
• Loan Operations and corporate actions experience in private/middle market loans ideal
• Ability to learn new concepts quickly
• Extract meaningful information from extensive research and analysis to effectively present facts and findings in a digestible format, a keen eye for attention to detail
• A self-directed individual with a can-do attitude, willing to work in an energetic, collaborative, and fast-paced environment, proactive in nature, and a proven ability to resolve issues with minimal supervision
• Outstanding communication (written and verbal), presentation, documentation, collaboration, and interpersonal skills
• A hands-on approach and ability to synthesize business operations and talent needs
• Ability to successfully manage multiple priorities and competing demands
• High accuracy and detail orientation
• Good judgment in terms of escalating issues vs. solving problems independently
• A solutions and automation oriented individual, self-starter and ability to see the big picture
• Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment
• Ability to be flexible in terms of hours to coordinate with team members across various time zones
• An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes
• Dependable, great attitude, highly motivated and a team player

Reporting Relationships

Principal, Global Asset Servicing & Reconciliation

Compensation

$80,000 - $90,000

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.