Associate Portfolio Management OR Analyst, Portfolio Management (Leveraged Loans Team)

KeyBank • Cleveland, OH

2d • $80,000 - $150,000 • Hybrid

About The Position

KeyBank is hiring one person at either the Associate Portfolio Management or Analyst, Portfolio Management level on its Leveraged Loans Team. The selected candidate’s job profile and compensation will depend on experience, qualifications, and relevant industry expertise. The position is part of Banking Group Portfolio Management (BGPM), which underwrites new loan opportunities and manages loan portfolios across multiple industry and business segments. The role is an individual contributor supporting multimillion-dollar corporate credit requests and complex leveraged transactions, including LBOs, MBOs, go-privates, and recapitalizations. The work supports growth in funded assets and Key’s client base while maintaining asset quality within a moderate risk profile.

The Associate supports financial analysis, underwriting, credit monitoring, risk rating, legal-documentation review, and cross-selling of bank products. The role may involve managing a portfolio of corporate clients, with complexity appropriate to experience, and providing guidance to Analysts and third-party staff. The Leveraged Loans Associate also assists with leveraged cash flow (LCF) modeling, transaction underwriting and diligence, annual reviews, and, with experience, ongoing management of an unspecified number of leveraged credit relationships.

The Analyst supports the Portfolio Management team with financial analysis and underwriting documents, ongoing credit monitoring and risk rating, and gathering and reviewing legal documentation. The Analyst works independently on assigned tasks but generally under Portfolio Manager supervision, and assists with LCF modeling, diligence, new transactions, and annual reviews.

Both levels contribute to the approval and monitoring of new and existing credit exposure, including revolving credit facilities, term loans, leases, foreign exchange and derivatives products, amendments, waivers, and consents. The role works with bankers, relationship managers, syndications, senior Portfolio Managers, and Credit Executives, and may participate in client and management meetings and site visits. The position is based at 127 Public Square in Cleveland, Ohio, with a hybrid work arrangement requiring three or more days per week in the office. Occasional overnight travel may be required.

Requirements

• Associate level: Minimum of 3 years of commercial underwriting, credit, banking, and/or financial services experience.
• Analyst level: Experience in financial and/or borrower analysis.
• Analyst level: Bachelor’s degree or equivalent work experience in finance, accounting, economics, and/or business, or equivalent experience.
• Competence with Microsoft Office and ability to learn and use other technology applications; significant Microsoft Excel experience is specified.
• Proficiency in financial analysis and financial modeling, including understanding fundamental corporate finance concepts.
• Ability to research, analyze, and synthesize financial and other information to assess corporate creditworthiness and produce underwriting materials.
• Understanding of foundational accounting principles and ability to interpret financial statements and use financial ratios to assess borrower strength and risk.
• Ability to identify, assess, and manage corporate lending risks, maintain accurate risk ratings, and understand how loan terms and conditions mitigate loss.
• Ability to communicate effectively in written and verbal formats and synthesize complex information for different audiences.
• Ability to plan, prioritize, multitask, manage deadlines, and work independently as appropriate, with senior-team supervision or guidance as needed.
• Ability to collaborate effectively, take ownership of work, meet commitments, and act professionally and ethically.
• Ability to make informed decisions, think critically, learn, and adapt to changing demands and incomplete information.
• Analyst level: Ability to support the review of credit agreements and loan documentation and understand the role of documentation in risk management.
• Associate level: Ability to interpret and negotiate loan documentation and seek credit approval for documentation deviating from Key’s standard form, as applicable.
• Associate level: Emerging experience structuring financial covenants for syndicated debt facilities and developing experience managing the left-lead or administrative-agent role in syndicated deals.
• Associate level: Ability to lead client discussions and act as primary lending representative on deal execution when needed, with appropriate senior guidance.
• Associate level: Foundational knowledge of credit-agreement business and legal elements, and ability to work with counsel on document negotiations for agented transactions or support lead syndicators.
• Analyst level: Bachelor’s degree or equivalent work experience in finance, accounting, economics, and/or business is required; the posting also lists equivalent experience as required.
• The role requires prolonged sitting, face-to-face or telephone communication, frequent use of a PC or laptop, and occasional lifting, pushing, or pulling of computer bags or backpacks up to 10 pounds.
• Occasional travel, including overnight stays, may be required.
• Hybrid work arrangement requiring at least three days per week in the office.

Nice To Haves

• Associate level: One or more years of leveraged finance experience.
• Associate level: Bachelor’s degree or equivalent work experience in finance, accounting, economics, and/or business is preferred.
• Associate level: MBA or other master’s degree is preferred.
• Analyst level: Experience preparing credit write-ups and/or capital markets analysis.
• Analyst level: At least one year of banking experience.

Responsibilities

• Gather and analyze client or prospect financial data, spread financial statements, review historical performance, calculate credit metrics, identify risks and mitigants, and assess creditworthiness.
• Model future financial performance, including downside scenarios; for leveraged transactions, assist with or perform leveraged cash flow modeling and due diligence.
• Assist bankers, business partners, relationship managers, and syndications in structuring transactions.
• Prepare credit underwriting documents describing credit risks and mitigants, industry and market considerations, financial trends, and other relevant credit issues.
• Support or manage lending approval processes for commitments, amendments, waivers, and consents, including monitoring, reporting, recommendations, and responses to Credit Executive questions as appropriate.
• Support compliance with applicable regulations and Know Your Customer requirements, including relevant checks and beneficial ownership certification as applicable to the Associate role.
• Review, maintain, and ensure accuracy of legal and business documentation, including credit agreements, guarantees, security pledges, and collateral documents.
• Monitor portfolio financial performance, covenant compliance, liquidity, earnings trends, management capability, and risk ratings; maintain data integrity in Key’s systems and reporting.
• Identify potential problem accounts or credit concerns and escalate or work with the appropriate teams, including Asset Recovery Group where applicable.
• Participate in management presentations, bank meetings, and site visits to monitor business conditions, creditworthiness, and potential product opportunities.
• Conduct issuer and borrower research and analysis across sectors, including in-depth analysis using in-office collaboration and on-site resources.
• Assist with annual reviews and quarterly portfolio reporting for existing clients and leveraged transactions.
• For the Associate role, take ongoing portfolio-management ownership of an unspecified number of leveraged transactions and handle annual reviews, reporting, amendment and waiver requests, and add-on acquisition requests as applicable.
• For the Associate role, establish and maintain direct client relationships and assist product partners with cross-selling bank products.
• Provide guidance and feedback to Analysts as appropriate at the Associate level.
• Contribute to industry-group white papers and respond to ad hoc data requests as requested.
• Maintain necessary business records and comply with KeyBank policies, procedures, values, and Code of Conduct.
• Perform other duties as assigned; duties and responsibilities may change.

Benefits

• Eligible for incentive compensation, which may include production, commission, and/or discretionary incentives.
• Benefits are referenced through a separate benefits list, but specific benefits are not listed in the posting.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level