Vice President Financial
Resume:
MICHAEL J. STORMS
BERNARDSVILLE, NJ 07924
***********@*******.***
SUMMARY A financial professional, with more than ten years experience
managing investments in the leveraged loan, high yield and distressed
debt asset classes. Responsible for hundreds of new money investments
funding M&A activity, leveraged recapitalizations and syndicated loans,
across a spectrum of industries. Consistently made timely and
actionable recommendations for existing portfolio positions. Extensive
history of actively negotiating with borrowers and other lenders to
attain favorable outcomes in many contentious restructurings and
amendments. Excellent organization, presentation and interpersonal
skills with experience mentoring and recruiting junior bankers. Earned
a double major from NYU's Stern School of Business while interning
+25hrs a week. Credit trained by JPMorganChase and studied distressed
investing with Edward Altman.
EXPERIENCE MIZUHO ALTERNATIVE INVESTMENTS, LLC, NEW YORK, NY 2005-PRESENT
VICE PRESIDENT, LEVERAGED FINANCE
. Managed a $250MM portfolio of 40 leveraged loans in the Automotive,
Chemical, Finance, Paper, and Software Industries.
. Managed largest dollar volume of stressed and distressed leveraged
loans amongst all four CLO's.
. Led multiple ad hoc lender groups for better terms in requested
amendments and restructurings.
. Joined senior creditor committee or remained in close contact with co-
lenders for multiple restructurings.
. Valued credit worthiness of hundreds of deals based on company &
industry fundamentals, financial analysis, and deal structure.
. Diligently tracked portfolio news, legal issues and financial
performance with buy, sell, and hold decisions as a daily focus.
. Recruited two junior associates and mentored several associates to
increase their understanding of the leveraged loan markets.
. Created a useful summary tear sheet for tracking performance of each
name on a quarterly basis.
CERBERUS CAPITAL MANAGEMENT, L.P., NEW YORK, NY 2004 - 2005
ASSISTANT VICE PRESIDENT, LEVERAGED FINANCE & DISTRESSED DEBT
. Managed a $100MM portfolio of 15 predominately second lien senior bank
loans in a broad range of industries.
. Investigated the credit worthiness of proposed customers by analyzing
financial statements, maintaining extensive discussions with borrowers
regarding business climate and ultimately identifying risks &
strengths.
. Accounted for borrower's weekly cash position & revolver availability,
monthly financial performance vs. projection.
. Monitored borrower's monthly profitability, compliance with loan
conditions and secondary loan market.
. Intensely analyzed operational issues and pending bankruptcy or legal
issues with borrowers, and lawyers.
. Reported weekly on all events impacting each borrower to the senior
credit committee.
NATEXIS BANQUES POPULAIRES, NEW YORK, NY 2001- 2004
ASSOCIATE, DISTRESSED DEBT & LEVERAGED FINANCE
. Conducted detailed analysis supporting the credit worthiness of new
money investments for borrowers in the primary and secondary
syndicated leveraged loan market.
. Co-managed a portfolio of 30 leveraged loans, conducted quarterly
diligence reviews, amended credit agreements, and coordinated with
management, syndicate lenders and lawyers on the reorganization of
distressed borrowers.
. Created detailed projections and financial analysis for reporting the
performance of portfolio borrowers.
. Determined borrowers' value using a going concern cash flow model,
comparable enterprise multiples, and liquidation analysis.
. Took the initiative in creating a one page Buy/Sell/Hold quarterly
review format for the Group.
JPMORGAN CHASE & CO., NEW YORK, NY 1999 - 2001
CREDIT ANALYST, CORPORATE BANKING
. Performed due diligence for corporate loans, evaluated credit risks,
investigated economic trends, summarized industry risks, conducted
financial statement analysis, analyzed corporate tax returns,
performed collateral analysis, reviewed UCC fillings and agency
reports, projected financial conditions, modeled projected capital
structure, and recommended required covenants.
. Analyzed existing clients through a comprehensive quantitative
analysis of quarterly and annual financial statements, recent
developments and compliance with loan covenants.
. Supervised two junior credit analysts in the design, construction and
implementation of a covenant compliance system.
INTERNSHIPS J.P. MORGAN & CO., NEW YORK, NY 1999 - 1999
JUNIOR ANALYST, INVESTMENT BANKING
. Ensured the accuracy of numerous investment banking and M&A pitch
books.
. Adhered to the company's strict requirements regarding grammar and
format.
MERRILL LYNCH, NEW YORK, NY 1997 - 1998
JUNIOR ANALYST, EQUITY RESEARCH
. Produced a daily report, which summarized economic, political and
equity research in Latin America.
. Collected and confirmed news, research and the level of market indices,
interest rates, & ADR prices on Bloomberg.
EDUCATION NEWYORK UNIVERSITY, STERN SCHOOL OF BUSINESS 1999
B.S., FINANCE & ECONOMICS WITH A MINOR IN PHILOSOPHY
HONORS: Dean's List; Economics Honor Society; Business Honor Society.
SENIOR PROJECT: Equity research report supported by 130 pages of
written analysis on: industry, management, financial performance,
business risks. Projected valuation using discounted CF, FCFE,
Enterprise Valuation, and Relative Valuation.
NYU EXECUTIVE PROGRAM for distressed debt, leveraged finance and high
yield bonds with E. Altman, sponsored by Natexis.
CREDIT TRAINED in JP Morgan Chase's distinguished 16 week program of
graduate level courses in: intermediate financial accounting, credit
risk analysis, financial modeling, corporate finance, macro economics,
debt structuring, and legal issues.
Contact this candidate