Vice President - Leveraged Finance Portfolio Management

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Overview of the Department/Section

The Leveraged Finance group is responsible for the origination, structuring and execution of LBOs with financial sponsors, including syndicated, direct lending and mid-market transactions, and other relevant sponsor financings, and for working alongside relationship managers and other coverage functions within the bank in analysing and executing leveraged corporates. This role is for a Vice President within the Leveraged Finance Portfolio Management team, which is responsible for the monitoring and management of the leveraged loan exposures originated by the group and also for analysing and monitoring Securitised Products and Supply Chain Finance solutions provided to the portfolio companies of Private Equity Sponsor clients.

Number of Direct Reports

None

Main Purpose of the Role 

• Ongoing monitoring and management of a selection of non-investment grade financings originated by Leveraged Finance and Securitised Products and Supply Chain Finance
• To conduct credit analysis on the existing portfolio for internal reporting, ensuring portfolio adherence to internal and external covenants and requirements
• To identify and execute refinancing and cross-sell opportunities with portfolio borrowers in conjunction with LF Origination, PE Sponsor Coverage, Capital Markets, Corporate Relationship Managers and other relevant internal counterparties
• To support and coach more junior team members in undertaking each of the above tasks

Key Responsibilities

• Conduct the monitoring of credit quality for a portfolio of assets via management information and internal and external research sources to ensure covenant compliance and early identification of performance variances to budget and base cases
• Manage the development of relevant credit analysis including sensitivity scenarios and key ratios analysis (including where appropriate credit rating agencies'), and make informed judgements on financial viability and liquidity to advise decision making at senior management level
• Proactively develop, recommend and execute actions relevant to effective LF portfolio risk management, including partial / full asset disposals and portfolio top-ups
• Undertake the timely preparation of high-quality borrower credit reviews, periodic monitoring, financial modelling including sensitivity scenarios and submit analysis, waiver / consent requests and secondary trading proposals to ECRO (Credit)
• Review materials prepared by junior portfolio team members and other account officers, to provide guidance on appropriate actions in accordance with LF procedures. Act as a role model and mentor junior team members to assist in their development.
• Take responsibility for data integrity and, in partnership with the CAD team, assist in preparation of internal portfolio reporting and analysis including materials for the Corporate Credit Review Meeting
• Support Securitised Products and Supply Chain Finance in reviewing potential opportunities, in conducting the credit approval process for potential onboardings and thereafter in monitoring these assets on an ongoing basis as part of LF Portfolio Management duties.
• Work with relevant internal counterparties to mine the existing portfolio to identify refinancing and cross-sell opportunities
• Support all aspects of deal execution as may be required during the development and execution of a mandate for existing portfolio borrowers
• Build relationships throughout MUFG to establish a peer network, gather relevant information and help to ensure effective inter-departmental collaboration
• Build relationships at the appropriate business levels to create and maintain trust with corporate clients and partner banks on transactions
• Support Corporate Relationship Managers to maintain an ongoing dialogue with clients to maximise MUFG's opportunities to win future business.
• Manage non-financial risks related to the client base, e.g. conducting timely ongoing compliance and KYC checks for LF clients in line with internal and external processes and procedures, ad hoc diligence where required (eg cyber / environmental risks)
• Engage with Internal Audit and their regular audit processes to ensure positive outcomes for the Leveraged Finance team
• In partnership with the Special Credit Team, assist in the careful evaluation and management of stressed or distressed portfolio assets.

Work Experience

• Experience working within a banking / advisory or transactional environment
• Understanding of LBO structures and instruments, also securitised products; transaction experience thereof an advantage
• Experience in financial modelling (particularly credit ratings and ideally LBOs)
• Experience in execution of transactions (including credit process) within tight timeframes is advantageous
• Experience in credit analysis and due diligence review
• Transaction experience in EMEA, comfortable working in different cultures and capable of flexing style to accommodate our client base is advantageous
• Client-facing experience an advantage

Skills and Experience

Functional I Technical Competencies:

• Detailed understanding and practical experience of financial modelling
• Understanding of the fundamentals of deal structuring
• Knowledge of banking documentation
• Sound credit skills at an intermediate level
• Negotiation skills with internal partners
• A good team player with excellent interpersonal skills
• Ability to effectively manage tight deadlines and different stakeholders
• Clear communication skills both written and oral
• Knowledge of leveraged debt capital markets and M&A dynamics
• Corporate finance principles / accounting knowledge
• Excellent knowledge of Microsoft Office, particularly Excel and Powerpoint.

Education I Qualifications:

Essential

• Degree level education or equivalent

Preferred:

• Relevant post degree qualification preferred (e.g. CFA or ACA)

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.