Expert Details
Banking: Special Loans, Restructuring, Workout, and Credit Management
ID: 739506
Canada
In his current role as the Head Director, Special Assets Group, Expert is responsible for managing commercial Watchlist portfolio (incl. performing and impaired loans) and identifying potential problem accounts that may benefit from early intervention. He analyzes credit applications and making loan decisions within delegated limits, and identifies fundamental causes associated with underperformance. He addresses critical operational and financial issues (land loans, construction loans, commercial mortgages, syndicated loans, lines of credit, leasing, etc.)
Areas of Expertise: Special loans; Risk management; Special Situations; Commercial Banking; Credit Risk; Distressed Debt; Bankruptcy; Financial Analysis; Non-performing loans; Restructuring; Litigation; Workout
Computer Skills: Microsoft Office (incl. MS Visio and MS Project), Lotus Notes, Oracle, PeopleSoft, Citrux, Moody’s, Sales platform, Synergy.
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 2015 | Degree: MBA | Subject: Finance | Institution: Manchester Business School |
| Year: 2007 | Degree: BA | Subject: Law | Institution: University of Toronto |
| Year: 2004 | Degree: BA | Subject: Economics | Institution: University of Toronto |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2021 to Present | Employer: Undisclosed | Title: Head, Special Assets | Department: |
Responsibilities:• Managing commercial Watchlist portfolio (incl. performing and impaired loans) and identifying potential problem accounts that may benefit from early intervention.• Analyzing credit applications and making loan decisions within delegated limits. • Conducting annual reviews and ensuring all conditions are timely and duly met. • Identifying fundamental causes associated with underperformance and address critical operational and financial issues (land loans, construction loans, commercial mortgages, syndicated loans, lines of credit, leasing, etc.) • Coaching and guiding a team of direct reports (senior managers). • Developing restructuring strategies (payout, down payment, sale of impaired asset, DIP lending, sub debt, restructuring, refinancing, debt-to-equity swap, VTB, equity stake, reorganizations, etc.) and executing them. • Working with clients experiencing financial challenges and advising on course of action. • Monitoring business and financial performance of the portfolio counterparties. • Advising on DIP financing rational and assessing businesses as going concern. • Presenting at Management Credit Committees and Allowance Committees and recommending adequate ECL provisioning under IFRS 9. • Monitoring delinquency of commercial book in order to ensure that no accounts are in arrears. • Onboarding vendors (counsels, appraisers, receivers, trustees, property managers, etc.) and planning annual budget. • Participating in loan portfolio stress testing and modeling scenarios. • Drafting corporate directives and procedures (Special Assets, Default Management, Watchlist, etc.) • Contributing to the profitability as a profit center for non-interest income pool. • Participating in annual audit related tasks covering entire portfolio under management. |
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| Years | Employer | Title | Department |
| Years: 2018 to 2021 | Employer: Royal Bank of Canada | Title: Senior Manager, Special Loans and Advisory Services | Department: |
Responsibilities:• Oversaw portfolio of impaired commercial loans• Made recommendations on initial strategy (rehabilitate, remarket, realization) and next steps based on in-depth understanding of the business • Reviewed business strategic problems and ways to bring situation to resolution with minimum reputationalrisks and chances to turnaround the business • Prepared 13-week CF projections and three statement financial models • Discussed proposed solutions with senior executives (CEO, CFO, Controllers, Trustees, etc.) • Structured both in bankruptcy and out-of-court restructuring and negotiating deals (accommodating temporary financing, obtaining additional charge, getting consent to judgement/receivership, etc.); • Advised on restructuring options, loan realization expenses and expected monetary outcomes • Engaged with outside financial consultants and legal counsels to review operations and current litigation/bankruptcy status • Commenced litigation in case of negotiations failure (issuing demand letter/statement of claim, application for bankruptcy, notice for sale, etc.) • Liaised with Receivers/Trustees/Monitors/Appraisers/Liquidators (taking custody of asset or entire business, marketing and selling assets, monitoring weekly CF statements, checking asset valuation, enforcing under personal guarantees, etc.) • Monitored excesses daily and making decisions on all critical payments (payroll remittance, global wires, supplier payments, etc.). • Assigned risk ratings for the quality and risk profile for each client and estimating potential credit losses • Drafted approval memoranda in connection with loan amendments and recovery strategy (incl. write off MEMOs) • Executed post-closing activities (security discharge, discontinue judgement, obtaining cash collateral, etc.) |
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| Years | Employer | Title | Department |
| Years: 2016 to 2018 | Employer: JP Morgan Chase | Title: Credit Manager, Commercial Banking | Department: |
