Ares Management
Analyst, Global Asset Servicing
Ares Management, Los Angeles, California, United States, 90079
Ares Global Asset Servicing & Reconciliation
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.
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
The firm also offers robust benefits including comprehensive medical / Rx, dental and vision plans; 401(k) program with company match; flexible savings accounts (FSA); healthcare savings accounts (HSA) with company contribution; basic and voluntary life insurance; long-term disability (LTD) and short-term disability (STD) insurance; employee assistance program (EAP); and commuter benefits plan for parking and transit.
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.
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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.
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
The firm also offers robust benefits including comprehensive medical / Rx, dental and vision plans; 401(k) program with company match; flexible savings accounts (FSA); healthcare savings accounts (HSA) with company contribution; basic and voluntary life insurance; long-term disability (LTD) and short-term disability (STD) insurance; employee assistance program (EAP); and commuter benefits plan for parking and transit.
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.
#J-18808-Ljbffr