Associate, Global Asset Servicing

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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.

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.

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.

• 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.

• 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.
• Unders…