Ares is seeking a Senior Associate to join its Investment Operations team in Los Angeles. The role will involve servicing loans within WSO and helping to oversee reconciliations in relation to all servicing activities, including corporate actions, capital calls, restructures, loan servicing events, etc.
Requirements
- 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.
- 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.
Benefits
- 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)
- Commuter Benefits plan for parking and transit
