Advice needed: How to position ABL experience to lateral for IB?
Background: 1.5 yrs in ABL at a BB covering a variety of industries: manufacturing, distribution, materials, consumer products, etc. mainly with sub-investment grade/distressed companies. Non-target; sub 3.7 GPA.
Any advice on how to position this experience to lateral into a 1st year IB analyst role? Is another BB/EB possible or is MM more likely?
My current responsibilities include:
Underwriting various transactions (proposed M&A's, restructures, divestitures, etc.) by evaluating different credit metrics (leverage, FCCR, debt capacity). Modeling is not terribly advanced (mainly cash-flow modeling w/ no need to build out 3-statement models for the most part).
Supporting managers with deal execution/documentation (due diligence, ad-hoc analyses, running requisite internal/regulatory-required processes), as well as executing amendments (i.e. credit facility increases/decreases, etc.)
Portfolio monitoring (a.k.a. interim write-ups/reviews, reviewing financials as they come in, addressing tripped covenants & hopping on the phone/scheduling F2F meetings with clients to address liquidity issues/existing & anticipated problems)
It's been a broad experience and great learning experience so far, but am not sure I want to commit/pidgeonhole myself to this field. My feeling is that my modeling skills aren't probably up to par yet, though I do know how to build things quickly/work my way around excel efficiently.
All advice/comments are welcome. Thanks.