Vice President, Commercial Finance (Underwriter)

Ares Operations•Tarrytown, NY

19d•$150,000 - $210,000

About The Position

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.

Requirements

Bachelor’s degree from a four-year college or university required.
5+ years in related field with strong computer skills.
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.

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.