Loan Workout (Corporate) - Director

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance.

The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc.

SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE : SMFG) stock exchanges.

Please read the following job description thoroughly to ensure you are the right fit for this role before applying.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients.

It connects a diverse client base to local markets and the organization's extensive global network.

The anticipated salary range for this role is between $180,000.00 and $220,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire.

The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

SMBC's Special Credit Group is looking for a Director to join the Leveraged Finance team. The person will monitor and manage a portfolio of assigned distressed Leveraged Finance credits and assist in the turnaround or exit of distressed credit relationships through proactive account management and restructuring efforts.

Incumbent is also responsible for reserves reporting and account related admin matters.

Role Objectives : Delivery

• Continuously monitor and manage existing transactions, such as analyze financial statements (including 13-week cash flow reporting) and develop financial models 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;

assign borrower rating, detailed action plans, exposure management strategies and account related admin duties.

• Review and process waivers and amendments, leading the preparation of credit applications, managing the credit process with the Credit Department and back office, performing any due diligence activities, and negotiating documentation.
• Keep abreast of business and market trends that may affect deal / portfolio performance.
• Prepare periodic reports and information pertaining to the account for senior management. Pro-actively escalate credit risk, loss events to management if applicable.
• On a quarterly basis analyze and report reserve / write-off calculations complying with both US GAAP and JGAAP, assign proper accrual / non-accrual status, and handle credit cost forecasts.
• Prepare materials for regulator examinations, external and internal audits.

Experience and Education

Work Experience :

• 9+ years' experience in leveraged finance or corporate finance credit underwriting or portfolio management at the financial institution or the turnaround consulting firm.
• Experience in negotiating term sheets and finance documentations.

Education :

• Required : BA / BS in Finance, Accounting, Business Administration, or a related field.
• Preferred : MA / MS / MBA.
• Formal credit training preferred.
• Workout experience preferred.

Qualifications and Skills

• Deep understanding of Leveraged Finance, Corporate Finance, loan sales & syndication.
• Proven analytical and financial modeling skills and experience with review and negotiation of loan documentations.
• Proven credit analysis skills and track record; ability to efficiently analyze information to quickly identify the key risk factors and to identify solutions.
• Knowledge in regulatory framework in region and fully versed in internal policies and procedures.
• Excellent communication and presentation skills both written and verbal; proven ability to present and negotiate externally with clients and key industry contacts and internally with senior management and other departments.
• Ability to build and maintain a strong network of relationships across the Bank to support and facilitate communication and / or execution of restructuring transactions.
• Demonstrates a high degree of attention to detail and an ability to complete work accurately and in a timely manner against strict deadlines.
• Self-driven and motivated; takes personal ownership of specific assignments.
• Demonstrates leadership ability to lead an amendment or a restructuring, and can provide mentorship, guidance, training to junior colleagues on the team.

Additional Requirements

• Ensure compliance of all internal and external matters in accordance with banking regulations, bank policy and best practices.
• Provide mentorship and guidance to deal team members and give guidance and feedback. Help train junior members of team.
• Undertake ad hoc tasks and projects as required and assigned.

D&I Commitment : Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

SMBC's employees participate in a hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office.

SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at [email protected].

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