Asset Manager - Debt

Keybank National Association • Cleveland, OH

112d

About The Position

Community Development Lending and Investments (CDLI) is seeking a self-starting associate to play a critical role in achieving KeyBank's goal of supporting affordable housing and community development throughout the country. This role will be responsible for the asset management of a defined portfolio of debt instruments. The Asset Manager manages risks inherent to lending by analyzing loan performance, property performance, financial results, sponsor information, market conditions, and more. This position would have primary responsibility for managing construction loans, bridge loans, interim loans, perm loans, subscriptions lines and equity bridge financing primarily tied to Low Income Housing Tax Credit (LIHTC) or other affordable housing projects. The Asset Manager works closely with Analysts, Underwriters, Relationship Managers, Closers, Service Officers and other internal parties as well as our clients to ensure all debt instruments are appropriately risk rated, covenants are met, and risks are understood, documented, and mitigated.

Requirements

• Bachelor's degree in business, accounting, finance or a related field and 2-5 years of direct experience.
• Strong understanding of financial reports/documents including operating statements, balance sheets, and budgets as well as legal documents such as loan documents and partnership agreements.
• Ability to work under pressure, manage concurrent responsibilities, and change focus based on shifting priorities.
• Excellent analytical, interpersonal, and communication skills.
• Ability to work independently and in collaboration with others towards shared goals.
• Outstanding credit skills, analytical skills, and financial acumen.
• Excellent problem-solving skills.
• Ability to learn quickly and apply skills and concepts across various situations.
• Uses time effectively and efficiently; can attend to a broad range of activities and keep projects/tasks moving forward within a reasonable and quick timeframe, if necessary.

Nice To Haves

• Strong background and experience in affordable housing, real estate debt asset management, or community development.
• Experience with tax credit financing and the Low-Income Housing Tax Credit.
• Experience managing various debt instruments including construction loans, bridge loans, interim loans, permanent loans, subscriptions lines and equity bridge financing.

Responsibilities

• Proactively manages the portfolio to maximize profitability and ensure strong asset quality through consistent and timely identification and resolution of issues as well as accurate assessment and assignment of loan risk ratings.
• Serves as a trusted advisor to clients and prospects, establishing strong credibility with internal and external stakeholders based on sound judgement and accurate and timely information sharing.
• Delivers timely and accurate completion of write-ups, loan analysis, and identification of transaction performance, strengths, and weaknesses.
• Coordinates and completes annual reviews, loan renewals, quarterly portfolio reviews, and asset quality reports on a timely basis.
• Monitors assigned portfolio for adherence to approved loan requirements and manages past dues, requirement ticklers, portfolio follow-up, credit files, etc.
• Works with Portfolio Services department to facilitate completion of annual reviews and property inspections, monitoring of covenant compliance and other items to secure the Banks position and avoid potential losses.
• Contributes knowledge or advises on deal underwriting with the ability to understand the important balance of business development and asset quality requirements.
• Ensures compliance with internal risk rating standards to ensure effective internal reviews resulting in acceptable outcomes.
• Leads team initiatives to improve data integrity, portfolio monitoring, and risk management processes.
• Develops and trains asset management analysts.

Benefits

• A competitive base salary + discretionary bonus.
• Generous benefits - 401(k) matching (dollar-for-dollar up to 7%), PTO, comprehensive healthcare packages, fitness and tuition reimbursement and so much more.
• Paid on the job training.
• Be part of a specialized team that values our client relationships by developing a deep understanding of their needs with a focus on the full long-term solution.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees