Loan Workout Specialist

2 days ago


New York, New York, United States MUFG Bank, Ltd. Full time
Job Title: Associate - Junior Loan Workout Specialist

We are seeking a highly motivated and detail-oriented Associate - Junior Loan Workout Specialist to join our team at MUFG Bank, Ltd. in New York. As a key member of our Special Assets Division, you will play a critical role in managing a distressed loan portfolio and assisting in the turnaround or exit of complex credit relationships.

Key Responsibilities:
  • Support Senior Loan Workout Specialists in managing challenged loan exposures.
  • Analyze Borrowers' and Guarantors' financial statements and develop financial models to measure and monitor operating and financial performance.
  • Prepare timely borrower internal and regulatory rating recommendations and assign proper accrual status on allocated accounts.
  • Regularly prepare and submit reports to immediate supervisor, Division Manager, and others within Credit Risk Administration.
  • Assist in developing, documenting, and implementing detailed action plans and workout strategies.
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.
  • Strong technical and quantitative skills, including financial statement analysis and accounting principles.
  • Proficient computer skills, including MS Word, Excel, PowerPoint, and financial statement spread technology.
Preferred Qualifications:
  • Progress towards CFA designation.

MUFG Bank, Ltd. offers a competitive salary range of $115K - $150K, depending on job-related knowledge, skills, experience, and location. This role may also be eligible for discretionary performance-based bonus and/or incentive compensation. Our Total Rewards program provides colleagues with a comprehensive benefits package, including health and wellness benefits, retirement plans, educational assistance, and training programs.



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