The Team - Asset-Based Finance Group (ABF Group):MUFG's ABF Group is one of the essential go-to-market products for MUFG in North America and an important financing tool for supporting clients' needs. The ABF group delivers full service-based capabilities to MUFG's clients including origination, underwriting, portfolio management, collateral monitoring, syndication and agency services. The ABF team is active across a wide range of client business sectors. The ABF Group looks to create a challenging, motivating and rewarding working environment for the Group's staff and operating partners, supporting and furthering the careers of all of the Group's employees according to their skills.
Job Summary:The role will primarily focus on ABF's structuring and underwriting efforts and marketing support with some client interaction as well as involvement in the syndication process. In coordination with Relationship Managers and other product providers, the Associate will underwrite and syndicate ABF transactions for companies across various industries. The Associate will focus on borrower analysis including assessing risk factors associated with the borrower's credit and collateral, determine appropriate rating based on established policies and guidelines, and be responsible for creating and submitting credit packages through internal systems. Reports to ABF Underwriting Manager.
Responsibilities: Structuring, Underwriting & Execution
- In conjunction with the ABF Origination team, evaluate customer information to determine optimal financing structure and security package
- Assist ABF Underwriting deal team lead on transactions
- Perform financial due diligence coordinating with deal team, third parties and borrowers
- Perform collateral due diligence, including review and analysis of collateral reports
- Prepare detailed financial models and stress tests, analyze companies' future performance, debt capacity and collateral position
- Manage internal transaction approval process: draft approval memoranda and submit through internal systems, present to management and credit committee, interact with credit officers
- Work with Senior Staff to draft and negotiate commitment letters and credit agreements
- Coordinate with Syndication team: draft offering memoranda and presentation for investors, organize bank meetings, answer investor due diligence questions
- Lead deal closing process including coordinating with legal counsel to ensure all necessary legal diligence is conducted and loan documents are prepared reflecting the bank's credit approval and terms and conditions
Policy Compliance
- Ensure compliance with external regulatory/internal policy and procedural requirements
- Participate in ad-hoc policy meetings to enhance organization wide credit risk framework
Support and mentor junior analysts in credit risk management process
- Train and support junior staff on assigned transactions
- Guide junior staff in completing complex assignments
- Study, develop and enhance analytical skills of the team through close communication
Skills and Experience:- 3+ years of relevant financial experience; specifically in Asset-Based Lending preferred
- Bachelor's degree or equivalent; MBA a plus
- Corporate finance professional with solid credit and analytical background
- Completion of a formal credit-training program at a money center bank a plus
- Strong written, verbal and interpersonal skills
- Strong financial modeling skills is a must
- Field Exam or Appraisal Experience a plus
Compensation and Benefits:The typical base pay range for this role is between $130k - $165k depending on job-related knowledge, skills, experience and location with eligibility for 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
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.
