Katherine Jill Schmidt
Belford,NJ
Summary
Extensive analytic experience with broad spectrum of Utilities and other Municipal Finance sectors. Efficiently identify credit fundamental. Strong presentation skills, including the ability to clearly articulate credit strengths, weaknesses and recommendations.
Overview
23
23
years of professional experience
Work History
Vise President/Senior Underwriter - Public Finance
BUILD AMERICA MUTUAL
03.2013 - Current
- Analyze credits across multiple sectors for states, state agencies and local government issuers across 35 states in the eastern region of the nation
- Specialize in the underwriting of Public Power credits nationwide
- Manage new business initiative in the Public Power sector nationally
- Develop company-wide underwriting criteria for various utility sectors
- Spearhead various reinsurance projects across a variety of sectors
- Exhibit strong oral and written presentation skills, solid credit and legal analysis to executive credit committee
- Assist in determining pricing recommendations
- Market credit enhancement products to financial advisors and managing underwriters nationwide, which entails on-going client presentations, follow-up sales calls and attending major conferences
- Represent Build America Mutual via speaking engagements
- Demonstrate customer centricity, with ability to clearly articulate underwriting decisions and pricing to customers, negotiate covenants, as well as lead client meetings.
Vice President/Underwriting - Public Finance
ASSURED GUARANTY
06.2010 - 03.2013
- Analyzed credits across multiple sectors for states, state agencies and local government issuers in the eastern region of the nation
- Specialized in the underwriting of Public Power credits nationwide
- Exhibited strong oral and written presentation skills, solid credit and legal analysis to executive credit committee
- Marketed credit enhancement products to financial advisors and managing underwriters nationwide, which entails on-going client presentations, follow-up sales calls and attending major conferences
- Demonstrated customer centricity, with ability to clearly articulate underwriting decisions and pricing to customers, negotiate covenants, as well as lead client meetings.
Director - Global Corporate Power Group
FITCH RATINGS
06.2007 - 06.2010
- Evaluated historical and forecasted financial performance, assessed liquidity adequacy, monitored regulatory relationships, scrutinized debt management policies and practices, examined economic condition and analyzed overall management strategy and performance for a portfolio of 25 Investor Owned Utilities in northeast region of the United States in order to assess credit risk and rating assignments
- Facilitated meetings with utility companies' senior management; communicated ratings and ratings rationale to issuers; strong focus on relationship management
- Presented rating recommendations to a credit committee of Fitch senior executives, exhibiting strong oral and written communication skills
- Composed and published rating rational and credit update reports to be accessed by capital market participants
- Reviewed rate filings with state regulatory authorities to assess the financial impact of various scenarios related to fuel cost recovery, recovery of capital expenditures, allowed returns on equity, and impacts of environmental legislation
- Communicated with Public Service Commissioners and Staff regularly to assess regulatory relationship and climate across multiple state jurisdictions
- Monitored FERC authorizations relating to project approvals and associated authorized equity returns
- Represented Fitch at industry events.
Vice President/Risk Management/Municipal Finance/Investor Owned Utilities
FINANCIAL GUARANTY INSURANCE COMPANY
02.2004 - 05.2007
- Experienced with a broad array of debt and capital markets projects, including fixed rate bonds and variable rate demand obligations
- Managed book of over $13 billion in Investor Owned Utilities, Cooperative Utilities and Public Power exposures, monitoring credit quality of individual issuers, various portfolio concentrations, risk limits, and overall market trends within these sectors
- Established appropriate policies and procedures for credit monitoring process
- Coordinated with underwriting team regarding potential new issuances and the impact to overall portfolio
- Presented rating, risk and reserve recommendations to executive credit committee, exhibiting strong oral and written presentation skills.
Senior Associate/Vice President/Underwriter/Municipal Finance
Financial Guaranty Insurance Company
05.2002 - 02.2004
- Analyze credits across various sectors for states, state agencies and local government issuers nationally
- Exhibited strong oral and written presentation skills, solid credit and legal analysis to executive credit committee
- Marketed credit enhancement products to financial advisors and managing underwriters nationwide, which entailed on-going client presentations, follow-up sales calls and attending major conferences
- Assisted in determining pricing recommendations
- Demonstrated customer centricity, with ability to clearly articulate underwriting decisions and pricing to customers, negotiated covenants, as well as led client meetings.
Associate Analyst - Municipal Finance Regional Ratings Group
MOODY'S INVESTORS SERVICE
08.2000 - 05.2002
- Analyzed relative credit risk of municipal securities including general obligation, dedicated revenue, lease/certificates of participation, excise tax and other cash flow secured debt
- Evaluated historical and expected financial performance, debt management, economic condition and overall management performance of municipalities in the southeast region
- Developed and maintained analytic models and current credit ratings for a portfolio of 400+ credits
- Represented Moody's by attending industry events
- Prepared credit reports and co-authored published industry articles.
Education
Masters of Business Administration - Finance and Investments
BARUCH COLLEGE
Bachelor of Science - Accounting
CLARKSON UNIVERSITY
Skills
- Utilities
- General Obligation
- Special Tax
- Higher Education
- Appropriation
- Transportation
Timeline
Vise President/Senior Underwriter - Public Finance
BUILD AMERICA MUTUAL
03.2013 - Current
Vice President/Underwriting - Public Finance
ASSURED GUARANTY
06.2010 - 03.2013
Director - Global Corporate Power Group
FITCH RATINGS
06.2007 - 06.2010
Vice President/Risk Management/Municipal Finance/Investor Owned Utilities
FINANCIAL GUARANTY INSURANCE COMPANY
02.2004 - 05.2007
Senior Associate/Vice President/Underwriter/Municipal Finance
Financial Guaranty Insurance Company
05.2002 - 02.2004
Associate Analyst - Municipal Finance Regional Ratings Group
MOODY'S INVESTORS SERVICE
08.2000 - 05.2002
Masters of Business Administration - Finance and Investments
BARUCH COLLEGE
Bachelor of Science - Accounting
CLARKSON UNIVERSITY
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