Address
Form of work- Our client is currently seeking a Vice President to be a key member of our Portfolio Management / Special Assets team to support Portfolio Management and investment recovery efforts on distressed investments. The position is located in Chicago or New York.
- Active supporting role to Managing Director of Special Assets on distressed investments and Director of Portfolio Management on Watchlist rated credits
- Analyze financial and operating performance of Watchlist-rated and distressed investments and identify available alternatives as well as key drivers of value and liquidity that impact recoveries on debt/equity investments
- Negotiate and carry out amendments, waivers, consents, and any other legal documents pertaining to existing investments
- Prepare/review/affirm quarterly valuations, identify key risks, and determine appropriate risk ratings on assigned Watchlist credits
- Prepare and present memorandums to senior managers and CCO that outline available alternatives and include a well-reasoned recommendation that includes a clearly defined Action Plan designed to mitigate risk and maximize recoveries
- Structure, negotiate, and implement in-court and out-of-court restructuring transactions
- Monitor and maintain active dialogue with portfolio companies on assigned portfolio matters
- Collaborate with external counsel / advisors and internal teams
Requirements
Education, Experience, and Qualifications/Certifications:
- Bachelor’s degree from a four-year accredited University, with at least 6 years of banking experience, or an MBA with at least 4 years of banking experience, ideally in a restructuring or workout group
Skills, Knowledge and Abilities:
- Strong analytical capabilities and direct experience working with/on projects related to
- Watchlist-rated and
- distressed investments undergoing in or out-of-court restructurings
- Familiarity with bankruptcy or similar legal processes (Ch 7, Ch 11, ABC, Article 9)
- Ability to provide analytical support to Senior Managers in connection with
- (i) identifying credit issues within the investment portfolio, including flaws in documentation, and
- (ii) designing and implementing strategic alternatives for maximizing recoveries on distressed investments
- Strong understanding of core credit and restructuring related legal documents (credit agreements, intercreditor agreements, restructuring support agreement, shareholder agreements, etc.)
- Strong written and verbal communication skills as the candidate will be responsible for presenting to Executive committees.
- The Candidate will also represent our client when dealing directly with clients, lender participants, third party service providers (attorneys, turnaround consultants)
- Familiarity with and ability to oversee loan operations functions for assigned distressed portfolio (
- loan fundings, application of collections, accurate implementation of amendment term changes, for Agented and non-Agented roles)
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