Description
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.
Job Summary
Perform basic to moderate functions related to review and boarding of documents prepared by outside counsel in accordance with credit approval, policy, and procedures of Bank. Ability to manage assignments with limited supervision. Documentation review requires extensive knowledge of documentation for credits where the Bank is the sole lender, agent of a syndication, or member. Loan boarding requires the ability to review, advise, and address issues with tight time constraints. Responsible for prevention and management of risk to the Bank by accurately reviewing documents prepared by outside counsel, ensuring the Bank's security interests, verifying insurance coverage as well as ensuring compliance with state and federal laws and regulations.
Major Responsibilities: DOCUMENT REVIEW FUNCTION: Review loan documents to determine that Bank is in receipt of documents prepared by outside counsel as required by Bank policy. Review of the final credit agreement to draft credit agreement to insure boarding instructions are correct. Extensive knowledge of documentation, requiring review of different collateral documentation consisting, but not limited to security agreements, pledge agreements, mortgages, etc. Ability to review and interpret documentation for specialty type transactions such as, oil and gas, communications, entertainment, retailing, etc. Review of organizational documents to determine signature requirements and signing authority for corporations, limited liability companies, limited liability partnerships, trusts, and others types of entities. Review documentation for compliance with regulations including but not limited to Regulations O, U, and H Ability to determine if CRA information is required. Ability to review and interpret UCC financing statement search reports, patent and trademarks search reports, title policies, etc. Closely work with outside counsel to insure documentation is complete and outside counsel has complied with Bank policy. Ensure that documentation for the transaction is correct, complete and that all legal issues have been addressed. Contact outside counsel and account officer to resolve issues pertaining to missing or incomplete documents and enter notations on documentation deficiency tracking system. Follow-up on a continuous basis with outside counsel on outstanding documentation issues. Keep account officers and supervisor informed. Prepare letters and memos. Ensure documents are reviewed in a timely manner. Prepare collateral instructions for Commercial Loan Operations. Deliver evidence of debt and possessory collateral to designated area or custodians. LOAN BOARDING FUNCTION: Responsible for the review and interpretation of draft credit agreements and/or other documents for compliance with credit approval, Bank policy and to determine loan structure, sublimits, and terms of the credit facilities for booking. Ability to work with account officer and outside counsel to resolve issues pertaining to discrepancies, missing, or incomplete information related to the credit agreement, other loan documents, closing index and/or credit approval. Ability to ascertain Bank’s role in the transaction to determine Bank’s responsibility, i.e. agent, letter of credit issuer, collateral agent, member. Ability to advise counsel of Bank policy and regulatory requirements, i.e. Regulation U applies when stock is collateral. Responsible for contacting parties outside the department as required to secure additional information, such as, insurance agent to obtain proper insurance coverage. Knowledge of insurance requirements to different types of collateral. Ability to handle multiple transactions with extremely rigid timeframes. Must be able to meet scheduled deadlines for review and booking credits while communicating with all parties involved in the transaction including supervisor. Completes the appropriate booking instructions form in a complete and accurate manner for Commercial Loan Operations and/or Trade Services Operations. Familiar with collateral codes and various AFS codes needed to board loan. Set-up documentation deficiency tickler for receipt of documents. Prepare loan documentation file folder. FOLLOW UP FUNCTION: Review incoming mail for return of documents previously identified as missing or deficient. Follow-up on a continuous basis with outside counsel and /or account officer on outstanding documentation issues. Keep account officers and supervisor informed. Maintain documentation deficiency system, updating and deleting information, producing and distributing reports. Additional Information: Expected to resolve questions or problems through research, using manuals, reference materials, and other internal resources. Team Leader or Supervisor is available to provide direction.
Qualifications
We are committed to leveraging the diverse backgrounds, perspectives and experiences of our workforce to create opportunities for our people and our business. Equal Opportunity Employer Minority/Female/Disability/Veterans.