Assist with daily loan administration tasks, monitor borrowing capacity, maintain client checklists, and support credit officers in portfolio 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
Primary functions and essential responsibilities- Assist Loan Administration with daily processing: checking Ares owned DDAs for incoming wires outside of treasury worksheet and notify appropriate collateral analyst for processing, reconciliation of all daily collection posting and accuracy validation, vendor invoice processing including reconciliation and accuracy validation in Stucky and Coupa, maintain and validate SOFR interest amounts and other assigned loan administration assistance
- Maintain and monitor alerts from a 3rd party vendor’s system using client information, as well as key individuals related to a client. Follow up with data on existing client alerts with respective Credit Officers and senior management
- Review borrower’s collateral reporting package for accuracy, trends, and adherence to lender guidelines on a portfolio of secured revolving credit loans
- Calculate and monitor customer’s daily borrowing capacity and process funding requests
- Post collateral values to our proprietary loan monitoring platform (Stucky)
- Perform monthly accounts receivable verifications
- Maintain a monthly Client Checklist that will track borrower reporting and loan maintenance exceptions
- Involvement with the new business deal team in setting up the borrower’s initial borrowing base certificate using Field Exam and preparing the operations Handling Guide using negotiated legal documents
- Assist Credit Officers with daily portfolio management, risk assessment, due-diligence, and Investment Committee presentations
- On-going communication with fellow team members, customers, their customers, accounting, treasury and Ares senior management
- Perform other duties as assigned
Education: Qualified candidate will have a college degree in Accounting, Finance, or Business Administration or a minimum of two years’ experience in the Asset Based Lending industry.
Experience Required: Strong grasp of Microsoft Excel, Word and Outlook
General Requirements:
- Outgoing personality with a strong desire to be a contributing team member
- Excellent oral and written communication skills
- Strong mathematic aptitude with an interest in finance and accounting
- Ambition to learn and grow within the organization
- Ability to focus on routine tasks in a fast-paced, team-oriented work environment
- Ability to maintain confidentiality
- Ability to focus on routine tasks in a fast-paced, team-oriented work environment
Reporting Relationships
Managing Director, Operations, Commercial FinanceThere 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.
Top Skills
Coupa
Excel
Microsoft Outlook
Microsoft Word
Stucky
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