Location:

127 Public Square - Cleveland, Ohio 44114

The Portfolio Management Associate will be responsible for performing financial analysis and preparing underwriting documents to support complex, multimillion-dollar corporate credit requests including acquisition financings, working capital facilities, and other pro rata debt transactions. Such requests include obtaining initial approval for new credit exposure (i.e., revolving credit facilities, term loans, leases, foreign exchange products, derivatives products, and other ancillary products) and amendments to existing exposure.  Additionally, the Portfolio Management Associate will take ownership of ongoing credit monitoring for a portfolio of corporate clients, reviewing legal documentation, and assisting product partners in cross-selling additional bank products. The Portfolio Management Associate will primarily work on syndicated loan transactions for large corporate and upper middle market clients, supporting the Diversified Industries and other industry coverage verticals within KeyBanc Capital Markets, as well as the Middle Market line of business.

ESSENTIAL JOB FUNCTIONS

Take a leadership role in driving the diligence process for new debt transactions.Gather and analyze all relevant financial data for a client or prospect, including spreading financial statements, analyzing historical performance, accurately calculating credit metrics, identifying risks and mitigants, assessing creditworthiness, etc.Model future financial performance of clients and prospects, including downside scenarios.Prepare a thorough credit underwriting document identifying credit risks and mitigants, industry concerns, market share trends, financial trends, and other pertinent credit issues.Perform enhanced Leveraged Cash Flow due diligence, when appropriateAssist Syndications/Relationship Managers in structuring transactions, as applicable.Work closely with assigned Acuity analyst, who provides outsourced analytical support.Lead internal credit discussions and answer questions from Credit Executives when appropriate.Manage the approval process for lending commitments, amendments, waivers, and consents, including making recommendations to Credit ExecutivesEnsure compliance with all Know Your Customer (“KYC”) regulations.Review all necessary legal documentation including credit agreements, guarantees, security pledges, and collateral documentation in order to ensure that the documentation correctly reflects approval. Work closely with outside counsel, as applicableProperly maintain documentation and necessary business recordsMonitor the ongoing financial performance of portfolio companies and track covenant compliance.Conduct periodic plant or site visits to monitor business conditions and attend client/bank meetings when appropriate; establish rapport and direct interaction with clients’ C-suite.Proactively identify potential problem credits and work to improve the Bank's position in undesirable situations.Prepare white papers on assigned industry segments, as requested.Assist product partners in cross selling additional bank products.

REQUIRED COMPETENCIES/SKILLS

Experience with / knowledge of secured and unsecured corporate cash flow lendingDemonstrated ability to accurately assess corporate creditworthiness and independently create a detailed and thorough underwriting package.Demonstrated competence in financial analysis and financial modeling, with formal training in financial accounting.Familiarity with corporate banking products such as Enterprise Commercial Payments (“ECP”), Foreign Exchange (“FX”), Derivatives, etc.Solid understanding of fundamental Investment Banking and Corporate Finance conceptsAbility to plan, multi-task, manage time effectively, and work independently with limited direction.Comfort working in a capital markets environment with short turnaround times.Comfort with ambiguity and an ability to solve problems where no clear solution is obvious.Ability to communicate professionally, competently, and persuasively in verbal and written formats.

REQUIRED QUALIFICATIONS

Minimum of three (3) years of experience in corporate credit Portfolio Management/Credit Risk/Relationship ManagementUndergraduate degree in Finance, Accounting, Economics, Business, or equivalent work experience

This position is not eligible for employment visa (e.g., H-1B) sponsorship. Applicants must be authorized to work in the United States on a full-time basis.

Job Posting Expiration Date: 11/29/2024

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

 

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.