Vice President, Investment Operations - Global Reconciliations

Vice President, Global Reconciliations page is loaded## Vice President, Global Reconciliationslocations: Chicago, ILtime type: Full timeposted on: Posted Yesterdayjob requisition id: 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 disciplineExperience 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 PowerBI, 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 plusGeneral 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 – role directly informs investment decisions* Ability to follow up and see issues to final resolution* Forward and proactive thinking and ability to find ways to prevent both cash and par breaks* Strong control focus and ability to challenge streamline processes Ability/Willingness to continuously develop and maintain “next-level” understanding of Ares business philosophy and activities**Reporting Relationships**Partner, Investment Operations**Compensation**The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.$170,000 - $190,000The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.*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.*Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2025, Ares Management's global platform had approximately $623 billion of assets under management(1) with more than 4,200 employees operating across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit .Ares Management LLC (together with its related operating and administrative subsidiaries, “Ares Management”) is an Equal Employment Opportunity employer and considers all applicants for employment without regard to race, color, religion, ethnicity, creed, sex, age, national origin, alienage or citizenship status, disability, medical condition, pregnancy, marital status, partnership status, sexual orientation, status regarding public assistance, military or veteran status, domestic violence victim status, gender identity and expression, transgender status, genetic information, status as unemployed, political affiliation or any other characteristic protected by federal, state or local law.Ares Management will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Fair Chance Initiative for Hiring Ordinance.(1) As of December 31, 2025. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser. #J-18808-Ljbffr