Junior Loan Workout Specialist, Analyst

2 months ago

Toronto, Canada MUFG Canada Full time

**Do you want your voice heard and your actions to count?**

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

**Job Summary**

**Key Accountabilities**:

- Support Senior Loan Workout Specialists who are responsible for managing challenged loan exposures.
- Analyze Borrowers’ and Guarantors’ financial statements (including key performance indicators (“KPIs”) and 13-week cash flow reporting) and develop financial models with Senior Workout Specialists 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;
- (vi) assess repayment ability; and
- (v) evaluate enterprise valuations under various restructuring scenarios to ascertain assignment of regulator ratings and guide secondary loan sale recommendations.
- Use aforementioned analysis / models to prepare timely borrower internal and regulatory rating recommendations and assign proper accrual status on allocated accounts with Senior Loan Workout Specialists.
- Regularly prepare and submit reports to immediate supervisor, Division Manager, and others within Credit Risk Administration about actual/forecasted borrower rating changes that could impact capital charges or require a charge-off, as well as on matters that could impact deal/portfolio performance.
- Assist in developing, documenting and implementing detailed action plans and workout strategies, including potential remedies, options, including legal actions challenged credits in our portfolio, and provide periodic status reports to senior management.
- Assist in developing financial models and written recommendations of action plans for challenged deals, including: (i) to hold a loan because of high likelihood for refinancing or repayment; (ii) various strategies for restructuring loans; or (iii) rationale for selling a loan to with the overriding goal being to optimize MUFG’s position and loan recoveries.
- Review key terms and conditions of loan documentation.
- Prepare and present high quality written quarterly updates, analyses and remediation strategy recommendations to immediate supervisor, Division Manager, Bank Officers, and Committees.
- Keep abreast of business and market trends that may affect deal/portfolio performance.
- Comply with corporate policies, especially for loan provision and charge-off planning. Adhere to applicable compliance/operational risk controls in accordance with regulatory and Americas Risk Management standards and policies. Identify risk-related issues needing escalation to management.
- Avoid lender liability issues and contain legal/professional expenses by holding parties accountable.
- Complete other related duties and participate in special projects, forecasting, and reporting, as needed.

**Technical Skills**:

- Strong technical and quantitative (credit and financial analysis) skills.
- Proficient computer skills including: MS Word, Excel, PowerPoint, Moody’s or comparable financial statement spread technology, Bloomberg, FactSet, etc.
- Detail oriented and demonstrated ability to multi-task.
- Strong written, verbal, presentation and interpersonal skills.
- Ability to organize, prioritize work and demonstrated ability to work well with mínimal supervision, interact with management and work within a team environment, as well as to work effectively under difficult conditions is critical.

**Experience and Abilities**:

- Minimum of 2-3 years’ experience in wholesale banking credit, rating agency, or turnaround consulting firm, preferably with focus on leveraged finance. Knowledge of financial statement analysis, accounting principles, wholesale credit underwriting, and general bank lending guidelines.
- Preferred: Completion of a formal bank credit-training program.
- Experience with loan documentation and loan workouts.

**Education and Training**:

- Bachelor’s degree in Business Administration, Finance, Accounting or related discipline.

**Working Conditions**:
4 days a week in-office

Each of MUFG Bank Canada and MUFG Securities Canada is an equal opportunity employer.

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