MUFG Union Bank Portfolio Services Officer, Leasing & Asset Finance, Associate in Los Angeles, California
Join a financial group that’s as committed to your future as you are. At MUFG, we share a vision for our future, we share our successes, and we strive to bring out the best in each other in everything we do. Our 14,000 diverse colleagues are connected by a common ambition to create change for the better—from forging more dynamic career paths, to driving progress in our communities, to continuously reshaping the standards of global financial services. Positive impact starts here; see the change you can make as we strive to become the world’s most trusted financial group.
Coordinate with the client, the bank group, the branch and internal stakeholders such as Portfolio Management, Funding Desk, and Accounting Operations to support Leasing & Asset Finance’s (“L&AF”) agented transactions from an operational perspective.
- For certain transactions where the bank acts as agent for syndicated lenders and/or BTMU NY/Tokyo and in close coordination with internal stakeholders such as the portfolio manager, funding desk, branch, operations, be responsible for the following:
o Perform/coordinate funding activities including internal borrowings upon deal closing and at times, on a monthly basis;
o Perform preparation and distribution of monthly invoices, roll-over notices and rate-setting notices;
o Perform /coordinate lease, loan and other payment receipts/distributions;
o Perform/coordinate casualty payment/early buyout options and termination payment applications;
o Set up and maintain UCC Filings and ensure renewals are performed on a timely basis;
o Monitor insurance on the transaction and ensure renewals are performed on a timely basis;
o Additional agented activities as appropriate;
- For the entire portfolio, be responsible for the following:
o Initial set up of UCC filings for each transaction [in iLien] and ensure UCC renewals are performed on a timely basis;
o Initial set up of Insurance policy information and ensure renewals are performed on a timely basis;
o Maintain document deficiency reporting;
o Additional activities as appropriate.
Additional activities and special projects as appropriate to the role.
4-7 years of financial institution experience or the equivalent in credit and/or operational functions supporting multi-lender transactions (preferably 2-5 years in leasing, project finance and/or structured finance products)
Knowledgeable about loan documentation or the equivalent
Strong critical thinking abilities, business writing and oral communication skills
Proactive and positive approach to problem resolution
Well-organized, self-starter and capable of working with minimal supervision
Strong attention to detail
Ability to work in a demanding process-oriented environment
Ability to identify issues and communicate status to management
Proficiency in Microsoft products including Word, Excel, PowerPoint and Outlook
Bachelor’s Degree in Finance/Business or the equivalent. CPA or MBA considered if less than 5 years of experience.
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.
Job: *Corporate Banking / Relationship Management
Title: Portfolio Services Officer, Leasing & Asset Finance, Associate
Location: CALIFORNIA-Los Angeles
Requisition ID: 10010359-WD