PROFILE:     Seasoned corporate loan and investments consultant with significant experience in the credit analysis, review and management of corporate loan and insurer investment portfolios.

WORK EXPERIENCE:.

Manager – Investment Research Unit

April 2002 – October 2010

NAIC - Securities Valuation Office

New York, NY

• Served as the primary advisor to senior insurance regulators of the 50 states regarding insurer investments and credit issues, both from the perspective of the individual investment and a portfolio of investments. Focused on the fixed income book and credit quality. Conducted regulator training for investments.
• Created the Portfolio Analysis Memorandum (PAM)
• Responsible for the analysis of insurer investment portfolios with a focus on specific fixed income asset classes such as RMBS, CMBS, Private Placements etc.
• Served and voted as a permanent member of the Senior Credit Committee to sign-off on NAIC1 to NAIC6 Designations.
• Managed a team of analysts

Research Manager – Credit Structures

July 2000 – September 2001

Citibank, NA

New York, NY

As a member of the Portfolio Investment Management Team (PIMT), evaluated, selected and monitored Leveraged Loans for inclusion in cash flow and market value based CLO structures. Monitored the overall credit quality of a $3 billion portfolio. Controlled Issuer Limits and Industry/Sector exposure. Suggested names for inclusion/divestiture from the portfolio. Managed a staff of four Analysts.

Vice President & Senior Credit Officer

August 1997 – July 2000

The Sumitomo-Mitsui Bank

(Formerly the Sakura Bank)

New York, NY

As a senior member of the credit approving committee, approved/rejected individual transactions of up to $30 million in Syndicated Bank Loans, over a wide range of industries. Typical deals involved the financing of Senior Debt portions of High Yield transactions in the primary market. Monitored a $2 billion loan portfolio. Managed two credit officers.

Vice President & Credit Officer

December 1993 – August 1997

The Long-Term Credit Bank of Japan

New York, NY

As the Credit Officer in the New York-based head office credit committee, opined on approving/rejecting decisions for Syndicated Bank Loans (50% High Yield) in the Aerospace, Food, Beverage, Tobacco and Non-Bank industries. Examined the New York and Chicago Branch's troubled loan portfolios.

Senior Bank Examiner

December 1990 – December 1993

New York State Banking Department

New York, NY

Reviewed, rated and criticized Syndicated Bank Loans in the Shared National Credit Program (with FRB NY). Examined, rated and criticized the High Yield portfolios of Bankers Trust and The Bank of New York. Managed two or three associates.

Assistant Vice President

April 1989 – August 1990

Marine Midland Bank

(Now part of HSBC Group)

New York, NY

Underwrote up to $250 million in High Yield related Senior Bank Debt for Fortune 1000 and middle market companies. Managed all aspects of the transaction i.e. pricing, structuring, preparing bank books and organizing bank meetings. Negotiated credit agreements.

Corporate Banking Officer

June 1986 – April 1989

First Chicago

(Now part of JP Morgan Chase)

New York, NY

As a lending officer in New York, was responsible for the credit analysis and financial modeling of Fortune 1000 Corporate Finance and LBO transactions. Worked in Syndications and Asset Sales in Chicago. Prepared bank books and packaged deals for distribution.

EDUCATION / CREDENTIALS:

CFA – Chartered Financial Analyst, CFA Institute

MBA – Missouri State University (GPA 4.00/4.00), Cape Girardeau, MO

BSc. – Nehru University (First Division), New Delhi, India

Investment Management Workshops – Harvard Business School.



Joseph Prakash