Ares Management
Associate, Global Asset Servicing
Ares Management, Los Angeles, California, United States, 90079
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Associate, Global Asset Servicing
role at
Ares Management
Ares’ success over the last 20 years has been driven by our people and our culture. Our team is guided by core values: Collaborative, Responsible, Entrepreneurial, Self‑Aware, Trustworthy, and the purpose to be a catalyst for shared prosperity and a better future. We are committed to fostering a welcoming and inclusive work environment where high‑performance talent from diverse backgrounds, experiences, and perspectives can build careers within this growing industry.
Summary Ares is seeking an associate to join its Investment Operations team in New York or Los Angeles. This role will involve servicing loans within WSO and overseeing reconciliations related to all servicing activities, including corporate actions, capital calls, restructures, loan servicing events, and more. The ideal candidate will process and oversee daily activity for all asset types, coordinating with fund admins, banks, and other stakeholders to ensure that all processing is completed daily.
This position requires learning corporate actions and loan servicing, and managing activity within the Wall Street Office. Prior experience with bank debt and working with a global client base—including pensions, insurance companies, and institutional investors—is helpful, and preferred.
Ares, as an alternative asset manager, has an asset mix heavily concentrated in bank debt. The ideal candidate would have experience working with diverse lines of business for a global client base, including pensions, insurance, and institutional investors. The role requires a dynamic, adaptive, hands‑on professional to ensure best practices in a fast‑paced, rapidly growing environment.
Job Description As part of the Investment Operations team, you will be responsible for servicing loans within WSO, overseeing reconciliations for all servicing activities, coordinating with fund admins, banks, and other stakeholders, and ensuring processing accuracy and completeness.
Responsibilities
Assist in reviewing daily position reconciliations to ensure accurate loan balances are 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 identifying 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 in‑house processing in Loan Operations.
Prepare daily, weekly, monthly, and quarterly KPIs to track trends and workflow issues.
Maintain a high standard of quality controls.
Influence and participate in decisions on policies/procedures designed to ensure compliance with internal, legal, and regulatory policies, and to meet changing business requirements.
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 3‑6 years of experience in high‑quality, global capital markets or investment management firms with expertise in Investment Operations and Asset Servicing functions.
Experience in Investment Operations in middle‑office or back‑office functions is preferred.
Prior experience with an alternative asset manager is preferred; broader asset‑management experience is also 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 is 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, with 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 able 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 The anticipated base salary range for this position is $100,000 – $115,000. Total compensation may also include a discretionary performance‑based bonus. Note that the range takes into account a broad spectrum of qualifications, including years of relevant work experience, education, and other relevant qualifications specific to the role.
Benefits Ares offers robust U.S. core 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 for parking and transit.
Additional benefits include a world‑class medical advisory team, a mental health app with coaching, therapy, and psychiatry; a mindfulness and well‑being app; a financial wellness benefit with access to a financial advisor; new parent leave; reproductive and adoption assistance; emergency backup care; a matching gift program; an education sponsorship program; and more.
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.
Seniority Level Mid‑Senior level
Employment Type Full‑time
Job Function Other
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Associate, Global Asset Servicing
role at
Ares Management
Ares’ success over the last 20 years has been driven by our people and our culture. Our team is guided by core values: Collaborative, Responsible, Entrepreneurial, Self‑Aware, Trustworthy, and the purpose to be a catalyst for shared prosperity and a better future. We are committed to fostering a welcoming and inclusive work environment where high‑performance talent from diverse backgrounds, experiences, and perspectives can build careers within this growing industry.
Summary Ares is seeking an associate to join its Investment Operations team in New York or Los Angeles. This role will involve servicing loans within WSO and overseeing reconciliations related to all servicing activities, including corporate actions, capital calls, restructures, loan servicing events, and more. The ideal candidate will process and oversee daily activity for all asset types, coordinating with fund admins, banks, and other stakeholders to ensure that all processing is completed daily.
This position requires learning corporate actions and loan servicing, and managing activity within the Wall Street Office. Prior experience with bank debt and working with a global client base—including pensions, insurance companies, and institutional investors—is helpful, and preferred.
Ares, as an alternative asset manager, has an asset mix heavily concentrated in bank debt. The ideal candidate would have experience working with diverse lines of business for a global client base, including pensions, insurance, and institutional investors. The role requires a dynamic, adaptive, hands‑on professional to ensure best practices in a fast‑paced, rapidly growing environment.
Job Description As part of the Investment Operations team, you will be responsible for servicing loans within WSO, overseeing reconciliations for all servicing activities, coordinating with fund admins, banks, and other stakeholders, and ensuring processing accuracy and completeness.
Responsibilities
Assist in reviewing daily position reconciliations to ensure accurate loan balances are 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 identifying 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 in‑house processing in Loan Operations.
Prepare daily, weekly, monthly, and quarterly KPIs to track trends and workflow issues.
Maintain a high standard of quality controls.
Influence and participate in decisions on policies/procedures designed to ensure compliance with internal, legal, and regulatory policies, and to meet changing business requirements.
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 3‑6 years of experience in high‑quality, global capital markets or investment management firms with expertise in Investment Operations and Asset Servicing functions.
Experience in Investment Operations in middle‑office or back‑office functions is preferred.
Prior experience with an alternative asset manager is preferred; broader asset‑management experience is also 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 is 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, with 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 able 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 The anticipated base salary range for this position is $100,000 – $115,000. Total compensation may also include a discretionary performance‑based bonus. Note that the range takes into account a broad spectrum of qualifications, including years of relevant work experience, education, and other relevant qualifications specific to the role.
Benefits Ares offers robust U.S. core 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 for parking and transit.
Additional benefits include a world‑class medical advisory team, a mental health app with coaching, therapy, and psychiatry; a mindfulness and well‑being app; a financial wellness benefit with access to a financial advisor; new parent leave; reproductive and adoption assistance; emergency backup care; a matching gift program; an education sponsorship program; and more.
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.
Seniority Level Mid‑Senior level
Employment Type Full‑time
Job Function Other
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