Associate, Portfolio Management (Diversified)

Location:

The preferred location for this position is Cleveland, OH, with a hybrid work model requiring in-office presence 3 days per week. If outside of KeyBank's footprint the position can be remote.

Job Summary
The Associate, Portfolio Management is an individual contributor responsible for performing financial analysis and preparing underwriting documents to support multimillion-dollar corporate credit requests that grow funded assets and Key's client base, while maintaining asset quality within a moderate risk profile. These requests include obtaining initial approval for new credit exposure (e.g., revolving credit facilities, term loans, leases, foreign exchange products, derivatives products, and other ancillary products) and amendments to existing exposure. Additionally, the Associate, Portfolio Management is responsible for ongoing credit monitoring and risk rating for a portfolio of corporate clients with a complexity profile commensurate to experience (primarily participations in other bank's syndicated deals), reviewing legal documentation, and assisting product partners in cross-selling additional bank products. This individual should demonstrate emerging leadership skills within credit underwriting and portfolio management; they may work somewhat independently, or in conjunction with/under the supervision of other Portfolio Managers (PMs) on a deal team, providing feedback and guidance to Analysts and third-party staff as appropriate. As part of the first line of defense, Associate PMs are expected to consistently demonstrate a solutions-oriented, growth mindset that is supportive of line of business goals while still maintaining a moderate risk appetite and upholding asset quality.

Responsibilities

• Gather and analyze all relevant financial data for clients or prospects, including spreading financial statements and/or collaborating with third party vendor to ensure accuracy of financial spreads statements, analyzing historical performance, accurately calculating credit metrics, identifying risks and mitigants, and assessing creditworthiness, etc. while effectively utilizing and providing feedback to, third party resources.
• Model future financial performance of clients and prospects, including downside scenarios.
• Assist Business Partners/Bankers/Relationship Managers in structuring transactions.
• Perform enhanced leveraged cash flow due diligence, when appropriate (i.e., in specific Banking Group Portfolio Management, "BGPM" specialty groups).
• Prepare a thorough credit underwriting document identifying credit risks and mitigants, industry concerns, market share trends, financial trends, and other pertinent credit issues.
• Ensure compliance with all relevant regulations including Know Your Customer (KYC), running MCA/Patriot Act/OFAC checks as well as certifying Beneficial Ownership.
• Manage the approval process for lending commitments, amendments, waivers, and consents, including providing monitoring, reporting and/or making recommendations to Credit Executives as appropriate.
• Review and properly maintain all necessary legal documentation including credit agreements, guarantees, security pledges, and collateral documentation to ensure that the documentation correctly reflects approval.
• Monitor accounts/ongoing financial performance of portfolio to track covenant compliance, determine liquidity, earnings trends, management capability and other essential information to secure the bank's position to minimize potential losses. Ensure data integrity in Key's systems and reporting and that all assets remain appropriately risk rated at all times, with timely changes.
• Identify potential problem accounts and work with our Asset Recovery Group, as appropriate, to improve the bank's position in undesirable situations.
• Establish and maintain direct client relationships. Attend management presentations, bank meetings and conduct plant/site visits as appropriate to monitor business conditions and/or identify new underwriting, and/or additional bank product opportunities.
• Contribute to white papers, as requested, prepared by Industry groups.
• Provide guidance and feedback to Analysts as appropriate.
• Gather and prepare data in response to ad hoc data requests
• Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
• Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key.

Education Qualifications

• Bachelor's Degree or equivalent work experience in finance, accounting, economics and/or business (required)
• Master's Degree /MBA (preferred)

