Manager Management

Christopher Smith

***** ********* ***** *****, *******, Texas 77095

Phone: (281) 793 - 5463 E-mail: **********@****.***

Special Qualifications:

. Seasoned credit risk management professional.

. Strong financial analysis/reporting, and modeling skill set with

exposure to various financial structures.

. Excellent communication (verbal and written), negotiation, and

interpersonal skills.

. Strong managerial skills - managed a staff of up to twelve credit

professionals.

Employment History/Achievements:

Credit Risk Manager: Consolidated Edison Energy Inc., Valhalla, NY (Sept.

2011 to present)

. Manage and participate in the full realm of activities comprising the

credit risk management function including the underwriting and

margining processes.

. Created credit underwriting templates used to support credit approval

recommendations at monthly Executive Risk Oversight Committee sessions.

. Actively involved in the negotiation of master contracts (ISDA, NAESB,

and EEI) and long-form confirmations supporting CEE's trading

portfolio.

. Reviewed all credit procedures and processes as a means of developing

efficiencies and ensuring "Best Practices" are being adhered to.

. Financial Analysis / Reporting Function:

. Weekly variance analysis of the portfolio coupled with supporting

commentary/highlights.

. Monthly "Credit Rating Downgrade Analysis" demonstrating the cash

impact to CEI in connection with one notch credit rating

downgrades.

. Quarterly "Credit Reserve Analysis" demonstrating by counterparty

the appropriate credit reserve required to support the portfolio.

. Ongoing review of the portfolio and creation of weekly/monthly

portfolio "Credit Watch List" and associated credit risk management

restrictions.

. Creation of potential exposure models used to evaluate the impact

of commodity price changes on credit exposure, potential collateral

requirements, and CEIs' working capital position.

Credit and Collections Manager; Houston, TX (Temporary Employment May 2010-

August 2011)

. Manage the credit and collection process for an international portfolio

(approximately $85MM to $100MM).

. Active involvement with the collectors and collection supervisors, on

their respective portfolio and associated customers, concerning

collectibility of receivables, implementation of the collection

strategy including drafting payment plans, filing liens, and preparing

accounts to move to an outside collection agency.

. Financial Analysis/Reporting Function: Creation of numerous portfolio

reports that afford the collection team, credit analysts, and executive

management a detailed and summary overview of the health of the

portfolio. Reporting includes, but is not limited to:

. detailed accounts receivable aging portfolio report by collector,

region, and globally;

. monthly DSO portfolio analysis with granularity down to the

customer level; and

. monthly credit reserve recommendation including a detailed variance

analysis down to the customer level.

Credit Risk Manager: Cargill, Incorporated, Minneapolis, MN (April 2008 to

December 31, 2009)

. Primary responsibilities included financial analysis reporting,

managing a credit staff of four professionals, and participating in the

full realm of activities comprising the credit risk management

function.

. Detailed financial analyses on both rated and non-rated entities

supporting the portfolio.

. Researching and evaluating the business and financial risk inherent

in the various industries supporting Cargill's trading portfolio.

. Developing prudent credit risk management strategies needed to

effectively manage the portfolio including developing processes

that improved workflow and resulted in efficiencies.

. Negotiation of ISDA, NAESB, and EEI master contracts with key

commercial customers.

. Financial Analysis / Reporting Function:

. Creation of detailed/summary reports highlighting the portfolio by

various classifications including but not limited to: investment

grade, speculative grade, non-rated/implied internal rating, middle-

market, small commercial and industrial, region, and commodity.

. Ongoing review of the portfolio and creation of priority and watch

lists.

. Creation of company specific projection models to determine a

customer's financial viability and ability to remain in compliance

with its respective financial covenants.

. Creation of potential exposure models used to evaluate the impact

of commodity price changes on credit exposure, potential collateral

requirements, and Cargill's working capital position.

. Special projects, notably, analysis of potential "portfolio

acquisitions" and the impact an acquisition would have on a new and

existing customer's (consolidated) credit exposure, potential

collateral requirements, and Cargill's working capital position.

Vice President: Bank of America, Houston, Texas (August 2006 to November

2007)

. Managed an energy portfolio comprised of Integrated, E&P, Midstream,

and Oil Field Services companies.

. Performed (and mentored to junior members of the team) fundamental

analysis on private and public, and rated and non-rated clientele.

. Engaged in ongoing communication with internal and external business

partners.

. Reviewed and negotiated key operative documents (including but not

limited to Revolver and Term Credit Agreements, Guarantees, etc.),

which encompass the commercial/business, credit/market, and legal terms

associated with a respective transaction.

. Ensured compliance with Bank of America's credit risk management

policies and procedures.

Director of Credit: Bear Energy LP, Houston, TX (January 2006 to August

2006)

. Directed and participated in the full realm of activities comprising

the credit risk management function.

. Analyzed both rated and non-rated entities that supported the initial

base of trading entities for the start-up operation / portfolio.

