Associate – Credit Underwriting and Portfolio Management - Sports Finance

MUFG•New York, NY

3d•$108,000 - $145,000•Hybrid

About The Position

We're seeking a Credit Risk Associate who will be part of our growing Portfolio Management Group. You will handle credit coverage for clients in the Sports sector for team, league and venue borrowers. You'll prepare detailed credit analyses and the required credit applications, which include the evaluation of corporate, regulatory and industry risk, historical operating performance, projected operating performance, and capital structure. As an Associate, you'll assess risk factors associated with each credit and determine the appropriate risk ratings based on established policies and guidelines. You will support active credit management and new transaction underwriting utilizing solid credit and analytical skills, analyzing risks and mitigants, including monitoring credits for potential internal and regulatory rating changes and general credit deterioration with the goal of maximizing the Bank’s net income while minimizing credit costs.

Requirements

Minimum of 2 years of work experience focused on a comprehensive Sports portfolio comprised of league wide, individual team, and sports/entertainment venue transactions within a financial institution. Alternatively, minimum of 3 years work experience within a financial institution or rating agency analyzing corporate client’s risk and credit profiles.
Strong financial spreading/modeling and analytical skills specifically related to Sports, including calculating EBITDA adjustments and Fixed Charge Covenant ratios using LTM, forward looking and base case assumptions.
Experience analyzing Sports credit and risk profiles across various financing transactions.
Proficient in Microsoft Word, PowerPoint and Excel.
Experience utilizing AI tools to assist in core job functions.
Strong written, verbal and interpersonal communication skills with ability to work independently.
Bachelor’s degree, in Finance, Accounting, Business or Economics (working towards a CFA a plus).

Nice To Haves

Completion of a formal credit-training program at a money center bank preferred

Responsibilities

Perform due diligence on new transactions, amendment requests as well as regularly scheduled quarterly, semi-annual and annual credit reviews of the existing loan portfolio.
Coordinate and communicate account information across various constituencies.
Responsible for building and maintaining knowledge of country/risk factors and all current events within the Sports industry vertical in the assigned portfolio utilizing internal and external sources.
Attend client and bank meetings when appropriate via phone, video or occasionally in-person.
Stay abreast of and maintain compliance with all internal existing and amended policies and procedures
Participate in special projects as assigned.
Support the prescreening of proposed transactions to identify critical structural issues and risks, balancing institutional policy with business objectives.
Prepare and present select Quarterly Watch List credits to senior credit officers.
Understand and maintain knowledge of industries represented in portfolio, including technical aspects and regulatory issues.
Support Portfolio and Relationship Managers to problem solve and ensure transaction requests are acceptable within the risk appetite of the Bank.
Ensure compliance with internal policy and procedural requirements by understanding and adhering to Global Corporate and Investment (GCIB) Operating Procedures, General Credit Policies for the Americas (GCP), and Procedures for Credit Ratings and Credit Rules.
Evaluate and establish appropriate ratings for transactions and correlate appropriate exposure level with regard to exposure on both a transaction and group level.
Ensure compliance with policy and regulatory requirements, including timely completion of all assigned training courses.