Vice President, Global Reconciliations

Vice President, Global Reconciliations page is loaded## Vice President, Global Reconciliations locations:
Los Angeles, CA - Culver Citytime type:
Full time posted on:
Posted Todayjob requisition :
R7013###
* 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.
*** Job Description
**** RESPONSIBILITIES:
** Specific responsibilities include, but are not limited to:
* Proactively oversee the cash and par reconciliation team process, providing oversight and guidance and act as first level of escalation for all recon related issues
* Assist with the daily management and oversight 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 solutioning for process related trends and review/reconcile processing output for accuracy while looking for root cause issues
* Prepare daily, weekly, monthly, and quarterly KPIs to track trends and workflow issues
* Maintain high standard of quality controls and oversight of the recon process to ensure breaks are escalated and resolved timely
* 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
* Oversee all audit related inquiries and submissions on behalf of the recon team. Work with internal audit, audit consultants, and external audit on SOC 1 controls and testing
* 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
* Manage relationships with custodian banks, agent banks, and admins
*
* QUALIFICATIONS:

*
* Education:

* Bachelor’s degree in Finance or other business-related discipline

Experience

Required:

* Minimum 10-12 years of investment management operations experience with high emphasis on reconciliation and relevant asset knowledge
* Management firms with expertise in Investment Operations and Reconciliation related functions
* Strong knowledge of various asset classes, primarily focused in the area of credit/fixed income, derivatives, and FX with an emphasis on bank debt and high yield/alt credit
* Strong understanding of the loan industry and standards
* Familiarity with standard activities carried out by financial intermediaries such as investment banks, broker/dealers, Prime Brokers, etc.
* Proficient in Microsoft Outlook, Word, Wall Street Office and Geneva
* Experience preferred with Power

BI, Python, and other similar technology
* Direct experience partnering with the business units to ensure operational efficiency and collaborative outcomes
* Experience working with an outsource/offshore service provider
* Experience working with custodian and agent banks
* Understanding of basic accounting theories
* Hedge fund, Credit or Private Equity experience is a plus General Requirements:
* Extremely detailed oriented with a proven track record for accuracy
* Ability and desire to work in a fast pace and dynamic environment often requiring fast solutions to complex problems
* Display outstanding written and verbal communication and interpersonal skills.
* A self-starter with excellent verbal and written communication skills
* Strong control focus and ability to challenge streamline processes
* Problem-solving mindset, willing to roll up the sleeves
* Well organized, high attention to detail –…