Vice President or Senior Vice President, Portfolio Management (Industry Focus: Financial Institutions and Insurance)

KeyBank•Boston, MA

2d•$96,000 - $268,000•Hybrid

About The Position

KeyBank is hiring a Vice President or Senior Vice President Portfolio Manager to support corporate credit underwriting focused on borrowers in the financial institutions sector, including insurance companies. This is a first-line-of-defense individual contributor role involving financial analysis and underwriting for complex, multimillion-dollar credit requests and ongoing portfolio management. The work supports growth in funded assets and Key’s client base while maintaining asset quality within a moderate risk profile. The role does not involve insurance policy underwriting. The Portfolio Manager analyzes and prepares credit requests for new and existing exposures, which may include revolving credit facilities, term loans, leases, foreign exchange products, derivatives, and other banking products. Responsibilities also include credit monitoring and risk rating, client and industry analysis, legal documentation, and supporting cross-selling efforts. The SVP level typically owns more complex, high-value client portfolios and leads challenging underwritings and left-lead opportunities, often working independently with limited junior-staff support. The VP level manages a portfolio with complexity appropriate to experience, often participating in syndicated deals and working independently or with other Portfolio Managers. The role may be filled at either level, with title and compensation based on the selected candidate’s experience, qualifications, and relevant expertise. The position is based at 127 Public Square in Cleveland, Ohio. If the candidate is near a KeyBank location, the work arrangement is hybrid, with at least three days a week in the office. Occasional travel, including overnight stays, is expected. Compensation includes a base salary and eligibility for incentive compensation. The VP base salary range is $96,000–$181,000 annually; the SVP range is $128,000–$268,000 annually. The posting states that benefits are available but directs candidates to a separate benefits list.

Requirements

Bachelor’s degree in finance, accounting, economics, or business, or equivalent work experience.
Minimum of 7 years of commercial underwriting, credit, banking, and/or financial services experience for SVP; minimum of 5 years for VP.
Competence with Microsoft Office and ability to learn and effectively use other technology applications.
Strong competence in financial analysis and modeling.
Ability to research, analyze, and synthesize information to assess corporate creditworthiness and prepare thorough underwriting packages; the stated level is strong for SVP and well established for VP.
Ability to structure appropriate financial covenants for syndicated debt facilities; the stated level is proficiency for SVP and experience for VP.
Experience managing the left-lead/administrative-agent role in complex syndicated deals for SVP; developing experience managing the role in syndicated deals for VP.
Ability to lead client discussions during negotiations and run deal execution from start to finish for SVP; ability to lead negotiations and act as primary lending representative with senior-leader support as appropriate for VP.
Knowledge of business and legal elements of credit agreements and ability to manage counsel and lead document negotiations on agented transactions or assist the lead syndicator; the stated level is extensive for SVP and working knowledge for VP.
Sophisticated understanding of banking and investment-banking products, services, and market dynamics, trends, and terms for SVP; solid understanding for VP.
Strong, polished presentation and communication skills and ability to influence and challenge collaboratively with impact.
Ability to plan, multitask, manage time, and lead work and deal teams independently for SVP; ability to lead work independently with limited direction for VP.
Expert-level financial and credit acumen, sound judgment, communication, proactive time management, collaboration, accountability, and critical thinking and intellectual curiosity.
Effective transaction management and risk management, including loan documentation; expert level for SVP and experienced level for VP.
Ability to manage ambiguity and resilience; expert level for SVP and experienced level for VP.
Enterprise mindset; experienced level for SVP and working-knowledge level for VP.
All KeyBank employees are expected to demonstrate Key’s Values and sustain proficiency in identified Leadership Competencies.

Nice To Haves

Master’s degree or MBA.
Experience lending to financial institutions, including insurance companies.
Experience analyzing financial performance of financial institutions, including insurance companies.
Experience evaluating statutory statements.
Generalist Commercial & Industrial underwriting or portfolio management experience may be considered.

Responsibilities

Gather and analyze financial and industry information for high-value clients and prospects; review financial statements and spreads, historical performance, credit metrics, risks, mitigants, and creditworthiness, and work with third-party resources to support data accuracy.
Model future client and prospect financial performance, including downside scenarios.
Guide or lead transaction structuring with business partners, bankers, and relationship managers, with the SVP serving as a thought leader on complex, multifaceted deals.
Perform enhanced leveraged cash flow due diligence when appropriate for assigned specialty groups.
Prepare thorough credit underwriting documents that address credit risks and mitigants, industry and market concerns, market-share and financial trends, and other relevant credit issues.
Ensure compliance with applicable regulations, including KYC, MCA/Patriot Act and OFAC checks, and Beneficial Ownership certification.
Lead (SVP) or manage (VP) approval processes for lending commitments, amendments, waivers, and consents; provide monitoring and reporting and make recommendations to Credit Executives as appropriate.
Obtain and lead the analysis and review of necessary credit agreements, guarantees, pledges, collateral agreements, and business records (SVP); review and maintain legal and collateral documentation (VP); work with outside counsel as applicable.
Monitor portfolio accounts and financial performance, including covenant compliance, liquidity, earnings trends, and management capability; maintain data integrity and ensure assets have timely, appropriate risk ratings.
Identify potential problem accounts and work with the Asset Recovery Group as appropriate to improve the bank’s position.
Build and maintain client relationships and industry expertise; attend management presentations and bank meetings, conduct site visits as appropriate, and identify underwriting or additional product opportunities.
Contribute to or prepare white papers on assigned industry segments as requested.
Gather and prepare data in response to ad hoc requests (VP).
Provide guidance and feedback to Analysts, Associates, and Vice Presidents as appropriate (SVP).
Perform other assigned duties and comply with KeyBank policies and procedures, including ethical conduct, conflict-of-interest avoidance, and acting in clients’ and Key’s best interests.