David Burger Email & Phone Number

Danbury, Ct

Senior workout/restructuring resource supporting the Commercial Distribution Finance business vertical. Major focus on the restructuring of manufacturing partners while mitigating risk in the served dealer base.

Stamford, Ct

Orchestrated workout operations for a diverse portfolio of Agented and non-Agented commercial exposures.. Executed and implemented strategies, processes, and frameworks to achieve deliverables while maximizing productivity and efficiency. I have lead, trained, and mentored team members to inspire outstanding performance. Some of my core contributions include:  Fostered collaborative relationships with key stakeholders including attorneys, clients, advisors, and internal Bank teams to successfully develop creative restructuring agreements, mitigate risk, and maximize returns. Achieved over $1M in fees to date by taking a consultative approach to client relations. Facilitated the structuring and negotiation of complex Chapter 11 bankruptcy and out-of-court troubled debt deals for a variety of high-value transactions. Leveraged exceptional analytical skills and industry knowledge to draft reports for Executive approval. Utilized a range of methodologies to verify and validate valuations including enterprise, appraisal, collateral, net present value, legal, and field exam review analysis.

Cheshire, Ct

In this role, developed innovative restructuring deals in consultation with numerous stakeholders to achieve maximum portfolio returns while remaining within agreed risk parameters. Created credit/lending policies and ensured that all activities and workstreams were carried out in accordance with internal guidelines and regulatory compliance standards. Highlights included the following:  Maximized recoveries while protecting existing relationships across a variety of Agented and non-Agented middle market transactions using expert strategic planning and operational skills.  Gained a comprehensive insight into several core platforms including debt-for-equity financings, Chapter 11 financings, and a range of other complex structures.  Ensured that best practice principles in loan workout, impairment testing, and SOX testing were strictly administered throughout the team to mitigate risk. Established an early warning detection system and various tools to offset risk at all levels of the organization while developing exit strategy, credit and collateral quality, and anticipated recovery.

Spearheaded the Strategic Accounts Team within Commercial Distribution Finance and Franchise Finance including ongoing collaboration with Portfolio Management Teams to deliver specialist guidance and subject matter expertise in structuring distressed debt/non-performing loan relationships. Trained underwriting team members and created robust strategic frameworks for the resolution of challenged credits while maintaining compliance with risk parameters and compliance standards. Some of my accomplishments included: Successfully achieved loss targets to mitigate risk and maximize returns for the organization.  Tracked and analyzed flagged accounts to detect early warning signs in line with best practice standards. Developed a reputation for exceeding management expectations across core operations including delinquency/non-earning asset reductions, loan losses, and resolutions while protecting client relations. Dealt with a wide variety of deal structures, brands, and collateral while managing Agented and bilateral transactions. Leveraged data-driven insights to inform strategic decision-making and enhance performance against targets. Provided strategic and tactical best practices to vertical business units Directly engaged on most complex and challenging exposures Coordinated with portfolio management teams to provide advice and guidance on structure on stressed relationships Drove emphasis on liquidity, collateral quality and borrower compliance Directly managed and consulted on a variety of transactions, pre- and post-bankruptcy filing over diverse brands, collateral and structure Drove best practices and lessons learned sessions across all served units Provided input to underwriting teams on new business opportunities Aggressively managed the portfolio to mitigate risk while achieving all loss targets Fostered collaboration, clear communication and solidarity in achieving business goals

Restructuring/Workouts