Workout Loan Group/ Special Assets (SGA)
Hey,
I am working at a DCM role. I found this job at MUFG with the title Special Assets for an analyst role. Wondered how comp is and how your opinions on this role and the type of exits I will get. Would I be able to transfer to an RX firm or a distressed fund. Would I get good experience. Or is this more like a risk position?
Would appreciate anyone’s help as I am really unsure
Here are the requirements for the role ( sorry it’s lengthy but I thought it would add some color)
Support Senior Loan Workout Specialists who are responsible for managing challenged loan exposures.
Analyze Borrowers' and Guarantors' financial statements (including KPIs and 13-week cash flow reporting) and develop financial models with Senior Workout Specialists to: (i) measure and monitor operating and financial performance; (ii) adherence to financial covenants; (iii) determine ability to make debt service payments; (iv) analyze reason(s) for default/financial distress; (v) determine ability to turnaround operations to realize improved financial performance; and (vi) assess repayment ability and enterprise valuations under various restructuring scenarios.
Use aforementioned analysis / models to prepare timely borrower rating recommendations and maintain proper accrual status on SAD managed accounts with Senior Loan Workout Specialists.
Regularly prepare and submit reports to immediate supervisor, Division Manager, and others within Credit Risk Administration about actual/forecasted borrower rating changes that could impact capital charges or require a charge-off, as well as on matters that could impact deal/portfolio performance.
Assist in developing, documenting and implementing detailed action plans and workout strategies, including potential remedies, options, including legal actions challenged credits in our portfolio, and provide periodic status reports to senior management.
Assist in developing valuation models and written recommendations of action plans for challenged deals, including: (i) to hold a loan because of high likelihood for refinancing or repayment; (ii) various strategies for restructuring loans; or (iii) rationale for selling a loan to with the overriding goal being to optimize MUFG's position and loan recoveries.
Prepare and present written quarterly updates, analyses and remediation strategy recommendations to immediate supervisor, Division Manager, Bank Officers, and Committees.
Keep abreast of business and market trends that may affect deal/portfolio performance.
Comply with corporate policies, especially for loan provision and charge-off planning. Adhere to applicable compliance/operational risk controls in accordance with regulatory and Americas Risk Management standards and policies. Identify risk-related issues needing escalation to management.
Avoid lender liability issues and contain legal/professional expenses by holding parties accountable.
Complete other related duties and participate in special projects, forecasting, and reporting, as needed.
Review key terms and conditions of loan documentation for SAD managed accounts
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