MUFG Union Bank Credit Associate I - Commercial Credit Center in Irvine, California
Are you passionate about creating an exceptional client experience?
Discover your opportunity with Union Bank, a division of the Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. At Union Bank, we care about the details that matter most to our clients. We have our clients’ best interest in mind, drawing on more than 150 years of experience to understand their distinct needs and tailor our solutions. We’re part of 180,000 colleagues around the globe striving to be the world’s most trusted financial group. Trust starts with a culture of putting people first and empowering you to achieve your potential. Join Union Bank, where being inspired is expected and creating results is rewarded.
The Commercial Credit Services Group (CCSG) provides centralized underwriting and portfolio support for the Bank's Middle Market group, and portfolio support for the Private Bank, Corporate Markets, Business Banking, and Retail groups. Credit Associates perform work- primarily spreadsheeting - within this high-volume work environment. The Credit Associate position is entry-level and aims to build basic credit experience through the performance of repetitive tasks for the above portfolios. Work performed by the Credit Associates is reviewed and used by Credit Executives, who may provide coaching, mentoring and constructive feedback about work quality. Credit Associates who have demonstrated satisfactory job performance and have successfully completed all training classes required for entry to the Bank's Commercial Credit Training Program are eligible to interview for sponsorship positions within the Commercial Banking or specialized lending groups.
- Analytical and Loan Management support: 80%
Spreadsheeting of prospect and borrower financials in Risk Analyst ("RA") and Excel
Spreadsheeting of prospect and existing guarantor personal financial statements and tax returns in RA and Excel
Spreadsheeting of projections in RA
Monitor financial covenants and/or liquidity, for compliance with terms of credit agreements
Monitor collateral eligibility for credits with borrowing base structures
Prepare trend cards - Necessary follow-up and communication with CE's and RM's
- Attend training classes and perform required certifications: 10%
- Pre-requisites for the Bank's Commercial Credit Training Program, including Commercial Credit for Lenders and Intermediate Accounting.
- Special projects and Peer training: 5%
- Provide support to various CCSG special projects as requested or necessary, including additional peer training responsibilities.
- Projects for Credit Executives: 5%
Partial / Full credit and financial analysis of borrowers, guarantors and vendor
Preparation of Administrative Action reports and full CRS drafts
Draft Problem Loan and Watchlist reports
Completion of tasks with turnaround targets / Service Level Agreements
Efficient prioritizing of tasks and workload balancing to achieve high priorities
Bachelor's Degree, preferably with business related major (Accounting, Economics or Finance major preferred).
Minimum cumulative GPA of 3.0 required.
Interpersonal and analytical abilities; strong organization, time management and computer skills required; knowledge of MS Word, Excel and Internet proficiency.
GEOGRAPHIC LOCATION: Irvine
The above statements are intended to describe the general nature and level of the 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 / Affirmative Action 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 in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
Primary Location: CALIFORNIA-Irvine
Schedule Full Time
Req ID: 10035493-WD