Vice President, Commercial Finance (Underwriter)
Ares Management
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
Ares is currently seeking a candidate for the position of Credit Loan Officer to join our Ares Commercial Finance (“ACF”) Group to be based in Tarrytown, New York. The candidate will be responsible for all aspects of loan relationship management, in addition to assisting with the underwriting of initial credit requests. In this capacity, significant responsibilities include on-going account and credit administration; credit, collateral and financial review and projection; portfolio trend analysis; reporting and covenant compliance; and problem loan identification. This position has daily visibility with senior management within Ares and regularly interfaces with outside counsel, equity sponsors, industry professionals and Ares borrowers.
The ACF platform provides asset-based and cash flow loans to small and middle-market companies across a wide breadth of industries including manufacturing, distribution, wholesale and services, as well as asset-based facilities to specialty finance companies. Our team uses a combination of specialized credit and collateral monitoring to provide clients with flexibility and greater credit availability. ACF has the ability to structure and agent deals to support the growth and changing capital needs of its clients.
Our asset-based lines of credit may be structured as working capital financing, special accommodation financing, turnaround financing, debtor-in-possession financing, acquisition financing and specialty lender financing.
ACF is headquartered in New York, with offices in Chicago, Atlanta, Los Angeles, Manhattan, and Tarrytown. The senior investment professionals of ACF have on average more than 30 years of experience in commercial finance and asset-based lending.
The following highlights ACF’s Direct Lending strategy:
Leverage the power of the Ares and Direct Lending platforms.
Multi-asset class “one-stop” solutions to meet clients’ needs.
Ability to rotate between asset classes with superior relative value.
Drive proprietary investment opportunities by pursuing multiple origination channels across various regions within the United States.
Active management of risk through structuring and asset coverage.
Agent transactions with careful monitoring of liquidity and performance.
Small deal teams with single point of contact
Transparent and streamlined approval process with certainty of closing.
Primary Functions and Essential Responsibilities
Manage and administer a portfolio of Ares loan relationships in accordance with Ares policy, procedure, and lending guidelines.
Daily account administration, including collateral and credit monitoring; review and approving daily advance requests, monitoring borrowers’ on-going operating and financial performance; managing monthly receivable verification process; identifying negative financial and operating trends; preparing periodic financial reviews and projections; maintaining credit and related files; monitoring and resolving documentation and financial exceptions.
Review monthly cash reconciliations and trend card prepared by the operations staff.
Prepare quarterly credit review and periodic credit requests on portfolio of loan relationships.
Review of documentation of contract amendments and waivers.
Manage and review collateral audits on the portfolio of accounts and new credits.
Assist the deal team with new transactions, specifically with the initial credit review/screening, underwriting and loan execution.
Responsible for the supervision / management of the Collateral Analysts with respect to specific accounts handled by the Credit Loan Officer.
Assist with special projects as needed.
Qualifications
Education: Bachelor’s degree from a four-year college or university required.
Experience Required: 5+ years in related field with strong computer skills.
General Requirements:
Self-starter, exceptional communication and organizational skills necessary.
Ability to work independently as well as with “the team”, including team members in other offices.
Excellent oral and written communication skills and computer literacy.
High level of proficiency with Microsoft Windows, PowerPoint, Word, Excel, Outlook. Excel proficiency in financial modeling/spreads, lookups and relevant formulas. Able to use Excel to conduct financial and other analysis. Ability to create cohesive memorandums and other materials in PowerPoint format including pasting in charts, providing bullet point style narrative and general formatting.
Reporting Relationships
Head of Commercial FinanceCompensation
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.
The 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.