Associate, Investment Operations (Reconciliations)

Ares Management

Mumbai, India
2 weeks ago

Summary: The Associate 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 4 – 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

Reporting Relationships

Associate Vice President, Investment Operations

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