. Researched and evaluated the inherent business and financial risk

associated with the various industries supporting Bear Energy's trading

portfolio; and negotiated master contracts (ISDA, NAESB, EEI)

supporting transactions associated with the trading and structured

transaction portfolios.

Director of Credit: Coral Energy Holding, L.P., Houston, Texas (July 2000

to January 2006)

. Primary responsibilities included managing and training a credit staff

(10 to 12 professionals) in the following areas of credit risk

management.

. Detailed financial analysis of both rated and non-rated entities.

. Understanding the business and financial risk inherent in the

various industries within Coral's trading portfolio and the

implication these risks may have on the portfolio and specific

entities.

. Verbal and written communication skills including negotiation

skills/strategies as it relates to both internal and external

customers.

. Negotiated master contracts (ISDA, NAESB, WSPP, EEI, etc.) that

support transactions associated with Coral's trading and structured

transaction portfolios.

. Developed prudent credit risk management strategies needed to

effectively manage the Portfolio Analysts respective portfolios.

. Developed numerous procedures and processes, associated with the

"credit underwriting process" as a means of improving workflow and

developing efficiencies.

. Ensured that credit risk management policies and procedures were

adhered to by the various Commercial and Origination groups.

. Financial Analysis / Reporting Function:

. Created models to quantify company specific credit risk inherent in

both plain vanilla and structured transactions.

. Created projection models to support a forward looking view needed

to: set credit lines; tenure of transactions permitted; determine

the ability of a respective entity to generate sufficient cash flow

to remain in compliance with its financial covenants and remain as

a going concern.

. Created eight industry specific scorecards used to generate

synthetic/implied debt ratings for Coral's non-rated portfolio.

. Created models to analyze specific segments of the portfolio to

determine what the appropriate cost of credit may be.

Credit Manager: Enron Corporation, Houston, Texas (1997 to June 2000)

. Evaluated and analyzed long-term structured and project finance

transactions associated with Enron's power marketing operations.

. Analyzed key long-term structured gas deals and off-balance sheet

natural gas prepayment structures originated through Enron North

America's business units.

. Key responsibilities included ongoing communication and negotiation

with both the Origination and Underwriting groups.

. Financial Analysis / Reporting Function:

. A thorough review of a project's economics, and financial, legal

and organizational structure.

. The creation of project specific models (utilizing Excel and

"Crystal Ball") to sensitize and simulate certain variables impact

on the NPV of a project as well as the implied default probability.

. Performing stress testing utilizing deterministic and probabilistic

models to quantify, evaluate, and manage the inherent credit and

market risks in a transaction.

. Review and negotiation of project contracts, namely PPA's and Fuel

Supply and Purchase Agreements.

Director: Canadian Imperial Bank of Commerce, Houston, Texas (1994 to April

1997)

. Preparation of credit applications and risk memoranda pertaining to

existing and prospective clientele.

. Performed detailed financial analysis on the company's in my assigned

portfolio.

. Assisted in drafting term sheet proposals for existing clients and/or

prospective transactions.

. Performed a thorough review of standard bank documentation in

connection with compliance reporting.

. Energy industry sub-sectors followed included: Exploration and

Production; Refining and Marketing; and Natural Gas Pipelines.

. Financial Analysis / Reporting Function:

. Preparation of the office budget, which comprised over 60

facilities and revenues in excess of $10 million.

. Created projection models to perform sensitivity analyses for the

counterparties in my portfolio.

Credit Analyst: Royal Bank of Canada/Credit Lyonnais, Houston, Texas (1990

to 1994)

. First back-up to Relationship Managers in both the energy and corporate

finance (including insurance and retail industries) arena; portfolios

included 20 to 30 accounts generating revenues of approximately $3

million to $5 million.

. Performed fundamental analysis and evaluated key risk factors of

existing and prospective clients, including: financial analysis;

industry analysis; security position; and breadth of management.

. Performed detailed cash flow sensitivity analysis of existing clients

and prospective transactions.

Credit Analyst: San Jacinto Savings & Loan, Bellaire, Texas (1988 to 1990)

. Analyzed financial statements for the Commercial Bank and Real Estate

division, which entailed written evaluations of the borrowers'

financial condition and the preparation of financial spreadsheets and

graphs utilizing Lotus 1-2-3 and Harvard Graphics.

. Assisted in an operational, compliance and financial audit, and the

creation of a lending audit program.

Senior Business Analyst: Dun & Bradstreet, Houston, Texas (1985 to 1988)

. Interviewed business executives of private and public companies with

the primary objective being to accumulate financial data for Dun &

Bradstreet credit reports.

. Selected by management to act as a temporary manager for existing staff

and trainees.

. Received "Senior Business Analyst of the Year" award in 1987.

Education:

. University of Saint Thomas, Houston Texas; MBA Finance and

International Business; December 1992; GPA (3.76/4.00).

. University of Saint Thomas, and University of Houston - Seventeen (17)

hours of accounting.

. Saint Francis College, Loretto, Pennsylvania; BS Management; May 1984.

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