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
Primary Responsibilities
- Manage end-to-end settlement of syndicated bank loan trades under LSTA market standards.
- Execute and oversee LSTA loan settlements, closings, and assignment processing through ClearPar and manual settlement processes.
- Coordinate and manage LMA trade closings, transfer certificates, and settlement documentation.
- Perform delayed compensation and Cost of Carry (CoC) calculations accurately and within market timelines.
- Settle participation trades, par trades, distressed trades, and cross trades.
- Review funding memos, trade confirms, settlement notices, and payout letters to ensure settlement accuracy.
- Liaise with agent banks, custodians, fund administrators, counterparties, and internal teams to resolve settlement exceptions.
- Investigate and resolve cash and position reconciliation breaks on a timely basis.
- Perform daily cash reconciliation and position reconciliation across internal systems and third-party records.
- Ensure accurate booking of settlements, fees, delayed compensation, and trade-related adjustments.
- Handle custody, administrator, and agent bank queries relating to settlements and trade lifecycle events.
- Support warehouse closings, portfolio redemptions, restructurings, and corporate action events.
- Monitor settlement aging and proactively drive trades to closure.
- Prepare and review MIS, KPI, and management reports.
- Participate in process improvement and automation initiatives.
- Support audits, regulatory reviews, and control testing activities.
- Provide guidance and oversight to junior team members and contribute to team development.
Mandatory Experience
- 10-15 years of experience in Investment Operations, Bank Loan Operations, or Loan Settlements.
- Strong hands-on experience in LSTA loan settlements and trade closings.
- Experience working on LMA loan settlements and closing processes.
- Strong knowledge of Delayed Compensation and Cost of Carry (CoC) calculations.
- Experience settling participation trades and cross trades.
- Extensive experience in cash reconciliation and position reconciliation.
- Proven experience handling settlement exceptions and break resolution.
- Strong understanding of syndicated loan products and settlement lifecycle.
- Experience interacting with agent banks, custodians, administrators, and counterparties.
- Experience using ClearPar for loan trade settlement processing.
Required Systems Knowledge
Hands-on experience with one of the below:
- ClearPar
- WSO Admin
- Geneva
- Loan IQ
Preferred Qualifications
- Bachelor's Degree in Finance, Commerce, Accounting, Economics, or related discipline.
- Knowledge of loan restructurings and corporate actions.
- Experience in warehouse closings and portfolio redemption settlements.
- Exposure to non-loan products such as Fixed Income, Bonds, or FX.
- Experience working with offshore or outsourced operating models.
- Knowledge of Power BI, Python, VBA, or other automation tools.
- Prior people management or team lead experience.
Key Competencies
- Loan Settlement Expertise (LSTA/LMA)
- Delayed Compensation & CoC Calculations
- Cash & Position Reconciliation
- Break Investigation & Resolution
- Stakeholder Management
- Team Leadership & Mentoring
Reporting Relationships
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.