Responsibilities:• Monitored corporate loan portfolio in North America and exercised sound credit judgment• Evaluated creditworthiness against exposure of clients to ensure adequate protection against losses • Adjudicated credit and restructuring applications and rendered decision within appropriate authority level • Created and implemented strategic plans for companies in trouble or in bankruptcy (increasing chances of business survival) • Conducted financial analysis and assessed financial performance • Communicated with clients to understand needs and managed existing client relationships • Prepared credit documentation and annual reviews • Checked that all loan and security documentation maintained in order and covenants are tested and met • Submitted request to amend terms and strategy (incl. FMD, collateral status, credit policy exceptions, covenants) • Negotiated loan and security documents with in-house counsel and the clients • Communicated decision on financing and executed post-closing • Coordinated with Risk team on fraudulent schemes or substantial credit volumes • Advised on new initiatives to improve effectiveness and lower costs • Marketed and sold syndicate facilities in the secondary market • Performed AML/KYC/TL reviews on accounts to ensure compliance with the firm’s global compliance requirements |
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| Years | Employer | Title | Department |
| Years: 2015 to 2016 | Employer: Bank of Cyprus | Title: Deputy Head, Large Corporates Recovery | Department: |
Responsibilities:• Monitored NPL portfolio of high-risk commercial accounts (total exposure over USD $2B)• Managed team of 20 subordinates (Mid-market, Head Office Files, Capital Markets) with dual reporting Deputy CEO and President • Became first point of contact and took over relationships with the clients • Made recommendations to policies and procedures in order to reduce recovery costs and LLP • Implemented early warning triggers as part of monitoring technics to control pre-default portfolio • Engaged legal counsels to support the transaction in offshore jurisdictions • Presented materials at Risk Committee and Board of Directors Meetings • Liaised with external business partners (insolvency practitioners, collections agencies, property managers) • Analyzed financial statements and proposed restructuring or business turnaround plans • Estimated loan loss provisions for assigned portfolio • Advised on capital structure, assessed and negotiated terms and conditions with clients • Executed receipt of equity ownership to the Bank when structuring the deal • Monitored loans for quality/risk standards and fraud occurrence • Prepared Watch list reports, impairment tests, risk rating and loan summary reports • Conducted covenants check for loan facilities, timely approved and executed waivers/amendments |
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| Years | Employer | Title | Department |
| Years: 2012 to 2015 | Employer: Societe Generale Bank | Title: Senior Manager, Non-Retail Recovery | Department: |
Responsibilities:• Managed impaired loan portfolio of biggest commercial accounts (Large Corporates)• Managed team of 5 subordinates and ensured proper tasks distribution among the team • Structured and negotiated solutions with senior executives • Restructured marginal credit requests and maintained ongoing post funding documentation review • Managed notifications including rollovers, repayments, waiver requests, rates and fees • Evaluated credit applications and made decisions on loan requests • Reviewed credit agreements, amendments, term sheets and bankruptcy filings • Communicated with Trustees/Receivers/Bailiffs in various jurisdictions • Executed control over provision adequacy and risk mitigation level • Developed and implemented operational plan, policies and procedures • Complied with annual budget for consulting (legal advisors, collection agencies, appraisal companies) • Launched Recovery Committee and participated in establishing loan workout process • Reported on arrears, recovery and disposition of assets and provided ad hoc reports to Management |
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| Years | Employer | Title | Department |
| Years: 2007 to 2012 | Employer: Unicredit Bank | Title: Manager, Restructuring and Workout | Department: |
Responsibilities:• Managed portfolio of commercial loans in various industries• Built relationships with customers and provided solutions as per internal policy • Evaluated clients’ capacity to repay debt and negotiated restructuring of credit facilities • Managed pipeline of accounts and performed in-depth research of past due • Ensured consistent adherence of debt/income analysis, review of income documentation and calculations. • Negotiated repayment schedules and obtained additional collateral • Managed, leased and sold real estate property to third parties • Maintained corporate records on accounts and relationship development • Took legal actions to protect interests of the bank including liquidation and foreclosure • Forecasted dynamics of provisions for possible losses • Attended and presented materials at the domestic and global Committees • Submitted request for write-offs and partial settlements to relevant Committee |
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Career Accomplishments
| Licenses / Certifications |
|---|
| Certificate in Investments (Securities), Chartered Institute for Securities & Investment, UK Licensed Insolvency Trustee, Moscow Finance University, Russia |