Senior Associate, Global Reconciliations

Job Title

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.

Primary Functions And Essential Responsibilities :

Specific responsibilities include, but are not limited to :

• 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
• Assist in preparing daily, weekly, monthly, and quarterly KPIs to track trends and workflow issues
• Maintain high standard of quality controls
• Reconcile and resolve contract and facility level loan positions between WSO, Geneva and Third-Party Administrators
• 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.
• 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 recon team and participate in department initiatives such as system enhancements, off hours testing and new business conversions as necessary

Qualifications : Education :

Experience Required :

General Requirements :

Reporting Relationships

Principal, Global Asset Servicing & Reconciliation

Compensation

$120,000 - $140,000

The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include 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.

Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much 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.