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Accounting Analyst for Commercial Lending, Analyst

Company: MUFG
Location: Tempe
Posted on: November 11, 2019

Job Description:

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we?re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that?s working to fulfill its vision to be the world?s most trusted financial group. Job Summary The Commercial Lending Accounting Analyst will join a growing team in the Phoenix area and will report to the Commercial Lending Business Unit Controller, within the Controllers & Tax Services (CTS) group. CTS reports to the CFO. Tailored to rising professionals, MUFG focuses on dynamic teams and a continuously improving environment. Many opportunities are available to develop practical skills, access training to remain apprised of current industry standards and trends, and connect with colleagues in other departments. You will be focused primarily on accounting and reporting processes for a $40+ billion Commercial Lending portfolio, but will also be responsible for communicating across the controllership team as an advisor to the Commercial Lending businesses. You will become a subject matter expert on accounting for Commercial Lending products by participating in training sessions, departmental meetings, and by demonstrating initiative to improve processes. You will develop partnerships with internal partners across the business lines (and other finance, risk, operations functions), and build relationships with mentors and other colleagues within CTS. Internal business line partners regard Analysts as vital resources for decision-making and conveying process-level knowledge of assigned accounting processes. In time, analysts will enjoy opportunities to explore other roles and build a broad knowledge of many different products and businesses. Major Responsibilities Month-End / Quarter-End Close and Financial Reporting

  • Conduct research, provide explanations, and prepare roll-forward analyses for Commercial Lending portfolio activity
  • Coordinate information requests
  • Generate insightful information for internal and external partners (which include auditors and regulators)
  • Perform period-end consolidation accounting for special purpose variable interest entities (VIEs) that provide low income housing tax credits
  • Coordinate and/or record GL entries
  • Assist with the Community Development Finance investment impairment valuation assessment by reviewing NPV and other relevant calculations
  • Prepare equity method investments financial statement summary (and other reporting) for low income affordable housing projects
  • Perform loan syndication accounting
  • Summarize loans held-for-sale activities, prepare valuation assessments (and charge-off recommendations) and roll-forward analyses Business Advisory Projects
  • Advise business units and controllers staff on accounting and reporting matters
  • Build and maintain strong partnerships across the Commercial Lending business units and other internal functions
  • Provide support and guidance to Commercial loan operations as needed on unusual or complicated transactions
  • Develop expert knowledge of Commercial loan systems to perform ad-hoc research on loan related matters
  • Enthusiastically seek technology solutions to improve process workflows and accounting oversight
  • Lead controllers? efforts on projects.Qualifications:Qualifications
  • Education: Accounting or finance degree (BA, BS, and/or Masters)
  • CPAs (or CPA-eligible) preferred, but not required
  • Experience: 0 to 4 years, which may include accounting and/or financial services internships or prior full-time work experience
  • Commercial lending products familiarity
  • Interest income recognition
  • Syndicated loans market and accounting
  • Commercial real estate and construction loans
  • Asset-based financing
  • Bring a positive, collaborative attitude, in an effort to:
  • Build cross-functional partnerships
  • Communicate effectively (both verbally and in writing) with various levels of management
  • Contribute constructively to the development of the group?s culture
  • Improve processes by applying practical judgment
  • Create solutions when requirements are ambiguous or subject to change
  • Work independently, with strong attention to detail, in order to:
  • Prepare various monthly, quarterly, and annual deliverables
  • Demonstrate an ownership mentality by being responsible and accountable for quality and timeliness of assigned tasks
  • Prior experience using Microsoft Office products including Excel, Access, Word, and PowerPointThe above statements are intended to describe the general nature and level of the work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.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.A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions.?Additionally, it?s the bank?s policy to only inquire into a candidate?s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

Keywords: MUFG, Phoenix , Accounting Analyst for Commercial Lending, Analyst, Professions , Tempe, Arizona

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