Front Office Loan
Resume:
Derek McGirt
Totowa, NJ ****2
******.*****@*****.***
EXPERIENCE
*/** ** **/** Marathon Asset Management LP New York, NY Vice President/Sr Vice President/Performing Credit Group
• Research analyst supporting Marathon’s CLOs and managed high-yield accounts.
• Worked closely with portfolio manager and loan trader in communicating ideas and providing investment recommendations.
• Developed strong understanding and knowledge of healthcare industry and related subsectors.
• Performed all aspects of research and credit diligence including, financial statement analysis/modeling, business and industry reviews, loan documentation and bond indenture evaluation.
• Reviewed earnings releases and quarterly financials of portfolio companies and followed changes in loan, bond and equity prices as well as monitored news and regulatory changes.
• Provided ongoing review of relative value of portfolio positions vs. potential additions (loans/bonds) in the secondary market to ensure appropriate risk reward for current holdings.
• Key point of contact with sales coverage for names within sector coverage. Provided “early-look” feedback to capital markets teams on new deal primary loan syndications.
• Built and maintained a solid professional network of buy-side and sell-side equity/fixed income analysts, attorneys, financial advisors and industry experts.
• Worked on various stressed/distressed situations involving material amendments and restructurings.
• Led small bank group in restructuring an illiquid loan-only healthcare situation including new money financing provided by Marathon.
3/06 to 2/13 WestLB AG New York, NY
Director/Portfolio Exit Group
• Responsible for managing a portfolio of structured loans, bilateral credit lines and illiquid asset-backed transactions for WestLB’s non-core bank (“bad bank”).
• Provided ongoing credit support and monitoring of assigned portfolio.
• Worked with outside parties in negotiating and arranging potential purchase or financing options to reduce exposure and funding requirements for the non-core bank.
• Developed relationships with third parties for the purpose of marketing structured loans for possible sale. Director/Leveraged Credit Research – Brightwater Capital Management (a subsidiary of WestLB)
• First credit research professional hired to help grow Brightwater’s leveraged loan business. Helped ramp two CLOs by providing credit underwriting and research.
• Served as senior credit analyst for $1.25 billion of leveraged loans and high-yield bonds for various other WestLB special accounts. The funds were total return portfolios that were designed to maximize current income and preserve capital for the bank.
• Provided fundamental credit research on issuers across the leveraged loan and high yield universe. This research involved cash flow modeling, competitive review and recovery analysis for the underlying credits within the portfolio.
• Worked directly with the front office and the firm’s CIO to approve transactions and manage credit exposure.
• Led portfolio reviews and provided early warning of problem credits.
• Coordinated and provided ongoing monitoring of portfolio positions using industry research, correspondence with corporate issuers, sell side analysts and ratings agencies.
• Generated ideas across multiple investment products and advised on the timing for holding positions based on credit fundamentals and news developments. 6/04 to 12/05 GE Capital New York, NY
Assistant Vice President/Global Sponsor Finance
• Responsible for new deal underwritings and portfolio management on financial sponsor team.
• Structured senior secured debt transactions and negotiated all aspects of a transaction, including leading preparation of transaction documentation by external counsel.
• Reviewed existing portfolio companies for refinancings, or add on financing opportunities.
• Responsible for the management of problem loans including the development and execution of resolution strategies.
• Mined portfolio accounts for debt purchase opportunities, fee income and/or opportunities to take over agency positions for GE with enhanced economics.
7/00 to 6/04 Fitch Ratings New York, NY
Senior Director/Team Leader, Leveraged Finance
• Managed a team of five credit analysts for the purpose of providing corporate ratings for leveraged loans and high-yield bonds.
• Responsible for the management of Fitch’s private ratings business.
• Served as primary contact for key high-yield institutional investor accounts.
• Provided training and development for Analysts and Associates. Director/Leveraged Finance
• Performed credit analysis for leveraged loans, high yield debt and private middle-market debt securities.
• Provided ratings advisory to corporate clients and bank underwriters.
• Developed ratings criteria for League-Wide financing programs for the National Football League and the National Basketball Association.
• Published various industry research reports and established rating methodology for private mezzanine debt securities.
EDUCATION MBA - Concentration: Finance
Penn State University - Smeal School of Business
BS in Business Administration - Finance and Banking University of Missouri
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