Vice President - Underwriting & Portfolio Management - Power & Utilities

About this role

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.

We're seeking a Credit Vice President who will be part of our growing corporate Power & Utilities Portfolio Management team. You will focus on underwriting and portfolio management in the Power & Utilities vertical lending business for investment grade & non-investment grade, leverage finance, and sponsor-based clients.

As a Vice President, you will be responsible for active credit management of a designated portfolio utilizing solid credit and analytical skills, providing continuous oversight of portfolio names, monitoring for potential risk and regulatory rating changes and proactively identifying credit deterioration with the goal of maximizing net income and reducing credit costs.

Responsibilities:

• Evaluate prospects and analyze structure of complex financing transactions for new and existing clients within the Power & Utilities vertical
• Underwrite new bank debt transactions according to established policies and guidelines for non-investment grade clients and prospects
• Manage a portfolio of corporate clients, including periodic reviews and communication of account information across various constituencies throughout the organization
• Prepare cash flow projections to assess the debt repayment capacity of borrowers
• Review loan documentation and facilitate the closing of transactions
• Coordinate the deal process with credit partners in CDA (Credit Division of the Americas), relationship managers in GRM (Global Relationship Management), and various product partners
• Train and guide the junior members of the team

Active portfolio management of designated customers:

• Responsible for the management of a portfolio in the Power & Utilities vertical, including regulated electric and gas utilities, independent power producers, project developers and renewable energy holdings companies
• Perform due diligence and regularly scheduled reviews
• Analyze credit risk of the designated portfolio, determine accurate ratings and make recommendations of accurate and timely ratings to management
• Prepare detailed credit analysis and credit applications in accordance with Policy, Credit Rules for Overseas Offices and company's Procedure Manual, evaluating the borrower’s industry/business/legal/financial risks and recommending extensions of credit to management
• Coordinate and communicate critical account information independently and directly to various related parties throughout the bank, business line, product groups and credit divisions
• Maintain direct communication with assigned customers

Deal Support:

• Work with business lines/product groups to identify prospective transactions
• Identify structural risks and mitigate in prospective transactions and recommend/enhance structuring of deals and covenant in line with policies and procedures
• Advise account officers on credit risk issues/terms and conditions to create a best possible deal with a goal of maximizing profit and minimizing credit cost
• Directly and independently communicate with credit division and ensure it is provided with all related information/analysis pertinent to making a decision with little support from management

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 analysts on OJT basis as assigned by MD or Director/Team Leader
• Guide junior analysts in completing complex assignments
• Study, develop and enhance analytical skills of the team through close communication

Skills & Experience:

• Bachelor’s degree, CFA is an asset, an MBA and/or degree in Finance, Accounting, or Economics preferred but not required
• 5+ years of corporate lending experience
• Understanding of the power and utility sector, ESG trends or other related work experience is preferred
• Strong credit skills and extensive financial modeling skills
• Knowledge of standard bank products including loans, letters of credit, derivatives, foreign exchange, securitization and leasing
• Strong written, verbal and interpersonal skills
• The ability to manage multiple priorities
• Effective communication skills and ability to work with senior credit officers, business partners, and clients
• Completion of formal credit training program is a decisive asset

The typical base pay range for this role is between $170K - $190K depending on job-related knowledge, skills, experience and location. This role will be eligible for certain 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.