Description

 

 

Christopher P. Henry

100 Winthrop Road

Guilford, CT 06437

Home Phone: (203) 605-7707
e-mail: schaferhenry@yahoo.com

 

 

RISK EXECUTIVE
Senior risk professional with excellent qualifications in underwriting, origination, closing, managing, and handling workouts for a variety of equity investments and loan product types including multi-family, retail, office, distribution centers, flex office/industrial, storage facilities, hotel, and golf courses. Expertise includes:

 

·        Seasoned risk executive with comprehensive understanding of handling risk for complex financial services organizations.

·        Superior negotiating skills; strong technical skills and broad based knowledge of all aspects of risk management.

·        Financial analysis/underwriting skills with a deep understanding of credit risk, counterparty risk, interest rate risk, compliance, & operational risk.

·        Rigorous analytical thinker who seeks problem-solving opportunities.

·        Recruitment, management, and development of staff.

 

 

PROFESSIONAL EXPERIENCE

 

 

STS Structured Products, LLC, New York, NY                  2014 to March 2015

Executive Director, Senior Underwriter on CMBS Desk   (2014 to March 2015)

Responsible for underwriting, valuing, analyzing, a variety of commercial real estate transactions.

 

 

 

·        Prepare Asset Summary Reports and underwriting templates for all CMBS and balance sheet loans in a timely manner.

·        Order, thoroughly review, and approve all third party reports, identifying any red flags that may raise concerns among B-Piece buyers.

·        Perform site visits with clients/Borrowers, inspecting collateral and submarket comparables.

·        Successfully manage transaction flow to meet closing deadline requirements for clients/Borrowers/securitization deadlines/B-Piece buyers, avoiding “kickouts” while staying current on B-Piece buyer sentiment.

·        Transactions underwritten include multi-family, office, retail, industrial, and hotel in a variety of geographic areas.  Transaction size range from low of $2 million to high of $300 million.

 

PB Capital Corporation (a Deutsche Bank subsidiary), New York, NY                                                                                                                   2011 to 2013

Senior Director/Commercial Real Estate   (2011 to December 2013)

Responsible for structuring, underwriting, analyzing, rating, securing approval for, and closing opportunistic commercial real estate debt transactions.

 

·        Structure, underwrite, value, analyze, and seek approval for a wide spectrum of commercial real estate debt transactions, including both loans to be syndicated and balance sheet transactions.

·        Order, review, and approve all third party reports.

·        Perform site visits with clients/Borrowers, inspecting collateral and submarket comparables.

·        Value collateral employing discounted net cash flow method, using realistic, achievable, and sustainable assumptions.

·        Manage, develop, and train underwriting and workout staff.

·        Successfully manage transaction flow to meet closing deadline requirements for clients/Borrowers and PB Capital Real Estate group.

·        Transactions underwritten include multi-family (both rental and condominium), office, retail, industrial, and hotel in a variety of geographic locations (primarily CBD locations) throughout the United States.  Transaction sizes range from low of $2 million to high of $200 million.

·        Manage a portfolio of “Workout” assets to achieve maximum reduced capital charges for each asset.

 

 

Christopher P. Henry

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UBS Americas, Inc., New York, NY                                                        2006 to 2011

Executive Director/ U.S. Head of Credit for Real Estate Credit Risk, Commercial Real Estate   (2006 to 2011)

Responsible for underwriting, valuing, analyzing, and rating large, complex opportunistic commercial real estate transactions.

 

·        Manage commercial real estate credit risk for complex transactions.

·        Structure and execute modifications, discounted payoffs, deed in lieu or foreclose to achieve best execution.

·        Perform site visits with clients/Borrowers, inspecting collateral and submarket comparables.

·        Value collateral using realistic and sustainable assumptions.

·        Manage, develop, and train underwriting staff.

·        Successfully manage transaction flow to meet closing deadline requirements for clients/Borrowers and UBS real estate group.

·        Transactions underwritten include office, retail, multi-family (both rental and condominium), industrial, and hotel in a variety of geographic locations throughout the United States.  Transaction size ranges from a low of $2 million to a high of $2 billion (with no absolute cap on upper end), including equity investments, first mortgages, and mezzanine loans/B pieces.

 

TD Banknorth, New Haven, CT                                                              2005 to 2006

Vice President, Commercial Real Estate (2005 to 2006)

Responsible for revenue generation for the northeast region through the sourcing and underwriting of opportunistic commercial real estate transactions.  Also responsible for underwriting and closing all commercial real estate loans for the division, including negotiation of commitment letters and loan documents.

 

·        Directly generated income for the division by originating and underwriting multiple product types of commercial loans for the northeast region, focusing on risk/reward appropriateness.

·        Successfully market loan products to commercial brokers, existing customers, and potential customers.

 

Bank of America, New York, NY                                                          2004 to 2005

Senior Vice President, Commercial Real Estate (2004 to 2005)

Responsible for underwriting opportunistic Portfolio/Balance Sheet commercial real estate transactions for the northeast region.

 

·        Underwrote multiple product types of commercial loans for the northeast region, focusing on risk/reward appropriateness.

