Loan Workout Specialist

3 days ago

New York, New York, United States MUFG Full time
About the Role

We are seeking a highly skilled and motivated Associate - Junior Loan Workout Specialist to join our Special Assets Division in New York. As a key member of our team, you will play a critical role in managing a distressed loan portfolio, analyzing financial statements, and developing financial models to measure and monitor operating and financial performance.

Key Responsibilities
  • Support Senior Loan Workout Specialists in managing challenged loan exposures.
  • Analyze Borrowers' and Guarantors' financial statements and develop financial models to determine ability to make debt service payments, analyze reason(s) for default/financial distress, and evaluate enterprise valuations under various restructuring scenarios.
  • 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.
  • Assist in developing, documenting, and implementing detailed action plans and workout strategies, including potential remedies, options, and legal actions for challenged credits in our portfolio.
  • Review key terms and conditions of loan documentation.
Requirements
  • 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, preferably with focus on leveraged finance.
  • Knowledge of financial statement analysis, accounting principles, wholesale credit underwriting, and general bank lending guidelines.
  • Strong technical and quantitative (credit and financial analysis) skills.
  • Proficient computer skills, including MS Word, Excel, PowerPoint, and financial statement spread technology.
About MUFG

MUFG is a global financial institution with a commitment to innovation, diversity, and inclusion. We offer a competitive benefits package, comprehensive health and wellness benefits, retirement plans, educational assistance, and training programs. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive, and innovative.

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