Asset Based Finance Group (ABF)MUFG Bank's Asset-Based Financing (ABF) is one of the essential go-to-market products for MUFG in North America, and is housed within MUFG's Global Corporate and Investment Banking division.
The ABF group delivers full services-based capabilities to MUFG's clients including origination, underwriting, and portfolio management, as well as syndicating and agenting ABL revolvers. The ABF team is active across a range of client business sectors throughout the U.S.
Overall Purpose of Job:The Portfolio Management function within MUFG's ABF group is responsible for the oversight of a portfolio of asset-based lending clients situated throughout the US, evaluating the creditworthiness of the clients on an ongoing basis, monitoring the collateral that supports all credit exposure, and initiating or supporting revenue growth efforts.
The client base spans multiple industries, and customers range from large, public companies active in the capital markets to sponsor-owned middle market companies with complex capital structures.
Job Summary / Core Responsibilities:- Monitoring borrower financial performance on an ongoing basis.
- Evaluate collateral performance at the borrowing base component level and insure that adequate collateral is available to cover outstanding obligations
- Assess liquidity and excess availability levels, both historical and projected.
- Ensuring that the bank's collateral is regularly appraised, field exams are conducted to evaluate the quality of the collateral and underlying collateral controls, and that adjustments are made if any issues arise from those appraisals or exams.
- Prepare detailed written credit analyses and required credit applications, including evaluation of loan purpose and structure, liquidity, asset protection, repayment sources, corporate, regulatory and industry risk, historical and projected operating performance, and capital structure.
- Contribute to the bank's revenue and return growth goals by working closely with coverage RMs, product partners, and ABF origination staff to enhance MUFG's importance to the borrower either through cross sell efforts or pitch to lead presentations.
- Closely monitor troubled credits, recommend and implement the appropriate course of action when borrower financial performance or collateral adequacy becomes an issue, participate in internal meetings to review performance and exposure strategy, and address issues related to bankruptcy and collateral liquidation.
- Manage bank group as agent, including addressing client needs and structuring an appropriate solution, negotiating terms that would be satisfactory to MUFG and the broader bank group, and manage bank group communication.
- Performing the necessary due diligence to provide timely responses to requests for additional credit.
- Ensuring that the internal and regulatory risk ratings for borrowers remain accurate, and recommending adjustments when a material change in the credit profile has become evident.
- Conduct periodic discussions with Agents (when a participant) to get borrower updates, and address amend & extend requests and amendments.
- Assist with the preparation for various internal and external examinations and audits and all compliance and operational aspects of the business.
Requirements:- A Bachelor's degree, ideally with a business major. A CFA Level 1, 2 or 3 or an MBA is a plus.
- A minimum of 5-10 years of relevant corporate banking experience; with specific experience in asset-based lending a plus.
- Ability to manage problem loan and restructuring activities with expertise drawn from experience with bankruptcies and liquidations.
- Ability to negotiate loan documentation independently and extensive working knowledge of secured lending issues, and lien laws.
- Secured lending expertise inclusive of analyzing projections for purposes of determining working capital fluctuations and liquidity, applicable federal banking regulations, collateral analysis, foreign collateral issues, intercreditor issues, banking services to implement cash dominion, and other bank product details as it relates to overall ABL credit exposure.
- High level legal and negotiation skills.
- Excellent verbal and written communication skills.
- Ability to work effectively and collaboratively with coverage teams, credit officers, sponsor coverage, product partners, legal, etc.
- Financial modeling and analytical skills using MS Word, Excel, and PowerPoint
- Excellent organizational and administrative skills.
- Proactive, organized, self-directed.
The typical base pay range for this role is between $170K to $210K and depending on job-related knowledge, skills, experience and location and 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.
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.
