Sep 2015 – Aug 2021 · 5 yrs 11 mos

• Supporting multiple CLO portfolios of a UK-based Asset Management Company with analysis, surveillance, operations, and other business needs, further elaborated below:
• (i) Underwriting of potential opportunities in European leveraged loans across industries and making recommendations based on a thorough understanding of industry and company fundamentals as well as relative valuation. The job requires working closely with the client in a real-time delivery environment and encompasses the following:
• Evaluation of primary and secondary deals, including the preparation of a detailed investment proposal highlighting company and industry overview, credit risks and mitigants, and investment rationale
• Building a detailed financial model, including historical operating & financial metrics, projections with revenue drivers and cost assumptions, asset-based and going-concern recovery analysis, capital structure analysis, de-leveraging potential based on forecasted cash flows, covenant analysis, and yield calculations
• Analysing legal terms, including covenants and cures, prepayments, incremental debt provisions, and restricted baskets, among others
• Presenting the case to an investment committee in London that comprises analysts, portfolio managers, and the risk team
• (ii) Monitoring a portfolio of around 30-35 credits. The role also involves staying on top of events related to the portfolio, including waivers & amendments, prepayment events, re-pricings, rating actions, and key industry developments.
• (iii) Supporting portfolio managers in active management of existing positions via identification of potential re-pricing candidates and suggesting switches/ increase or decrease of exposure along with entry/ exit levels
• (v) Gained valuable onsite experience, attending bank meetings, engaging with management on a 1-1 basis, and participating in site visits
• (vi) Currently managing a team of 6 people to ensure smooth delivery, including quality control, training, and guidance

Nov 2012 – Aug 2015 · 2 yrs 9 mos

• Credit Research for a UK-based Multi-Strategy Asset Manager
• Key responsibilities included:
• Preparing detailed credit profiles for European IG portfolio companies covering key credit risks, analysis on operating and financial performance, evaluating management strategy and commenting on debt maturity schedule and liquidity profile with a specific focus on the Consumer Sector (Breweries & Spirits, Tobacco and Food Retail)
• Regularly monitoring the investment portfolio and preparing event notes (including earnings, major strategic updates, news flows)
• Assessment of new opportunities in Euro and Sterling denominated issuances and preparing supporting detailed investment proposals covering various fundamental and technical aspects
• Working on ad-hoc assignments such as sector memos and presentations
• Daily interaction with the onshore team to discuss credit specific investment thesis and participating in strategy calls
• Preparing and maintaining dashboards covering operating, financial and trading metrics

Feb 2010 – Nov 2012 · 2 yrs 9 mos

• UK-based Asset Management arm of an Investment Bank
• Building detailed models, with historical numbers and financial ratios, along with projections based on industry/ market analysis, building-out revenue and cost drivers
• Brief credit updates on select portfolio names (European HY)

Dec 2008 – Feb 2010 · 1 yr 2 mos

• Was part of erstwhile Adventity Global Services, which was later acquired by Sutherland.
• During this period, worked as the Business Analyst for a leading provider of Continuity Transaction Processing and Support Systems and assigned to two U.S-based healthcare continuity marketing firms

May 2007 – Dec 2008 · 1 yr 7 mos

• Joined erstwhile Adventity Global Services, which was later acquired by Sutherland
• Began my journey in the world of financial research as a consultant with Credit Suisse's CFIG or the Customized Fund Investment Group, wherein my work involved analysing private placements and private equity/ venture capital fund-of-funds investments for the group's alternative investments division. During this period, I also spent 6 months in NYC at the client-end.