Junior Loan Workout Specialist, Associate/AVP
Location: New York
Posted on: June 25, 2022
Do you want your voice heard and your actions to count?Discover
your opportunity with Mitsubishi UFJ Financial Group (MUFG), the
5th largest financial group in the world. Across the globe, we're
180,000 colleagues, striving to make a difference for every client,
organization, and community we serve. We stand for our values,
building long-term relationships, serving society, and fostering
shared and sustainable growth for a better world.With a vision to
be the world's most trusted financial group, it's part of our
culture to put people first, listen to new and diverse ideas and
collaborate toward greater innovation, speed and agility. This
means investing in talent, technologies, and tools that empower you
to own your career.Join MUFG, where being inspired is expected and
making a meaningful impact is rewarded.Job Summary:We are seeking
Junior Loan Workout Specialists in our New York or Dallas office to
service, monitor, and assist in managing a distressed loan
portfolio. Primary objectives for this position are to assist in
administering and monitoring a portfolio of challenged credits and
assisting in the turnaround or exit of complex credit relationships
through proactive management and restructuring efforts that may
include liquidation of the Borrowers' assets, loan sales, or
potentially providing ongoing financing. Special Assets Division's
("SAD") primary focus is to minimize losses and maximize
recoveries. We are seeking candidates with strong credit skills,
financial modeling experience and familiarity with loan
documentation. Qualified candidates should have a background in
credit analysis.Major Responsibilities:
- Support Senior Loan Workout Specialists who are responsible for
managing challenged loan exposures.
- Analyze Borrowers' and Guarantors' financial statements
(including KPIs and 13-week cash flow reporting) and develop
financial models with Senior Workout Specialists to: (i) measure
and monitor operating and financial performance; (ii) adherence to
financial covenants; (iii) determine ability to make debt service
payments; (iv) analyze reason(s) for default/financial distress;
(v) determine ability to turnaround operations to realize improved
financial performance; and (vi) assess repayment ability and
enterprise valuations under various restructuring scenarios.
- Use aforementioned analysis / models to prepare timely borrower
rating recommendations and maintain proper accrual status on SAD
managed accounts with Senior Loan Workout Specialists.
- Regularly prepare and submit reports to immediate supervisor,
Division Manager, and others within Credit Risk Administration
about actual/forecasted borrower rating changes that could impact
capital charges or require a charge-off, as well as on matters that
could impact deal/portfolio performance.
- Assist in developing, documenting and implementing detailed
action plans and workout strategies, including potential remedies,
options, including legal actions challenged credits in our
portfolio, and provide periodic status reports to senior
- Assist in developing valuation models and written
recommendations of action plans for challenged deals, including:
(i) to hold a loan because of high likelihood for refinancing or
repayment; (ii) various strategies for restructuring loans; or
(iii) rationale for selling a loan to with the overriding goal
being to optimize MUFG's position and loan recoveries.
- Prepare and present written quarterly updates, analyses and
remediation strategy recommendations to immediate supervisor,
Division Manager, Bank Officers, and Committees.
- Keep abreast of business and market trends that may affect
- Comply with corporate policies, especially for loan provision
and charge-off planning. Adhere to applicable
compliance/operational risk controls in accordance with regulatory
and Americas Risk Management standards and policies. Identify
risk-related issues needing escalation to management.
- Avoid lender liability issues and contain legal/professional
expenses by holding parties accountable.
- Complete other related duties and participate in special
projects, forecasting, and reporting, as needed.
- Review key terms and conditions of loan documentation for SAD
- Bachelor's degree in Business Administration, Finance,
Accounting or related discipline.
- Minimum of 2-3 years' experience in wholesale banking credit,
rating agency, or turnaround consulting firm.
- Knowledge of financial statement analysis, accounting
principles, wholesale credit underwriting, and general bank lending
guidelines. Preferred: Completion of a formal bank credit-training
- Strong technical (credit and financial analytical) skills.
- Proficient computer skills including: MS Word, Excel,
PowerPoint, Moody's or comparable financial statement spread
technology, Bloomberg and S&P Capital IQ, etc.
- Detail oriented and demonstrated ability to multi-task.
- Strong written, verbal, presentation and interpersonal
- Ability to organize, prioritize work and demonstrated ability
to work well with minimal supervision, interact with management and
work within a team environment, as well as to work effectively
under difficult conditions is critical.
- Experience with wholesale lending, loan documentation and loan
- Progress towards CFA designation is a plusThe above statements
are intended to describe the general nature and level of work being
performed. They are not intended to be construed as an exhaustive
list of all responsibilities duties and skills required of
personnel so classified.We are proud to be an Equal
Opportunity/Affirmative Action Employer and committed to leveraging
the diverse backgrounds, perspectives and experience of our
workforce to create opportunities for our colleagues and our
business. We do not discriminate on the basis of race, color,
national origin, religion, gender expression, gender identity, sex,
age, ancestry, marital status, protected veteran and military
status, disability, medical condition, sexual orientation, genetic
information, or any other status of an individual or that
individual's associates or relatives that is protected under
applicable federal, state, or local law.Some MUFG roles require
that individuals be fully vaccinated against COVID-19, subject to
exemptions for medical or religious reasons, as well as any other
reason required by applicable law or order. Should you be selected
for an interview, your recruiter will provide additional
Keywords: MUFG, New York , Junior Loan Workout Specialist, Associate/AVP, Other , New York, New York
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