Manager Management

Andy Kaaz

**** ******** *****, ******, ** *****

(817) 637-

0406

Objective: To obtain a capital markets position, which will allow me to

utilize my prior commercial and municipal credit experience.

Summary:

Rating of municipal bonds for cities, counties, school

districts, hospitals, and special districts, and presentation

of the recommendation to a credit committee.

Experience handling analysis of potential acquisitions, and the

due diligence required to complete acquisition transactions.

Handled financial reporting and analysis for Senior Debt

products in the Capital Markets environment.

Responsible for the management of the loan trading financials

including examining trade tickets, calculating gains/losses,

forecasting and planning for the product group.

Managed the structuring, underwriting, and analysis of

commercial credit deals in the Western U.S. at Merrill Lynch.

Skills:

Analyzing industry & financial Analysis of tax-exempt debt.

trends.

Analyze pricing on bank debt and Forecasting and planning.

bonds.

Rating of municipal bonds. Writing press releases and

research reports

Experience analyzing net Financial modeling and bus. case

interest income analysis.

Healthcare Public Fin. & Excel, Word, and Access computer

reimbursement. skills.

Professional Experience:

Fitch Ratings, Austin, TX (September 2007 -September 2009)

Tax-Supported Debt

Director- Public Finance

Prepared committee presentations for tax supported bond issuances

for various municipalities including: cities, counties, school

districts (including Texas PSF), public hospitals, special

districts, water and sewer, and public power. Assigned bond

ratings for municipal bond securities, and presented analysis to

rating committees via conference call.

Attended issuer/bank meetings for new municipal bond issuances for

various municipalities, and prepared questions for these meetings.

Handled surveillance of existing bond ratings for municipalities

via conference calls with city, school district, or county

management. Presented bond rating recommendations to rating

committees.

Completed press releases and research reports for new issuances of

municipal securities. These reports provided written analysis of

rating decisions by the rating committee.

Analysis of bond indentures, official statements, bond debt

pro-formas, tax rate impacts, and tax limitations in various

states.

Attended various GFOA conferences

Horizon Health, Lewisville, TX (November 2003-June 1, 2007-acquired

by another company).

Acquisitions & Development

Manager- Acquisitions & Development/Strategic Analysis

Prepared write-ups on potential acquisitions for Senior Management

including modeling of the transaction. Analysis included

determination of the following: EPS accretion, cash flow, pay-back

period, and net present value calculations. Analyzed various deal

structures including: Cash/Stock versus Earn-out structures.

Profiled hospitals based on programs, beds, competitor locations,

and ownership history.

Professional Experience (Continued):

Summarized quarterly earnings conference calls on competitors for

senior management. The summaries included analysis of earnings per

share, strategic issues, balance sheet, and stock/bond price

changes for the quarter. Ratios and stock price performances were

then analyzed by sector.

Responsible for providing support for acquisition field audits.

Process included preparation of check-lists for requested versus

received due diligence items; and providing necessary on-site

support to finance, legal, tax, human resources, and IT

departments. Follow-up on outstanding issues, and coordinated

meetings between target company and the due diligence team. Review

and preparation of closing schedules with the legal department.

Responsible for many investor relations functions including:

contacting analysts for copies of new research reports on the

company, assisting in preparation of institutional investor

presentations, providing EPS and revenue forecasts by analyst for

senior management, and handling and monitoring issues with First

Call in Boston. Also, provided research to senior management of

industry and market sizes for investor presentations.

FleetBoston Financial Corporation, Boston, MA (June 2000-July

2003).

Debt Capital Markets

Senior Business Analyst

Responsible for all monthly reporting, commentary, and analysis of

financial results for Senior Debt Capital Markets. Handled the

month end close, GAAP entries, incentive programs, expense

analysis, and account reconciliations. Products included

Syndications, Loan Trading, Credit Derivatives, Private Placements,

and Asset Securitizations.

Provided daily gain/loss calculations and the booking of income for

debt sales for loans in the primary syndication, the secondary

trading portfolio, and the business line debt sales. Produced

monthly analysis of loan trading results for the group director and

handled all income/expense issues that occurred.

Reviewed monthly hedge reports for Credit Derivatives and produced

entries for the FASB 133 entry and the monthly income pass-backs to

the lines of business. These included both fair value and cash

flow hedges. Derivatives included Total Rate of Return Swaps and

Credit Default Swaps.

Sprint Corporation, Overland Park, KS (March 1998-June 2000).

Long Distance International

Sr. Financial Analyst

Handled financial and economic analysis including revenue forecasts,

network cost estimates, network capital calculations, and a

calculation of a project's return on capital.

Performed financial modeling for International Telecommunications

projects.

Published a monthly international business composite report for

executive management, which reported revenue, minutes, and yield at

the country and customer level.

Responsible for calculation of price floors for international calls.

Merrill Lynch & Co., Chicago, IL (August 1995- January 1998).

Regional Credit Manager-Western United States

Structured commercial credit deals (Lines of credit, term loans,

LBO's, and ESOP's).

Performed cash flow, financial statement, industry, and collateral

analysis.

Deal types included: Oil and gas firms, high technology,

biomedical, and retail.

Credit authority of $500,000 and decline authority of $1 million.

Education:

DePaul University, Kellstadt Graduate School of Business evening

program

Chicago, IL, M.B.A. (Finance) 1996-1999.

Graduated with "Distinction" on February 1, 1999.

Grade point average- 3.90 (4.0 Scale).

Selected for Seminar in Applied Security Analysis and Portfolio

Management (5 graduate and 5 undergraduate business school

student selected by a NASDAQ board member to manage an

investment portfolio for the University).

The University of Michigan, College of Literature, Science, and

Arts

Ann Arbor, MI, B.A. (Economics) 1988-1991.

18 credit hours of accounting coursework.

Member of the University of Michigan Economics Society.

Community & University Honors and Activities:

Delta Mu Delta National Business School Honor Society.

Passed Level 1 of the Chartered Financial Analyst Exam.

Interests include tennis, running, and golf.

References are available upon request.

Contact this candidate