

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