Associate - Asset Based Lending Underwriting

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 150,000 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.

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

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.