MUFG Agency Operations - Letter of Credit Analyst - Hybrid/ NJ or AZ in Tempe, Arizona
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Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we’re 160,000 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.
This is a hybrid position. The recruiter will provide additional details.
The Letter of Credit Analyst will be responsible for supporting the Agency Servicing Team within MUFG Bank, and will play a key role in mitigating risk within the function. This includes daily monitoring and operation on Lead Agency Loan deals. The role will report directly into the Assistant Vice President, who oversees Letter of Credit operations for the Agency function in the US.
Day to day Standby Letter of Credit and Trade Finance Letter of Credit operational handling and processing including Assignment & Acceptance of the deal.
Able to work in a team with members both in the US and overseas.
Liaison between Agency Servicing team, Syndications, Middle Office and Trading Service Operations team on Letters of Credits management.
Liaison between MUFG and member banks on Letter of Credit transactions, communicate and assist clients and investors regarding questions and inquiries on deals agented by MUFG.
Accurately and efficiently process financial and non-financial transactions to loan and LC accounts.
Process wires and the General Ledger inputs to process all Letter of Credit fee payments.
Ensure to manage transactions appropriately, minimizing operational risks and losses, and ensuring compliance with all bank policies and procedures.
Good written and verbal communication skills.
3+ years’ experience in the servicer role of Administrative Agent bank.
Knowledge of Trade Finance and Fronting LC process is a plus.
Comfortable interacting with senior internal and external stakeholders, including the Bank’s Clients, Syndications, Front Office, auditors, regulators, etc.
Knowledge of systems used to manage the Syndicated lending business, ACBS, Loan IQ, and MS Office.
The typical base pay range for this role is between $66K– $77K depending on job-related knowledge, skills, experience and location. 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 (https://careers.mufgamericas.com/sites/default/files/document/2023-01/mb-live-well-work-well.pdf)
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/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 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.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute