Associate Director, Portfolio Management

Job Type & Location

• Job type – Permanent, full time
• Location – Calgary, Alberta

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The Associate Director, Portfolio Management is an integral role within Travelers, one of which that is vital to the long‑term growth and success of the business. The Associate Director, Portfolio Management will have a high‑degree of interface with our clients and on‑going management of Travelers’ portfolio investments.

Responsibilities include, but are not limited to, day‑to‑day management of the Travelers portfolio of investments, review and analysis of on‑going portfolio company reporting, assist with execution of live transactions, assist the Senior Director with restructuring/recovery of deployed capital, and assist with the required amendments as requested or deemed necessary within the existing portfolio.

• Assist with the overall post‑closing monitoring and management of the Travelers’ investment portfolio, including the diligent collection and review of all reporting requirements, monitoring the good standing of each portfolio investment, and assisting with any remediation steps taken by Travelers as necessary to protect and efficiently manage the portfolio.
• Monthly, oversee portfolio performance and monitoring, including actively checking‑in with portfolio companies / managed debtor entities to ensure compliance of reporting requirements, insurance requirements, investment covenants, and ad‑hoc deliverables.
• Engage with Travelers’ titling agents to ensure underlying collateral is accounted for and perfected, as needed (as it relates to USA based transactions with titled security).
• Conduct analysis of the information collected from debtor companies and identify improving or deteriorating debtor trends, potential breaches of covenant, trailing‑12 month analysis, and observe on‑going key credit metrics.
• Assist in the authoring formal credit amendment memorandums to the investment committee and/or investment partners, complete with key credit metrics, and assist with the documentation and implementation process of such amendments.
• Pro‑actively monitor and work with clients going through periods of rigorous transition, providing strategic advice, consult, analysis, and recommendations to the Senior Director and VP and investment committee on future‑looking amendments to maintain good standing and preservation of capital.
• Assist with the documentation and engagement with outside firms (i.e. counsel, trustees, etc.) on processes including, but not limited to, regular course loan/lease modifications, payout requests, asset discharge requests, renewal and extension agreements, potential work‑out documentation (i.e. demand notices, forbearance agreements, etc.), pending and on‑going recovery, remediation and restructuring materials, and initiative and conduct formal recovery proceedings, including appointment of bailiffs and receivers.
  
  This individual will assemble and maintain certain standard documents that can be completed in-house as well.
• Assess several business concerns and work with the team to formulate recommendations to the investment committee / various stakeholders. This may include preparing written reports for Travelers counsel and/or other stakeholders in accordance with the mandate of the file and collaborating with a trustee /receiver in dealing with legal elements of the recovery process.
• Responsible for portfolio organization and maintenance by obtaining final or post‑closing requirements to ensure each file is complete, monitoring timelines and milestones which enable the lender’s portfolio management rights (i.e. annual collateral valuations, etc.), and the execution and management of said lender rights.
• Works with Senior Director and VP and accounting department as a liaison to manage the proper accounting of each financing during the term of the investment.
• From time to time, the candidate may be required to compile reports on the overall portfolio, analyzing the portfolio for overall trends, credit risk, identify and update on assets under scrutiny/work‑out, and summarize key statistics.
• Responsible for reporting on…