Associate – Special Assets

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 150,000 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.

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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.

Overview Seeking Associate level workout specialist in our New York or Dallas office to service, monitor, and assist in managing a distressed loan portfolio.

Primary objective s 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.

Qualified candidates will be quantitatively based, with strong credit analysis skills, experience creating bespoke complex financial models and familiarity with loan documentation.

Responsibilities Support Senior Loan Workout Specialists who are responsible for managing challenged loan exposures.

Analyze Borrowers’ and Guarantors’ financial statements (including key performance indicators (“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;

(vi) assess repayment ability; and (v) evaluate enterprise valuations under various restructuring scenarios to ascertain assignment of regulator ratings and guide secondary loan sale recommendations.

Use aforementioned analysis / models to prepare timely borrower internal and regulatory rating recommendations and assign proper accrual status on allocated 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 management.

Assist in developing financial 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.

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