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Loan Workout

4 months ago

New York, United States SMBC Group Full time

The anticipated salary range for this role is between $180,000.00 and $220,000.00. 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 Description

SMBC's Special Credit Group is looking for a Director to join the Leveraged Finance team. Among other activities, the person will monitor and manage a portfolio of assigned distressed Leveraged Finance credits and assist in the turnaround or exit of distressed credit relationships through proactive account management and restructuring efforts. Incumbent is also responsible for reserves reporting and account related admin matters.

Role Objectives: Delivery

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, loss 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.

Experience and Education

Work Experience:

9+ years’ experience in leveraged finance or corporate finance credit underwriting or portfolio management at the financial institution or the turnaround consulting firm. Experience in negotiating term sheets and finance documentations.

Education:

Required: BA / BS in Finance, Accounting, Business Administration, or a related filed Preferred: MA / MS / MBA Formal credit training preferred Workout experience preferred

Qualifications and Skills

Deep understanding of Leveraged Finance, Corporate Finance, loan sales & syndication. Proven analytical and financial modeling skills and experience with review and negotiation of loan documentations. Proven credit analysis skills and track record; ability to efficiently analyze information to quickly identify the key risk factors and to identify solutions. Knowledge in regulatory framework in region and fully versed in internal policies and procedures. Excellent communication and presentation skills both written and verbal; proven ability to present and negotiate externally with clients and key industry contacts and internally with senior management and other departments. Ability to build and maintain a strong network of relationships across the Bank to support and facilitate communication and/or execution of restructuring transaction. Demonstrates a high degree of attention to detail and an ability to complete work accurately and in a timely manner against strict deadlines. Self-driven and motivated; takes personal ownership of specific assignments.