Management Manager
Resume:
New York, NY *0036
*******.*.********@*****.***
RELEVANT EXPERIENCE
Sterne, Agee & Leach, Inc.
New York, NY
Investment Banking Analyst, Financial Institutions Group
November 2014 - Present
. Participated in multiple financial advisory assignments, including buy-
side and sell-side M&A and debt and equity financing
. Perform valuation analyses including discounted cash flow valuation,
public/private company comparables and precedent transaction comparables
. Construct pro forma combined company merger and earnings models on buy-
side and sell-side engagements
. Actively participate in drafting key materials such as fairness opinions,
confidential information memos, term sheets, pitch books,
offering memos, and management and investor presentations
. Work closely with Equity Capital Markets and Debt Capital Markets teams
to fulfill client's capital management needs, evaluate strategic
options, and assess financing alternatives
Selected Transaction Experience:
. Adviser to Salisbury Bancorp on acquisition of Riverside Bank - Total
Deal Value: $28 million
o Performed closing due diligence on the pro-forma balance sheet;
modified Buyer's initial analysis of the Target's
loan and deposit portfolio allowing for more complete
sensitivity analysis, resulting in an accelerated deal close
o Prepared and delivered the Buyer's investor presentation
following deal closing, attracting future investor attention
. Adviser to OceanFirst Financial Corp. on acquisition of Colonial
American Bank - Total Deal Value: $11 million
o Adjusted merger model to account for $2.0 million DTA reversal
at acquisition close, decreasing price per share and
price to tangible book value by nearly 20%
o Aided in preparation of Fairness Opinion; constructed company
overviews, comparable transactions analysis,
5-year earnings model, pro
forma combined financial model, market share and demographic
analysis
. Adviser to Financial Institutions, Inc. on public offering of fixed to
floating rate subordinated notes - Total Deal Value: $40 million
o Announced offering at $35 million; subsequently upsized the
offering to $40 million at 6.00% due to over-subscription
following successful one-day marketing
o Served as sole book-running manager for the transaction;
executed all aspects of the underwriting process
including securing investor interest, soliciting
investment-grade credit ratings, and pricing of the securities
Moody's Corporation, Moody's Investor Service
New York, NY
Associate Analyst, Global Financial Institutions Group
September 2013 -
October 2014
. Administered a variety of ratings for insurance carriers, insurance-
related corporations and their associated transactions including
debt issuances, acquisitions, and other capital management strategies;
assessed credit implications of corporate
restructuring and capital raises for several private-equity-sponsored
leveraged buyouts
. Reconstructed the team's risk-adjusted capital model in order to
accurately assess volatility of unpaid loss reserves and model
economic surplus to account for full risk portfolio
. Published independent, comprehensive research on various topics including
capital modeling, regulatory
developments, reserve adequacy, and competitive landscapes; works have
been cited by various industry publications
. Developed financial forecasting models for stress scenario capital
adequacy, investment portfolio risk, and natural catastrophe exposure
The Travelers Companies, Inc.
Hartford, CT
Market Analyst, Product Management
February 2013 - September 2013
Pricing Analyst, Product Management
June 2012 - February 2013
Leveraged analytics to identify, recommend and implement adjustments to strategies
consistent with profitability and
growth of business objectives; constructed annual forecast models to build, revise and
evaluate objectives
Modeled and implemented risk management systems designed to further forecast, assess, and
balance risk levels as part of multivariate pricing algorithms; developed comprehensive
analytical reports illustrating performance metrics including: Risk balancing, profile mix,
competitive position, loss performance, and lifetime economics
Institutionalized, developed, and maintained tracking for production, profitability and
segment interactions; monitored new product
launches and kept track of competitor performance in order to accurately differentiate the
Travelers value proposition
Utilized actuarial concepts to support rate revisions and find trends and patterns in
internal and market data to determine overall
financial impacts of rate and non-rate underwriting adjustments
EDUCATION
The University of Connecticut - School of Business
Storrs, CT
Bachelor of Science: Major in Finance, Minor in Political Science
May 2012
Cumulative GPA: 3.5/4.0; Major GPA: 3.8/4.0
Dean's List
SUMMARY OF QUALIFICATIONS
Highly extensive knowledge and understanding of the Microsoft Suite and
adaptability of other software systems including SNL Financial, FactSet,
Bloomberg, IntraLinks, @Risk, IBM Cognos, MicroStrategy Systems, Oracle
Product Workbench, Various VBA Applications (Intermediate)
HONORS, AWARDS, LEADERSHIP
New England Scholar Award Winner, Sigma Alpha Lambda National Leadership
and Honors Organization, University of Connecticut Finance Society,
University of Connecticut Multi-Cultural Business Society, Relay for Life,
American Cancer Society
MICHAEL R. MCSHERRY
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