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 – TEAM-ORIENTED,
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 recent business
conversions