Experience Qualifications

• Minimum of 3 years of commercial underwriting, credit, banking and/or financial services experience (required)
• Competent with Microsoft Office and the ability to learn and effectively utilize other technology applications (required)
• Competent in financial analysis and modeling (required)
• Ability to gather relevant research, analyze data, and synthesize large amounts of information to accurately assess corporate creditworthiness and create a detailed and thorough underwriting package (required)
• Emerging experience structuring meaningful and appropriate financial covenants for syndicated debt facilities (required)
• Ability to lead discussions with clients and act as the primary lending representative on deal execution as needed under supervision/guidance from senior leaders as appropriate (required)
• Foundational knowledge of business and legal elements of credit agreements, and the ability to work with counsel and collaborate through document negotiations on agented transactions and/or assist lead syndicator in document negotiations (required)
• Foundational understanding of banking and investment banking products and services (required)
• Effective presentation and communication skills, with the ability to collaboratively make an impact (required)
• Ability to plan, multi-task, manage time effectively, and frequently lead work independently, with supervision of senior team members as needed (required)

Tactical Skills

• Financial & Credit Acumen (experienced) ◦ Demonstrates an understanding of foundational accounting principles and can interpret and analyze financial statements (balance sheets, income statements, cash flow statements) to assess a company's financial health and ability to meet its obligations. ◦ Able to effectively utilize various tools and techniques, including financial ratios, to evaluate a borrower's financial strength and assess risk.
• Sound Judgement (experienced) ◦ Able to carefully evaluate the impact of all emerging and/or existing considerations and choose the best path forward using informed, rational, and effective decision-making techniques in various lending and business situations.
• Communication (experienced) ◦ Able to clearly, concisely, and persuasively convey information, whether verbal, written, or nonverbal. ◦ Able to effectively synthesize large amounts of complex information into a more consumable summary. ◦ Consistently demonstrates a focus on keeping clients, partners, and teammates informed as to the real-time status of important matters.
• Effective Transaction Management (experienced) ◦ Able to effectively shepherd a transaction through all required stages, while staying organized, meeting deadlines, managing risk, and ensuring a favorable experience for the client.
• Effective Risk Management including Loan Documentation (experienced) ◦ Able to effectively identify, assess, and control potential risks involved with corporate lending. ◦ Properly grading loans to reflect their risk level and ensuring accurate risk ratings. ◦ Able to effectively interpret and negotiate credit agreements and loan documentation. ◦ Understanding how specific loan terms and conditions can be employed to mitigate risk of loss. ◦ Ensure accuracy in loan documentation and seek credit approval related to documentation that deviates from Key’s standard form (e.g. ISDAs)
• Proactive Time Management (experienced) ◦ Demonstrated ability to take initiative, set clear objectives, and prioritize tasks to meet deadlines, maximize productivity, and minimize stress. ◦ Able to successfully identify which tasks are urgent (requiring immediate attention) and which are important (contributing to long-term goals). ◦ Able to effectively multitask and balance competing priorities. ◦ Habitually working with energy and commitment; industrious.
• Collaboration & Teamwork (experienced) ◦ Effectively working with others to reach a shared goal. ◦ Consistently displaying a willingness to shoulder a fair share of the workload in addition to helping others meet their objectives.
• Accountability (expert) ◦ Consistently taking ownership of one's actions, decisions, and performance, and being responsible for achieving the agreed-upon outcomes. ◦ Being reliable, dependable, and fulfilling commitments. ◦ Able to be relied upon as honest and truthful.
• Resilience & Ability to Manage Ambiguity (working knowledge) ◦ Able to withstand or recover quickly from stressful or difficult conditions. ◦ Able to move forward with less than perfect, or incomplete, information and ability to flexibly and comfortably adapt to changing work demands.
• Critical Thinking & Intellectual Curiosity (experienced) ◦ Able to identify, evaluate, and interpret information, and question assumptions to reach well-supported, evidence-based conclusions. ◦ Open-minded and eager to seize opportunities to learn, grow, acquire knowledge, and expand skill set.
• Leadership & Influencing (working knowledge) ◦ Demonstrates the ability to influence and inspire, motivate, empower, and guide others towards a common goal. ◦ Consistently displays the highest standards, values, and behaviors, inspiring others to follow, and setting a model for excellence.

Core Competencies

• All KeyBank employees are expected to demonstrate Key’s Values and sustain proficiency in identified Leadership Competencies.

Physical Demands

• General Office - Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.

Travel

• Occasional travel to include overnight stay.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $85,000 to $115,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance. 

Please click here for a list of benefits for which this position is eligible.

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.

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