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Sr. Associate – Investment Operations – Insurance Solutions
| Company | Ares Management |
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| Location | New York, NY, USA |
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| Salary | $130000 – $150000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Senior |
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Requirements
- Bachelor’s degree in Finance or other business related discipline
- 4+ years of experience in high quality, global capital markets or investment management firms
- Strong knowledge of various asset classes, primarily focused in alternative credit & fixed income with an emphasis on bank debt/loans and high yield/alt credit
- Ability to extract meaningful information from extensive research and analysis to effectively present facts and findings in a digestible format, a keen eye for attention to detail
- Proven outstanding communication (written and verbal), presentation, documentation, and interpersonal skills
- Ability to successfully manage multiple priorities and competing demands
- High accuracy and detail orientation
- Good judgment in terms of escalating issues vs. solving problems independently
- Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment
- Dependable, great attitude, highly motivated and a team player
Responsibilities
- Coordinate with Ares’ Operations teams, AIS Portfolio Management and Risk Management, and Aspida’s Accounting and Operations teams to ensure all security masters, positions and cash are reconciled daily.
- Ensure integrity and smooth operation of the data process to support the AIS business: including daily reconciliations for trades/holdings, identifying and fixing breaks or missing data (transactions, holdings, security master attributes, analytics).
- Liaise with investment operations and partner with portfolio management and other AIS team members to support AIS data needs for day-to-day portfolio management and risk management needs.
- Support LP investments and subscription document process.
- Manage ad-hoc requests from Aspida and Aspida’s reinsurance clients for data and investment documents to support investments, operations, and accounting needs (PPMs, private ratings, private ratings letter).
- Build strong relationships with portfolio managers and members of other operational teams across Ares and outside managers as needed to act as a key point of contact for investment operations.
- Proactively identifying areas that would benefit from additional process / procedure / discipline to enhance current organization and build to ensure scalability.
- Help with the onboarding, account set up and other investment operational needs to support new clients and asset types.
- Escalating critical data issues to ensure all client and management reporting is accurate.
Preferred Qualifications
- MBA, CFA and/or CPA preferred but not required
- Experience in insurance investment accounting processes and procedures including GAAP/STAT preferred
- Experience in Investment Operations in any of middle office, back office, treasury functionals preferred
- Prior experience with an alternative asset manager preferred broader asset management experience required
- Experience with Black Mountain (Allvue), Clearwater or other insurance investment accounting software, Everest, Geneva, and/or IVP data management platforms a plus
- Experience with Clearwater (Insurance accounting system) a plus
- Experience with transferring securities between accounts a plus
