MUFG Bank, Ltd.
Senior Loan Workout Specialist, Vice President
MUFG Bank, Ltd., Dallas, Texas, United States, 75215
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 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.
The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.
We are seeking a Senior Loan Workout Specialist, Vice President in our New York office to service, monitor, and manage a distressed loan portfolio of wholesale corporate and project finance deals. Primary objectives for this position include:
independently monitor and manage each credit assigned to Special Assets Division (“SAD”);
administer the turnaround or exit of complex credit relationships through proactive management and restructuring efforts;
proactively monitor deals and assign timely internal ratings and reporting;
assist Division Manager in special projects, as requested.
Essential Duties and Responsibilities:
Manage an assigned portfolio of challenged corporate credits and independently manage respective workouts.
Analyze Borrowers’ and Guarantors’ financial statements to measure and monitor customers’ performance.
Use aforementioned analysis to prepare timely borrower and regulatory rating recommendations.
Regularly prepare and submit reports on borrower/regulatory rating changes.
Develop, document and implement detailed action plans and workout strategies.
Provide recommendations on appropriate action plans for each deal.
Review key terms and conditions of loan documentation.
Prepare and present written quarterly updates and recommendations to management.
Provide advice, counsel, direction and guidance to the business line regarding deteriorating loan situations.
Work with in-house and outside legal counsel for waivers and amendment negotiations.
Negotiate with debtors and bankers to manage and restructure challenged deals.
Keep abreast of business and market trends that may affect portfolio performance.
Understand and adhere to MUFG’s risk and regulatory standards.
Responsible for working out challenged loans through restructuring debt.
Provide assistance/guidance/direction to less experienced team members.
Complete other related duties and participate in special projects, as needed.
Qualifications (Education, Experience, Skills):
Bachelor’s degree in Business Administration, Finance, Accounting or related discipline; MBA preferred.
Minimum of 3 years of workout experience on complex wholesale credits or at a turnaround consulting firm.
Thorough knowledge of financial statements and general bank lending guidelines.
Detail oriented with demonstrated ability to multi-task and manage team members.
Ability to effectively negotiate with borrowers and outside vendors.
Strong written, verbal, presentation and interpersonal skills.
Highly proficient in MS Word, Excel, PowerPoint, and financial statement spread technology.
Ability to organize and prioritize work with minimal supervision.
Experience with wholesale lending, loan documentation and loan workouts is essential.
Preferred Qualifications:
MBA or CFA designation.
Bankruptcy Code knowledge and experience.
The typical base pay range for this role is between $155K - $190K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation.
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.
We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce.
#J-18808-Ljbffr
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 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.
The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.
We are seeking a Senior Loan Workout Specialist, Vice President in our New York office to service, monitor, and manage a distressed loan portfolio of wholesale corporate and project finance deals. Primary objectives for this position include:
independently monitor and manage each credit assigned to Special Assets Division (“SAD”);
administer the turnaround or exit of complex credit relationships through proactive management and restructuring efforts;
proactively monitor deals and assign timely internal ratings and reporting;
assist Division Manager in special projects, as requested.
Essential Duties and Responsibilities:
Manage an assigned portfolio of challenged corporate credits and independently manage respective workouts.
Analyze Borrowers’ and Guarantors’ financial statements to measure and monitor customers’ performance.
Use aforementioned analysis to prepare timely borrower and regulatory rating recommendations.
Regularly prepare and submit reports on borrower/regulatory rating changes.
Develop, document and implement detailed action plans and workout strategies.
Provide recommendations on appropriate action plans for each deal.
Review key terms and conditions of loan documentation.
Prepare and present written quarterly updates and recommendations to management.
Provide advice, counsel, direction and guidance to the business line regarding deteriorating loan situations.
Work with in-house and outside legal counsel for waivers and amendment negotiations.
Negotiate with debtors and bankers to manage and restructure challenged deals.
Keep abreast of business and market trends that may affect portfolio performance.
Understand and adhere to MUFG’s risk and regulatory standards.
Responsible for working out challenged loans through restructuring debt.
Provide assistance/guidance/direction to less experienced team members.
Complete other related duties and participate in special projects, as needed.
Qualifications (Education, Experience, Skills):
Bachelor’s degree in Business Administration, Finance, Accounting or related discipline; MBA preferred.
Minimum of 3 years of workout experience on complex wholesale credits or at a turnaround consulting firm.
Thorough knowledge of financial statements and general bank lending guidelines.
Detail oriented with demonstrated ability to multi-task and manage team members.
Ability to effectively negotiate with borrowers and outside vendors.
Strong written, verbal, presentation and interpersonal skills.
Highly proficient in MS Word, Excel, PowerPoint, and financial statement spread technology.
Ability to organize and prioritize work with minimal supervision.
Experience with wholesale lending, loan documentation and loan workouts is essential.
Preferred Qualifications:
MBA or CFA designation.
Bankruptcy Code knowledge and experience.
The typical base pay range for this role is between $155K - $190K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation.
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.
We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce.
#J-18808-Ljbffr