About this role
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.