·        Prepared term sheets and credit documents for senior management approval.

 

WASHINGTON MUTUAL, New York, NY                                                  2003 to 2004

Vice President, Commercial Real Estate (2003 to 2004)

Responsible for revenue generation for the northeast region through the sourcing and underwriting of opportunistic CMBS and Portfolio commercial real estate transactions.

 

·        Directly generated income for the division by originating and underwriting multiple product types of commercial loans for the northeast region, focusing on risk/reward appropriateness.

·        Successfully marketed loan products to commercial brokers, existing customers, and potential customers.

 

PEOPLE’S BANK, New Haven, CT                                                               2002 to 2003

Vice President, Commercial Real Estate (2002 to 2003)

Responsible for revenue generation for the northeast region through the sourcing and underwriting and closing of commercial real estate transactions.  Also negotiated commitment letters and loan documents.

 

·        Directly generated income for the division by originating and underwriting multiple product types of commercial loans for the northeast region, focusing on risk/reward appropriateness.

·        Successfully marketed loan products to commercial brokers, existing customers, and potential customers.

 

Bank of America Commercial Finance, Wilton, CT                   1991 to 2001

Vice President, Commercial Real Estate (2000 to 2001)

Responsible for closing all commercial real estate loans for the division, including negotiation of commitment letters and loan documents.  Provided structuring guidance to underwriters/originators on new transactions.

Christopher P. Henry

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·        Increased volume of loans presented to investment committee by advising underwriters of alternate risk-mitigating loan structures that enabled transactions to proceed.

·        Responded immediately to Borrower’s need to close transactions unusually quickly, sometimes beginning the closing process before investment committee approval, resulting in a strengthening of company reputation in the marketplace, as well as improved division operating profit.

·        Quickly negotiated alternate language/business terms in commitment letters/loan documents by anticipating Borrower concerns and making immediate decisions (with respect to acceptable alternate language), getting further internal approval when appropriate.

 

Vice President, Commercial Real Estate (1999)

Responsible for revenue generation for the northeast region through the sourcing and underwriting of opportunistic commercial real estate transactions.

 

·        Directly generated income for the division by originating and underwriting $100 million + (multiple product types) of commercial loans for the northeast region, focusing on risk/reward appropriateness.

·        Successfully marketed loan products to commercial brokers, existing customers, and potential customers, resulting in greater volume and profitability over prior years.

 

Vice President, Commercial Real Estate (1996 – 1998)

Responsible for managing $2 billion real estate portfolio and portfolio management staff of 7.

 

·        Negotiated and closed loan modifications resulting in reduced charge-offs, and in some cases, recoveries.

·        Enhanced department expertise by developing, cultivating, and promoting portfolio management staff of 7.

·        Expedited loan closings by organizing and compiling due diligence items for closer, resulting in a greater number of approved loans becoming “earning assets” on a year to year basis.

 

Director/Portfolio Manager, Commercial Real Estate (1993 – 1995)

Responsible for managing and thoroughly analyzing a portfolio of loans.

 

·        Summarized and evaluated individual loans by preparing and presenting Portfolio Reviews/Non-earning asset reports to senior management, highlighting areas of specific risk for each loan, and recommending strategies/action plan.

·        Improved overall portfolio quality by contributing to creation/addition of value to underlying collateral by review and approval of leases/subleases.

·        Averted potential “surprises” by evaluating collateral concerns through frequent site inspections, resulting in a more thorough understanding of transaction risks.

 

Senior Analyst, Commercial Real Estate/Workout Portfolio (1991 – 1992)
Responsible for “cleaning up” and monitoring a portfolio of underperforming loans.

 

·        Summarized and evaluated problem loans by preparing and presenting non-earning asset reports to senior management, addressing risk concerns and recommending workout strategies.

·        Assisted in the negotiation and closing of loan modifications, resulting in reduced write-offs.

 

General Electric Capital Corporation, Stamford, CT              1990 – 1991

Senior Analyst, Commercial Real Estate

Responsible for providing “back office” support to portfolio managers and finance group.

 

·        Serviced a $1.2 billion portfolio in a manner that enhanced company reputation in the market.

·        Assisted field office staff in gathering information for timely preparation of loan modifications.

 

Aetna Realty Investors, Inc., Hartford, CT                                      1988 – 1990

Senior Accountant

Responsible for accounting for all monthly remittances for all commercial correspondent and directly serviced loan portfolios.

 

 

Christopher P. Henry

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·        Coordinated and reconciled monthly remittances from both commercial correspondent servicers and direct Borrowers, resulting in accurate reflection /understanding of income received.

·        Assisted in review and documentation of purchases of residential loan portfolios.

 

 

EDUCATION

 

Some graduate level courses in University of Connecticut M.B.A. program

Bachelor of Science, Finance, 1986

Central Connecticut State University, New Britain, CT

 

AWARDS

 

Outstanding Achievement – study of French language and culture April, 1985

 

VOLUNTEER WORK

 

Connecticut Hospice, Branford, CT – Weekends

Education

Central Connecticut State University

1982/1986 Bachelor of Science - Finance