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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.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

We are seeking a Senior Credit Administrator, Director in our Los Angeles or New York office to review and adjudicate as second line of defense for MUFG’s distressed loan portfolio of wholesale corporate and project finance deals. Primary objectives for this position include: (i) independently adjudicate credits assigned to Special Assets Division (“SAD”) (including complex, multi-bank syndicated credits) and/or distressed credits rated BR 8-2 or worse managed on the line of business under SAD Consulting (ii) review and challenge credit requests that result from SAD’s proactive management and restructuring efforts that may include: a liquidation of Borrowers’ assets, loan sales, or credit requests stemming from MUFG providing ongoing financing and related amendments, waivers and modifications; (iii) assign timely and accurate internal ratings and reporting in line with MUFG Bank policy and procedures as well as 3rd line and external regulatory expectations; and (v) assist Department Manager and Head of SAD Credit in special projects, as requested, including providing on-the-job training for earlier in career team members assigned as backup on certain accounts. SAD’s primary focus is to minimize losses and maximize recoveries. Full understanding of internal policy and procedures, regulatory risk rating requirements along with strong understanding of credit cash flow models, enterprise valuations (“EV”), loan and deal structures, industry trends and risk mitigation will be highly useful. Qualified candidates should have a background in second line credit adjudication.

Essential Duties and Responsibilities:

• Review and challenge comprehensive Problem Loan Reports (“PLR”) to ensure fulsome comprehensive cash flow/enterprise analyses that support evaluation of PSOR, SSOR, regulatory ratings and accrual status on timely basis. As second line of defense, responsible for ensuring accuracy in borrower/regulatory rating recommendations and maintain proper accrual status on each managed account and flag any potential issues escalating as appropriate.

• Independently review, opine and provide constructive criticism on SAD or SAD Consulting prepared credit memos which support credit actions as recommended by SAD officers. Memos will also include flash memos for significant events where a likely downgrade to BR 10-1/10-2 will occur resulting in loss > $10MM in any one semester.

• Routine responsibilities include drafting and updating of SAD Desktop Guidance, SAD Handbook adhering to MUFG policy and procedures.

• Must be adept at independently synthesizing large amounts of data and independently processing credit requests and internal correspondence with limited manager involvement.

• Provide advice, counsel, direction and guidance to the business line/portfolio management group regarding expedient identification and evaluation of deteriorating loan situations to recognize problem loans early and to minimize losses. This may include significant strategic planning with line officers in negotiations with other lenders and participants across the capital structure (i.e., subordinated debt, 2nd lien debt, mezzanine, equity/sponsors, etc.).

• Work with and guide portfolio managers, credit officers as appropriate, for waivers, consents, and amendments.

• Regularly report to immediate supervisor, Head of SAD, and others within Credit about actual/forecasted borrower and regulatory rating changes that could impact capital charges or require the need for credit cost increases, charge-off, as well as on matters that could impact deal/portfolio performance. Prepare and submit on schedule to Head of SAD and other Bank management all required reports reflecting your portfolio credits. Maintain proper accrual status and borrower and regulatory ratings on each managed account.

• Keep abreast of business and market trends that may affect your deals and portfolio performance.

• Understand and adhere to MUFG’s risk and regulatory standards, policies and controls. Identify risk-related issues needing escalation to management.

• Comply with corporate policy especially for capital cost/provision planning and charge-offs. Adhere to applicable compliance/operational risk controls in accordance with MUFG or regulatory standards and policies.

• Provide assistance/guidance/direction to less experienced team members as well as credit officers on the line of business (i.e. CDA/SFCOA) as it relates to distressed assets under SAD Consulting. Responsible for training and development of earlier in career/less experienced Workout Officers and in alignment with bank wide training requirements.

• Complete other related duties and participate in special projects, forecasting, and reporting, as needed.

• The work performed is primarily focused on returning principal and interest to MUFG. Performance is measured on a combination of comprehensive review, adjudication of SAD Managed and SAD Consulting portfolio. Assigned portfolio size will vary based on the size and complexity of MUFG’s respective exposure, MUFG’s role in the deal (administrative agent, significant deal exposure, or participant), and where the deal is in the workout/restructuring cycle.

Qualifications (Education, Experience, Skills):

• Bachelor’s degree in Business Administration, Finance, Accounting or related discipline; CFA or MBA preferred

• Minimum of 10 years of adjudication on complex wholesale credits with a regulated bank or as buy-side principal at distressed investment firm. Top of the professional discipline in terms of knowledge, skills and abilities. Performs the most complex projects proactively, calmly, thoughtfully, and independently.

• Thorough knowledge of financial statements/analysis, accounting principles, wholesale credit underwriting, assigning borrower and regulatory ratings, enterprise and project valuation, and general bank lending guidelines as evidenced by 10+ years in a regulated bank and through completion of a formal bank credit training program.

• Experience with large corporate/leveraged and project finance lending, loan documentation and loan workouts highly recommended.

• Strong technical (credit and financial analysis) skills.

• Well versed with loan credit documentation.

• Detail oriented, demonstrated ability to multi-task and manage team members (internal and external constituents).

• Strong written, verbal, presentation and interpersonal skills.

• Highly proficient computer skills including: MS Word, Excel, PowerPoint, Moody’s or comparable financial statement spread technology, Bloomberg and S&P Capital IQ, etc.

• Ability to organize, multi-task, prioritize work and demonstrated ability to work with minimal supervision, interact with all levels of management and work within a team/consensus driven environment, as well as to work effectively under adverse, stressful and sometimes hostile conditions is a critical element of this job.

• Personal/organizational fit: successful candidates will appreciate how we execute our job responsibilities which is as important as the accomplishments we achieve.

Preferred Qualifications

• CFA or MBA

• Bankruptcy Code knowledge and experience

The typical base pay range for this role is between $185K - $235K depending on job-related knowledge, skills, experience, and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes 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, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary (https://careers.mufgamericas.com/sites/default/files/document/2023-01/mb-live-well-work-well.pdf)

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.

The above statements are intended to describe the general nature and level of 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 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 on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.

At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!

Our Culture Principles

• Client Centric

• People Focused

• Listen Up. Speak Up.

• Innovate & Simplify

• Own & Execute