MUFG Union Bank Credit Associate I - Irvine, California in Irvine, California
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. At Union Bank, we aim to be the premier and most-trusted West Coast bank, serving customers with high-touch, local delivery and global capabilities as we leverage our rich, 150-year history. This is all part of our inclusive, high-performing culture supported by competitive Total Rewards, including our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
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, Commercial Finance, Business Banking, Retail, and Transaction Banking.
Credit Associates perform work:
Primarily spread-sheeting - within this high volume work environment. The Credit Associate position is entry-level and seeks to build basic credit experience through the performance of repetitive tasks for the above portfolios. The work performed by the Credit Associates for the Credit Executives, may provide coaching, mentoring and positive feedback about work quality. Credit Associates who have displayed 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
Spread-sheeting of prospect and borrower financials in Risk Analyst ("RA") and Excel
Spread-sheeting of prospect and existing guarantor personal financial documents and tax returns in RA and Excel
Spread-sheeting 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:
- Pre-requisites for the Bank's Commercial Credit Training Program, including Commercial Credit for Lenders and Intermediate Accounting.
Special projects and Peer training:
- Provide support to various CCSG special projects as requested or necessary, including additional peer training responsibilities.
Projects for Credit Executives:
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 required, preferably with business related major (Accounting, Economics or Finance major preferred).
Minimum cumulative GPA of 3.0 or higher required.
Strong communication skills and analytical abilities; strong organization, time management and computer skills required; knowledge of MS Word, Excel and Internet proficiency.
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: 10029533-WD