Associate – Special Assets

Mitsubishi UFJ Financial Group • Dallas, NY

1d • Hybrid

About The Position

MUFG is seeking an Associate-level workout specialist for its New York or Dallas office to service, monitor, and assist in managing a distressed loan portfolio. The role supports the administration and monitoring of challenged credits and helps turn around or exit complex credit relationships through proactive management and restructuring. Potential approaches may include liquidation of borrowers’ assets, loan sales, or ongoing financing. The Special Assets Division’s primary focus is to minimize losses and maximize recoveries. The selected colleague works at an MUFG office or client sites four days per week and remotely one day per week.

The Associate supports Senior Loan Workout Specialists by analyzing borrower and guarantor financial information, developing financial models, recommending ratings and accrual status, assisting with workout strategies, and preparing portfolio updates and recommendations. The role also reviews loan documentation, monitors business and market trends, follows corporate and regulatory requirements, and escalates risk-related issues. The typical base pay range is $115,000–$150,000, depending on job-related knowledge, skills, experience, and location. The role may also be eligible for discretionary performance-based bonus and/or incentive compensation.

Requirements

• Bachelor’s degree in Business Administration, Finance, Accounting, or a related discipline.
• Minimum of 2–3 years of experience in underwriting, portfolio management, or credit, preferably in wholesale or corporate banking; rating agency or turnaround consulting firm experience will also be considered.
• Knowledge of financial statement analysis, accounting principles, wholesale credit underwriting, and general bank lending guidelines.
• Strong technical and quantitative credit and financial analysis skills.
• Proficiency with MS Word, Excel, and PowerPoint, and financial statement spreading technology such as Moody’s or comparable tools; Bloomberg and FactSet are also cited.
• Detail orientation and demonstrated ability to multitask.
• Strong written, verbal, presentation, and interpersonal skills.
• Ability to organize and prioritize work, work with minimal supervision, interact with management, contribute in a team environment, and work effectively under difficult conditions.

Nice To Haves

• Leverage finance experience.
• Completion of a formal bank credit-training program.

Responsibilities

• Support Senior Loan Workout Specialists responsible for managing challenged loan exposures.
• Analyze borrower and guarantor financial statements, key performance indicators, and 13-week cash flow reports; develop models to monitor performance and covenant compliance, assess debt-service and repayment capacity, analyze distress and turnaround prospects, and evaluate enterprise valuations under restructuring scenarios.
• Use analysis and models to prepare timely borrower internal and regulatory rating recommendations and assign appropriate accrual status on allocated accounts with Senior Loan Workout Specialists.
• Prepare and submit reports to the immediate supervisor, Division Manager, and others within Credit Risk Administration regarding forecast or actual borrower rating changes, capital charges, potential charge-offs, and matters affecting deal or portfolio performance.
• Assist with developing, documenting, and implementing detailed action plans and workout strategies, including potential remedies and legal actions, and provide periodic status reports to senior management.
• Develop financial models and written action-plan recommendations for challenged deals, including holding loans, restructuring them, or selling them, with the goal of optimizing MUFG’s position and loan recoveries.
• Review key terms and conditions of loan documentation.
• Prepare and present quarterly updates, analyses, and remediation strategy recommendations to the immediate supervisor, Division Manager, Bank Officers, and Committees.
• Keep abreast of business and market trends that may affect deal or portfolio performance.
• Comply with corporate policies, particularly those concerning loan provision and charge-off planning.
• Adhere to applicable compliance and operational risk controls in accordance with regulatory and Americas Risk Management standards and policies.
• Identify risk-related issues that need escalation to management.
• Avoid lender liability issues and contain legal and professional expenses by holding parties accountable.
• Complete other related duties and participate in special projects, forecasting, and reporting as needed.

Benefits

• Comprehensive health and wellness benefits.
• Retirement plans.
• Educational assistance and training programs.
• Income replacement for qualified employees with disabilities.
• Paid maternity and parental bonding leave.
• Paid vacation, sick days, and holidays.
• Potential eligibility for discretionary performance-based bonus and/or incentive compensation.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level