Portfolio Manager (Leveraged Loans)

Applied Risk Capital (“ARC”) is an underwriting platform focused on protecting banks and credit funds against loss of principal on leveraged finance loans. ARC works with a panel of A or higher rated insurance companies to provide this protection through a non-payment insurance policy. 

ARC operates as a Managing General Underwriter (“MGU”) on behalf of its carrier panel. In this capacity, ARC identifies suitable non-payment insurance opportunities in the market through interaction with banks, direct lenders and brokers; conducts full due diligence based on syndicate-level information; prepares detailed underwriting memos; issues policies on behalf of its carriers; and invoices, collects and remits premiums. It also monitors portfolio performance and provides its carriers with assistance regarding any amendments, waivers or restructuring activity within the portfolio.

ARC’s focus on leverage finance includes several different loan products, including revolving credit facilities, delayed draw term loans, term loans, derivatives, and letters of credit. ARC underwrites both single-name and portfolio exposures. ARC’s capacity is currently $50 million per obligor, making it among the largest non-payment insurers in the leveraged finance market.

ARC’s addressable market exceeds $5 trillion. ARC has been growing quickly and now employs 13 people. ARC expects to employ 17 people by the end of 2025.

ARC was founded in 2019 by Andrew Shapiro.  Andrew worked for more than 30 years as a senior banker, holding several key leadership positions at BNP Paribas, including global head of loan syndications, Americas head of the restructuring and Americas head of corporate loan and bond origination. Andrew founded ARC to fill a much-needed gap between the banking and non-payment insurance sectors – applying sophisticated bank credit underwriting techniques and expertise to underwrite corporate and sponsor-driven leveraged finance credit risk on behalf of its insurer panel.

We are seeking a highly analytical and detail-oriented leverage loan professional with credit analysis experience to support the tracking, analysis, and reporting of performance within our leveraged loan portfolio. This role will involve monitoring financial performance, credit ratings, and policy metrics, as well as managing portfolio data to ensure informed decision-making and exposure monitoring. The portfolio manager will also be responsible for writing informative credit memos on underperforming companies, coordinating with insurers (and banks, credit funds, hedge funds) and brokers to obtain critical information, ensuring all files are well-organized and updated, and working with our carriers to ensure a complete understanding of portfolio and individual credit performance and restructuring dynamics and alternatives.

Key Responsibilities:

Portfolio Tracking & Financial Analysis:

• Monitor and analyze financial performance, credit ratings, and policy metrics of companies within the portfolio.
• Track and evaluate rating changes, amendments, and other credit impacts for assigned companies.
• Identify and escalate risks related to underperforming companies through detailed credit memos and emails.

Data Management & Analytics:

• Maintain and update financial models, reports, and dashboards in Excel and Tableau.
• Use complex formulas to track company performance, trends, and portfolio metrics.
• Develop efficient processes for managing and storing quarterly reports, amendments, and rating updates.

Credit Memos & Reporting:

• Conduct due diligence to understand performance trends and outlook.
• Identify underperforming companies and prepare comprehensive credit analysis on current situation.
• Summarize key financial trends and credit risk factors for internal use and external reporting.

Communication & Coordination:

• Liaise with insurers, brokers, and internal teams to obtain relevant information and documents.
• Ensure all financial and credit documentation is accurately saved and tracked for audit and compliance purposes.
• Support the Portfolio Manager in decision-making by providing timely and insightful credit assessments.
• Provide carriers with written and verbal assessments of credit evolution and restructuring options.
• Proactively generate ideas to improve company processes and operations.

Qualifications:

Technical & Financial Expertise:

• Bachelor’s degree in Finance, Economics, Accounting, or related field.
• Strong understanding of financial statements and credit analysis principles.
• Experience with leveraged loans, investment banking, or corporate finance is a plus.

Data & Analytics Proficiency:

• Advanced Excel skills, including complex formulas and pivot tables.
• Experience with Tableau for data visualization and reporting is a plus.
• Strong ability to analyze large datasets and identify key financial trends.

Organizational & Analytical Skills:

• Exceptional attention to detail and ability to manage multiple portfolios and keep track of various companies.
• Strong organizational skills for tracking company profiles, amendments, and credit updates.
• Ability to streamline data tracking and ensure efficient document management.

Communication & Collaboration:

• Strong written and verbal communication skills for credit write-ups and insurer/broker interactions.
• Ability to collaborate across teams and provide timely reviews/work product.   

Experience:

• 3 to 6 years of prior work experience preferred.
• Fluency in Microsoft Office suite (Outlook, Excel, Word, PowerPoint, etc.)
• Strong organizational and communication skills – both verbal and written.
• Experience in credit risk, investment banking, or financial analysis is highly desirable.
• Familiarity with leveraged loan markets and credit ratings is a plus.
• Prior experience managing small-to-medium-sized portfolios is beneficial.

Title: Associate or Vice President, depending on experience.

Compensation: Competitive base salary, discretionary annual cash bonus and benefits.