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Ares Management · 1 month ago

Loan Administration Team Lead (Commercial Finance)

Tarrytown, NY

Full-time

Onsite

Mid, Senior Level

$120K/yr - $225K/yr

3+ years exp

Ares Management is an industry-leading provider of asset-backed loans to middle-market businesses. The Loan Administration Team Lead position is responsible for managing loan booking procedures, ensuring accuracy in loan entries, and coordinating with various departments to facilitate loan operations and maintain communication with clients.

Asset ManagementBusiness DevelopmentCreditFinanceFinancial ServicesInsurance

Growth Opportunities

H1B Sponsor Likely

Responsibilities

Set up new loans based on submitted Handling Guides and review loan documents for accuracy

Maintain interest tables and coordinate with Credit Officers and Collateral Analysts to ensure month-end interest statements sent to borrowers are accurate

Monitor all SOFR contract expirations, continuations, and conversions for portfolio borrowers

Set up syndications/participations in ACF’s proprietary loan monitoring system (Stucky)

Perform ongoing Stucky entries, including:

Settlement entries

Interest and fee adjustments

Line and loan adjustments

Re-allocation of loan positions

Calculate interest and fees manually as required

Process syndication/participation notifications:

Create notices to supplement Stucky reports

Maintain a database for notice delivery

Review notices and Stucky reports for accuracy prior to distribution

Ensure timely and accurate distribution of all notices

Respond to queries and requests from loan parties

Follow up on settlement activity:

Monitor receipt of settlements within required timeframes

Coordinate with Treasury on outgoing settlements

Process letters of credit for portfolio borrowers

Maintain monthly Client List exception reporting and assist Collateral Analysts and Credit Officers in updating field exam, appraisal, insurance, and lien search information

Interface with Accounting for:

Payoff of existing loan positions

Setup of depository bank accounts

Payment and posting of vendor invoices and non-monthly fees

Reconciliation of good faith deposits for new transactions

Maintain ongoing communication with team members, customers, their customers, and Ares senior management

Perform other duties as assigned

Qualification

Asset-Based LendingLoan AdministrationMicrosoft Office SuiteTeam ManagementMathematical AptitudeMulti-taskingAttention to DetailCommunication SkillsTeam-oriented MindsetConfidentiality

Required

Bachelor's degree in Accounting, Finance, or Business Administration OR Minimum of three years' experience in accounting or operations within a bank or finance company

Minimum 3 years of experience in Asset-Based Lending (ABL)

Prior experience managing a team

Proficiency in Microsoft Office Suite

Exceptional attention to detail with a proven track record for accuracy

Excellent oral and written communication skills

Strong mathematical aptitude with an interest in finance and accounting

Ambition to learn and grow within the organization

Ability to multi-task and thrive in a fast-paced environment

Team-oriented mindset with a willingness to assist others

Ability to maintain confidentiality

Benefits

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)

Commuter Benefits plan for parking and transit

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

Company

Ares Management

Glassdoor4.1

Ares Management is an alternative asset manager focusing on credit, private equity, and real estate.

Founded in 1997

Los Angeles, California, USA

1001-5000 employees

http://www.aresmgmt.com

H1B Sponsorship

Ares Management has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (7)

2023 (1)