Senior Workout Specialist - Special Assets Division, Director
Los Angeles, CA, USA
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
Independently manage any credit assigned to the department including, the largest, most complex credits normally in excess of $15 MM. Such account assignments would usually be in multi-bank credits. Assists the Division Manager in special projects as requested including providing on-the-job training for more junior staff members assigned as backup on certain accounts.
Administer the collection process for any type or size loan, concentrating mainly on large and/or complex credits. Assignments may include Bank Agented credits in multi bank structures, and in structures in which the Bank may have several levels of involvement. Represent the Bank in large credits where the Bank may not be Agent, but has a lead position in size or structure.
Prepare and present written analysis including analysis of loans to Division Manager, Bank Officers, and Committees.
Negotiate with all parties involved through the workout/bankruptcy process to achieve the Bank’s objective while maximizing return to the Bank. In complex credit structures, this negotiation will involve significant time spent with other lenders and private equity funds.
Prepare and submit on schedule to Division Manager and other Bank management all required reports reflecting the current loans being administered. Maintain the proper accrual status and loan grade on managed accounts.
Provide advice, counsel and direction to the Bank. Provide advice, counsel and direction to lending staff regarding expedient identification and evaluation of deteriorating loan situations in order to recognize problem loans early and minimize losses. This may also include significant strategic planning with line officers in negotiations with other lenders and participants in the capital structure (e.g., sub debt, 2nd lien debt, equity, etc.)
The majority of the work performed results in a return of principal and interest to the Bank. Performance is measured on a combination of return to the Bank and administration of accounts.
Portfolio size under management would range from approximately $150MM to $500MM in assets.
Prior commercial loan workout experience required, including workout experience with accounts and portfolio sizes as noted above
5-7 years corporate/middle market and national account experience
Excellent credit administrative and credit diagnostic skills required
Requires excellent written and verbal communication
Strong negotiation skills
Ability to perform advanced financial calculations
The above statements are intended to describe the general nature and level of the work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified .
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
Mitsubishi UFJ Financial Group (MUFG) is one of the world's leading financial groups. Our services include corporate banking, commercial banking, retail banking, wealth management, investment banking, capital markets, personal and corporate trust, and transaction banking.
In 2014, MUFG integrated the operations of The Bank of Tokyo-Mitsubishi UFJ (BTMU) in the United States and San Francisco-based Union Bank, N.A. This combined entity, MUFG Union Bank, N.A., enables us to better serve our individual, corporate, commercial banking and institutional customers by offering expanded global capabilities. In April 2018, the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) was renamed to MUFG Bank, Ltd.
Headquartered in Tokyo, MUFG is a global network that includes more than 2,300 locations in more than 50 countries, with over 150,000 employees, and with assets and market value in the Top 10 in the world. Through close partnerships among our group members, MUFG aims to be the world's most trusted financial group, flexibly responding to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world.
We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.