AVP, Investment Operations (Loan Settlement)

Ares Management Corporation; Mumbai; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

Ares Management Corporation seeks a senior professional to lead end-to-end settlement of syndicated loan trades. You will oversee LSTA settlements, closings, and related documentation, while coordinating with agents, custodians, and counterparties to resolve issues.

Responsibilities include cash and position reconciliation, Delayed Compensation & CoC calculations, and driving process improvements. Mentoring junior staff and supporting audits are part of the role.

Qualifications

• 10-15 years in Investment Operations or Loan Settlements.
• Hands-on experience with LSTA and LMA settlements and closings.
• Experience with Delayed Compensation and CoC calculations.
• Proven cash and position reconciliation expertise.
• Strong ability to resolve settlement exceptions.

Responsibilities

• Manage end-to-end settlement of syndicated bank loan trades.
• Oversee LSTA loan settlements, closings, and assignments.
• Coordinate LMA closings, transfer certificates, and docs.
• Perform daily cash and position reconciliations.
• Provide guidance to junior team members and mentor staff.

Skills

Loan Settlement Expertise

LSTA/LMA Knowledge

Cash & Position Reconciliation

Break Investigation

Stakeholder Management

Team Leadership

Reporting & Analytics

Education

Bachelor's Degree in Finance / Commerce

Tools

ClearPar

WSO Admin

Geneva

Loan IQ

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

• 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

About Ares Management

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 June 30, 2026, Ares Management's global platform had approximately $671billion of assets under management(1) with more than 4,400 employees operating across North America, South America, Europe, Asia Pacific and the Middle East.

For more information, please visit www.aresmgmt.com.

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 June 30, 2026. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.