Loan Workout Special Credit Group - Director

Loan Workout Special Credit Group - Director

Job Level: Director

Job Function:
Governance & Assurance

Location:

New York, NY, US, 10172

Employment Type:

Full Time

Requisition

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan.

SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network.

The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $ and $. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award.

In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Objectives:
Delivery

The role's responsibilities include but are not limited to the following:

* Continuously monitor and manage existing transactions, such as analyze financial statements (including 13-week cash flow reporting) and develop financial models 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;

assign borrower rating, detailed action plans, exposure management strategies and account related admin duties

* Review and process of waivers and amendments, leading the preparation of credit applications, managing the credit process with the Credit Department and back office, performing any due diligence activities, and negotiating documentation.

* Keep abreast of business and market trends that may affect deal/portfolio performance.

* Prepare periodic reports and information pertaining to the account for senior management. Pro-actively escalate credit risk, operational risk, and events to management if applicable.

* On a quarterly basis analyze and report reserve/write-off calculations complying with both US GAAP and JGAAP, assign proper accrual / non-accrual status, and handle credit cost forecasts.

* Prepare materials for regulator examinations, external and internal audits.

* Ensure compliance of all internal and external matters in accordance with banking regulations, bank policy and best practices.

* Provide mentorship and guidance to deal team members and give guidance and feedback. Help train junior members of team.

* Undertake ad hoc tasks and projects as required and assigned.

Role Description

SMBC's Special Credit Group is looking for a Director to join the Corporate Product Team. Among other activities, the person will monitor and manage a portfolio of assigned distressed Leveraged Finance and large corporate credits; manage the credit cost, and work together with restructuring advisor assisting in the restructuring efforts. Incumbent is also responsible for reserves reporting and account…