Citigroup Capital Markets, C11, ABTF Portfolio Analyst in New York, New York
Group Overview: The Asset Based & Transitional Finance Group (“ABTF”) is responsible for originating, structuring and syndicating corporate finance transactions for non-investment grade companies and specializes in debt financings for restructurings/turnarounds, bankruptcies, leveraged/management buyouts and asset based loans (“ABL”). ABTF professionals directly advise the senior management of Citi’s corporate clients on debt financing and capital structure solutions. ABTF further serves these clients by committing capital to the financing transactions. ABTF directly manages the loan portfolio comprised of these capital commitments.
Nature of Business:
ABLs consist of highly structured secured revolving lines of credit and term loans for non-investment grade clients with availability governed by the liquidation value of the assets securing the facilities
These facilities meet an array of corporate finance needs including general corporate purposes, cyclical, industrial or seasonal downturns, acquisitions and recapitalizations
ABLs pair easily with funded debt such as high yield bonds and term loans, and typically sit at the top of a company’s capital structure
The transitional finance side of the business focuses on capital structure solutions for clients in transition, e.g. rescue finance, debtor-in-possession, exit financing
The group’s revenue stream is generated through fees earned by structuring/arranging financing transactions for its clients, upfront fees paid on Citi’s loan commitments, and interest paid on the group’s loan portfolio
The team works closely with other Capital Markets businesses and Global Banking to leverage Citi resources and generate new business opportunities
Portfolio Analyst Responsibilities:
Responsible for preparing quarterly credit memos that analyze various aspects of the obligors including: cash flows, liquidity needs and potential restructuring opportunities.
Produce and manage a variety of portfolio reports and presentations related to loan data that is reported internally (e.g. risk, business, finance) as well as externally (e.g. regulators/auditors)
Ad-hoc Projects such as industry or collateral event analysis, implementation of new regulatory/risk policies, audits reviews, etc…
Strong fundamental financial and credit analysis utilizing a full compliment of information sources including public filings, equity and fixed income research, Bloomberg and rating agency reports
Ability to think critically and summarize financial trends in credit write-ups
Understanding of credit risk and portfolio risk management concepts
Interest in the non-investment grade debt capital markets
Familiarity with financial statements (balance sheet, income statement, cash flow statement) and analyzing financial data
BA in Finance or Accounting
Proficient in Excel and PowerPoint
Experience with performing credit analysis a plus
Job Family Group:
Business Strategy, Management & Administration
Strategy & Development
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