Michael Catterson

Experience

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  PricewaterhouseCoopers

  Sept 1999 - Aug 2002

  Senior Associate

  CHICAGO, ILPerformed and supervised analysis on accounts receivable, inventory, cash flow, financial statement, credit and collection, and risk analysis to assess profitability and feasibility of 50+ securitization and asset-based lending ventures for transactions ranging from $200 million to $1 billion.Co-managed teams responsible for evaluating debtor-in-possession financing options.Provided analysis, recommendations and co-managed day-to-day operations for failed Illinois trust company in “receivership”.Analyzed financial strategy and/or business reorganizations for troubled companies. Show less

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  FTI Consulting

  Aug 2002 - Jan 2005

  Senior Consultant

  CHICAGO, ILPerformed financial and operational assessments for potential and ongoing securitizations, asset-based lending, and debtor-in-possession financing. Managed teams responsible for conducting turnaround analysis on companies that were troubled or in bankruptcy. Clients included major global investment banks and national and international companies in the automobile, steel, transportation, manufacturing and retail industries.

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  Citigroup

  Feb 2005 - Mar 2008

  Vice President

  LONDON, UKAS PORTFOLIO MANAGER:Responsible for securitization transactions financed primarily through the multi-seller asset based commercial paper market. Transactions covered a broad range of asset classes--including trade receivables, RMBS, consumer loans, portfolio finance, and dealer floor-plan--and were governed by the following legal jurisdictions: England and Wales, France, The Netherlands, Germany, Italy, Spain, Belgium, Sweden, Hungary, the Republic of Ireland, the Cayman Islands, and throughout the United States. Provided marketing support to transactors, analyzed customer portfolios, prepared and presented credit packages to credit committees, developed and monitored servicer/seller reports, approved due diligence audits and impemented recommendations. Assisted in the initial structuring, executing, and closing of deals, and headed subsequent restructurings.AS EUROPEAN AUDIT MANAGER:Having joined to serve in the newly-created role of European Audit Manager, I was responsible for leading European efforts related to securitization and structured finance due diligence and risk controls.Redesigned existing, U.S., engagement scopes, by asset class, to fit European market. Catered scopes to each legal jurisdiction.Established Citigroup's first rotation of 3rd-party audit providers for European market, initiating and developing relationships with FTI Consulting, Ernst and Young, and PwC. Coordinated and provided guidance to audit professionals from Europe and the U.S.Implemented and managed Citigroup's first European audit program for approx. 30 ongoing securitization programs and 10 new transactions.Helped develop Citigroup London's Risk and Control Self-Assessment ("RCSA"), identifying risks, establishing controls and tests for these controls, and ensuring tests were conducted on a quarterly basis.Assisted with the Sarbanes Oxley process and Basel II reporting related to securitization. Show less

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  RBS

  May 2010 - Dec 2014

  Vice President

  LONDON, UKSTRUCTURED FINANCE:Managed securitisation and other structured finance positions with a focus on (i) trade receivables (ii) auto (lease/loans/floor-plan/fleet) and (iii) supply chain finance.Clients included medium to large corporates located throughout the UK and Europe; transactions funded variously through bank-sponsored conduits, on-books, via public note issuances, bonds, VFNs, private syndications, and the repo market.Directly responsible for all on-going aspects of a deal’s life-cycle, including periodic reporting and monitoring, due diligence, amendments and restructurings, legal and regulatory reviews, rating confirmations, renewals and terminations. Led origination/structuring/execution phases for trade receivables and certain auto deals. Liaised with relationship management to tailor debt financing solutions to bank client needs.SUPPLY CHAIN FINANCE (AS SPECIAL ADVISOR):Built risk and profitability measurement tools (e.g. monitoring spreadsheets, portfolio databases, dashboards, management reports, etc.) for monitoring of SCF deals, both individually and on a portfolio-wide basis. Wrote/developed due diligence and audit policy tailored to SCF programmes. GENERAL:Interviewed and evaluated candidates for the bank’s summer internship and graduate programmes. Served as line manager for new hires under the bank’s graduate programme. Coached experienced hires with regards to structuring/modelling/client interaction. Trained and educated new hires dedicated to SCF portfolio management. Volunteered time for children's charities. Show less

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  Real Economy Consulting, ltd

  Sept 2015 - Jun 2021

  Founder

  Consultancy bringing Over 25 years of experience to receivables originators in search of the best structured finance and working capital solutions. Specialties: Trade receivables, asset securitisation, asset-based lending, embedded finance, highly-detailed data analysis, build specifications for asset and liability modelling, ABCP Conduits, inventory borrowing base lending, supply chain financing, portfolio management, AUP scopes and due diligence requirements, general fire-fighting.CLIENTS:Demica Finance LimitedTrade Finance & Securitisation Consultant 2015-2020Demica provides innovative working capital solutions to a wide range of major corporations and financial institutions, currently facilitating the financing of over $110bn of receivables and payables per year from over 135 countries around the world.Blackstar CapitalTrade Finance & Securitisation Consultant2020-2021Blackstar Capital is a specialist structured finance and working capital solutions provider with leading expertise in the origination, structuring and management of transactions globally. Established in 2011, Blackstar Capital has evolved into a prominent, international non-bank lender, focused on corporates who need innovative funding solutions to optimise their working capital cashflows. Show less

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  DEMICA

  Sept 2015 - Oct 2020

  Independent Contractor

  Responsibilities (under contract) included:o Structure trade AR financing transactions; provide oral and written opinions on structuring matters o Provide related advice and modelling services to Demica’s teams, business prospects and clients.o Work with Demica’s teams to implement transactions and execute legal docs. o Oversee transaction report builds, ensuring compliance with the agreed legal documentation. o Assist the Global Head of Structuring on specifically delegated matters, e.g., optimising existing deals and assessing potential opportunities via preliminary modelling and proposed structures. Show less