Debt AM Interview
What are some “must know” things for an interview for a debt asset management role? I assume understanding metrics like DCSR, LTV etc and loan docs/covenants etc. what else is important?
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Dont do debt AM.
Troll post. Debt AM is a top role. Look at Bellwether exit ops
Why
Fundamentals of credit analysis, accounting to understand reconciliations with covenant certificates and the impact of waivers, credit ratings
What kind of shop is it?
Top 10 bank in US. they do balance sheet lending, agency lending etc.
Credit metrics like dscr/dy are important, but most of the bank jobs in debt AM are about reporting/surveillance and covenant management.
I would be looking for someone detail oriented, organized, personable and willing to learn. I would be less concerned about hard modeling skills, but it would be a big bonus if you have them.
Over the long term, it would be about establishing relationships with the groups that make lending work - legal, compliance, risk, servicing, accounting, etc., being exposed to default/NPL/workout scenarios.
If you transitioned to a high yield shop it would be more about exposure to value-add/opportunistic business plans, how back leverage works and heavier surveillance/workout situations.
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