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About the Role
Seeking an Associate level workout specialist to service, monitor, and assist in managing a distressed loan portfolio. The primary objectives are to administer and monitor challenged credits and assist in the turnaround or exit of complex credit relationships through proactive management and restructuring efforts.
Responsibilities
- Support Senior Loan Workout Specialists in managing challenged loan exposures.
- Analyze financial statements and develop financial models to measure performance, monitor covenant adherence, determine debt service ability, analyze distress reasons, assess turnaround potential, and evaluate valuations.
- Prepare borrower internal and regulatory rating recommendations and assign proper accrual status.
- Prepare and submit reports on borrower rating changes, capital charges, charge-offs, and deal/portfolio performance impacts.
- Assist in developing, documenting, and implementing action plans and workout strategies, including potential remedies and legal actions.
- Develop financial models and written recommendations for action plans, including holding loans, restructuring, or selling loans to optimize position and recoveries.
- Review key terms and conditions of loan documentation.
- Prepare and present quarterly updates, analyses, and remediation strategy recommendations.
- Stay informed about business and market trends affecting deal/portfolio performance.
- Comply with corporate policies, loan provision, and charge-off planning.
- Adhere to compliance and operational risk controls.
- Identify risk-related issues for escalation.
- Avoid lender liability issues and contain legal/professional expenses.
- Complete other related duties and participate in special projects, forecasting, and reporting.
Requirements
- Bachelor’s degree in Business Administration, Finance, Accounting or related discipline.
- Minimum of 2-3 years of experience in underwriting, portfolio management, or credit (preferably in wholesale/corporate banking).
- Experience with rating agency or turnaround consulting firm is considered.
- Leverage finance experience is a plus.
- Knowledge of financial statement analysis, accounting principles, wholesale credit underwriting, and general bank lending guidelines.
- Strong technical and quantitative (credit and financial analysis) skills.
- Completion of a formal bank credit-training program is preferred.
- Proficient computer skills: MS Word, Excel, PowerPoint, Moody’s or comparable financial statement spread technology, Bloomberg, FactSet, etc.
- Detail oriented and demonstrated ability to multi-task.
- Strong written, verbal, presentation and interpersonal skills.
- Ability to organize, prioritize work and work with minimal supervision.
- Ability to interact with management and work within a team environment.
- Ability to work effectively under difficult conditions is critical.
Skills
- Financial statement analysis
- Accounting principles
- Wholesale credit underwriting
- General bank lending guidelines
- Credit analysis
- Financial modeling
- MS Word
- MS Excel
- MS PowerPoint
- Moody’s or comparable financial statement spread technology
- Bloomberg
- FactSet
- Written communication
- Verbal communication
- Presentation skills
- Interpersonal skills
- Organization
- Prioritization
- Teamwork
Location
- New York
- Dallas
Work Type
- Hybrid (4 days in office, 1 day remote)
Experience Level
- Associate
Education Level
- Bachelor's degree
Salary/Compensations
- $115K - $150K base pay range
- Eligible for discretionary performance-based bonus and/or incentive compensation.
Benefits
- Comprehensive health and wellness benefits
- Retirement plans
- Educational assistance and training programs
- Income replacement for qualified employees with disabilities
- Paid maternity and parental bonding leave
- Paid vacation, sick days, and holidays
About the Company
- Mitsubishi UFJ Financial Group (MUFG) is one of the world’s leading financial groups with 150,000 colleagues globally.
- MUFG strives to make a difference for every client, organization, and community served.
- MUFG stands for its values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
- MUFG's vision is to be the world’s most trusted financial group.
- It is part of MUFG’s culture to put people first, listen to new and diverse ideas, and collaborate toward greater innovation, speed, and agility.
- MUFG invests in talent, technologies, and tools that empower employees to own their careers.
Equal Opportunity
- We are proud to be an Equal Opportunity 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.
- We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws.