Richard Egan Email & Phone Number

Dublin Ireland

Bloom House, Gloucester Square, Dublin 1. D01 C576

Bankcentre, Ballsbridge, Dublin 4

Leinster

Due Diligence Senior Manager worked as part of the Bank's Acquisition team, producing various solutions to purchasing loan portfolios of exiting Banks and established funds. My responsibilities involve the completion of a Bank due diligence process, analysing complex financial scenarios and stress testing, developing templates and underwriting parameters to ensure a consistent approach to underwriting interlinked with Bank of Ireland policies.

The management of a team of three with a diversified portfolio of c. €280m distressed property backed loans including my own portfolio of cases c. €150m. The team successfully hit 100% of its targets.The provision and implementation of complex restructures and litigations cases which have resulted in the deleveraging of risk and significant balance sheet reduction for BOS plc (c. €90m since the inception of Certus, which includes c. €80m from January to December 2013)… Show more The management of a team of three with a diversified portfolio of c. €280m distressed property backed loans including my own portfolio of cases c. €150m. The team successfully hit 100% of its targets.The provision and implementation of complex restructures and litigations cases which have resulted in the deleveraging of risk and significant balance sheet reduction for BOS plc (c. €90m since the inception of Certus, which includes c. €80m from January to December 2013). Negotiated and liaised with borrowers, insolvency practitioners, legal advisors and other third parties to provide recommendations to the Bank on successful restructuring proposals, leading to accelerated customer exits and a 40% balance sheet reduction for the Bank.Collaborated in the creation of data rooms that allowed the Bank to sell a number of loan portfolios at a greater than anticipated return.The management of ongoing litigations / legal actions which involves liaising with legal advisors and the review and preparation of affidavits as well as recommending strategies to the Bank.The completion of internal databases and systems to reflect loan exposure risk and compliance with regulatory requirements i.e. ensuring divisional adherence to the SME code, identification of legal events and the completion of ad hoc reports to the financial regulator at month end. Show less

Managed a portfolio of c. €120m high risk and complex connections Financial modelling: analysis of company’s financial performance and debt service capability under management, bank and sensitivity scenarios in order to recommend strategies to the Bank while also accessing impaired / bad debt provisions within delegated authorities. Devised and negotiated action plans with customers, driving and monitoring them to ensure they lead to early repayment with minimum loss and risk… Show more Managed a portfolio of c. €120m high risk and complex connections Financial modelling: analysis of company’s financial performance and debt service capability under management, bank and sensitivity scenarios in order to recommend strategies to the Bank while also accessing impaired / bad debt provisions within delegated authorities. Devised and negotiated action plans with customers, driving and monitoring them to ensure they lead to early repayment with minimum loss and risk to the Bank. Show less

Managed a team of nine relationship managers with various amounts of experience in the recovery of a large portfolio of c. €380m loans. The team successfully hit 100% of its targets.Oversight for all completions letters, debt manager, termination letters, cases going legal, credit reports to Credit Committees within delegated authorities. Preparing quarterly manual Provision Pack Reports for Commercial Asset Finance Nationwide and Asset Finance Provisions Forum to the various… Show more Managed a team of nine relationship managers with various amounts of experience in the recovery of a large portfolio of c. €380m loans. The team successfully hit 100% of its targets.Oversight for all completions letters, debt manager, termination letters, cases going legal, credit reports to Credit Committees within delegated authorities. Preparing quarterly manual Provision Pack Reports for Commercial Asset Finance Nationwide and Asset Finance Provisions Forum to the various Credit Committees. Organise, plan and implement monthly Portfolio Reviews with all Area Managers and key Stakeholders.Early identification of non-performing cases and negotiating and implementing work-out strategies for non-performing loans. Show less

Group Deposits Manager - Secondment for 1 year Exceeded targets to deliver in excess of €50m in new business through lead generation (via new business corporate SME’s, Group Deposits database, product and marketing campaigns and fund managers) and business development at the height of the global financial crisis

Responsible for the management of a team of 7 senior account managers within the Corporate Asset Finance department to deliver the successful growth and development of new business.Utilised exceptional account management skills to establish and develop strong customer relationships and deliver high quality service to ensure repeat business.Meeting and exceeding targets for revenue and sales to deliver in excess of €80m in new Corporate Asset Finance business annually… Show more Responsible for the management of a team of 7 senior account managers within the Corporate Asset Finance department to deliver the successful growth and development of new business.Utilised exceptional account management skills to establish and develop strong customer relationships and deliver high quality service to ensure repeat business.Meeting and exceeding targets for revenue and sales to deliver in excess of €80m in new Corporate Asset Finance business annually encompassing notional gross profits, sales volumes, margin, credit insurance and fee income.Implemented and delivered the Preliminary Tax Product for BOSI during October / November annually to increase BOSI margin, sales volumes and market share of PT through third party professionals.Prepared credit papers and financial analysis for existing and new corporate customers while presenting to the various Credit Committees within delegated authorities. Show less

Successfully targeted new business directly and existing Lombard Ireland Limited clients for commercial asset finance business.Built strong relationships with Business Banking / Property lenders through cross selling asset finance products and identified new business opportunities for the bank.Maintained and built excellent relationships with existing client base. Exceeded defined individual and team targets.Prepared Credit Report’s for Credit Committees

Professional Diploma In Financial Advice (Qfa)

NFQ - Level 7 Qualification

Ba Honours Degree In Business Management

Leaving Cert

Activities and Societies: JCT & SCT Rugby teams, Soccer & Athletics’ teams, and Student Council Representative