Senior Credit Administrator, Director

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.

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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