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 workplace where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.
Job Description
The Associate Vice President 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 a