Associate Portfolio Management (Commercial Upper Middle Market Team)

KeyBank • Cincinnati, OH

6d • $80,000 - $150,000 • Hybrid

About The Position

The Associate, Portfolio Management is an individual contributor on the Commercial Upper Middle Market Team. The role performs financial analysis and prepares underwriting documents to support multimillion-dollar corporate credit requests, grow funded assets and the client base, and maintain asset quality within a moderate risk profile. Credit requests may include new revolving credit facilities, term loans, leases, foreign exchange products, derivatives, other ancillary products, and amendments to existing exposure.

The Associate supports ongoing credit monitoring and risk rating for a portfolio of corporate clients whose complexity is commensurate with the Associate’s experience, primarily through participation in other banks’ syndicated deals. The role reviews legal documentation and assists product partners with cross-selling bank products. Associate Portfolio Managers demonstrate emerging leadership in credit underwriting and portfolio management, working independently or with Portfolio Managers on deal teams and providing feedback and guidance to Analysts and third-party staff as appropriate. As a first line of defense, they support business goals while maintaining a moderate risk appetite and upholding asset quality.

The position is hybrid, with at least three days per week in the office. Occasional travel, including overnight stays, may be required.

Requirements

• At least 3 years of commercial underwriting, credit, banking, and/or financial services experience.
• Bachelor’s degree or equivalent work experience in finance, accounting, economics, and/or business is preferred.
• Competence with Microsoft Office and ability to learn and use other technology applications.
• Competence in financial analysis and modeling, including foundational accounting knowledge and the ability to interpret financial statements and use financial ratios to evaluate borrower strength and risk.
• Ability to research, analyze, and synthesize information to assess corporate creditworthiness and prepare detailed underwriting packages.
• Ability to make informed lending and business decisions, communicate complex information clearly, and manage transactions through required stages while meeting deadlines and managing risk.
• Ability to identify, assess, and control corporate lending risks; assign appropriate loan risk grades; interpret and negotiate credit agreements and loan documentation; and understand how loan terms mitigate risk.
• Ability to ensure loan documentation accuracy and seek credit approval for documentation that deviates from Key’s standard forms, such as ISDAs.
• Ability to take initiative, prioritize and multitask, manage time effectively, work collaboratively, and frequently lead work independently with senior-team supervision as needed.
• Demonstrated ownership, reliability, honesty, and accountability for decisions, actions, and outcomes.
• Ability to adapt to stressful or changing work demands and proceed with incomplete information.
• Ability to evaluate information, question assumptions, and reach evidence-based conclusions, with openness to learning and developing skills.
• Emerging experience structuring appropriate financial covenants for syndicated debt facilities.
• Developing experience managing the left-lead/administrative-agent role in syndicated deals.
• Ability to lead client discussions and represent the lender in deal execution under senior-leader supervision or guidance as appropriate.
• Foundational knowledge of business and legal aspects of credit agreements, including working with counsel and collaborating on document negotiations for agented transactions or assisting a lead syndicator.
• Foundational understanding of banking and investment banking products and services.
• Effective presentation and communication skills and the ability to collaborate and influence others.

Nice To Haves

• Master’s degree in Business Administration (MBA) is preferred.

Responsibilities

• Gather and analyze financial information for clients and prospects, spread financial statements or collaborate with third-party vendors to ensure accurate spreads, assess historical performance, calculate credit metrics, identify risks and mitigants, and evaluate creditworthiness.
• Model future financial performance, including downside scenarios.
• Assist Business Partners, Bankers, and Relationship Managers with transaction structuring.
• Perform enhanced leveraged cash flow due diligence when appropriate for designated specialty groups.
• Prepare thorough credit underwriting documents addressing credit risks and mitigants, industry concerns, market share and financial trends, and other relevant credit issues.
• Ensure compliance with relevant regulations and processes, including Know Your Customer requirements, MCA/Patriot Act/OFAC checks, and Beneficial Ownership certification.
• Manage approvals for lending commitments, amendments, waivers, and consents, including monitoring, reporting, and recommendations to Credit Executives as appropriate.
• Review and maintain legal documentation, including credit agreements, guarantees, security pledges, and collateral documentation, to ensure it reflects the approved terms.
• Monitor portfolio accounts and ongoing financial performance, including covenant compliance, liquidity, earnings trends, and management capability; maintain data integrity and ensure assets have timely and appropriate risk ratings.
• Identify potential problem accounts and work with the Asset Recovery Group as appropriate to improve the bank’s position.
• Establish and maintain direct client relationships; attend management presentations and bank meetings and conduct plant or site visits as appropriate to monitor business conditions and identify underwriting or product opportunities.
• Contribute to industry-group white papers as requested.
• Provide guidance and feedback to Analysts as appropriate.
• Gather and prepare information in response to ad hoc data requests.
• Perform other assigned duties, which may change or be added at any time.
• Comply with KeyBank policies and procedures, act professionally and ethically, avoid conflicts of interest, and act in the best interests of clients and Key.

Benefits

• Eligibility for incentive compensation, which may include production, commission, and/or discretionary incentives.
• Flexible options for working in a mobile environment when the role can be performed effectively that way.

What This Job Offers

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