Vice President, Portfolio Management

KeyBank•Cleveland, OH

1d•Hybrid

About The Position

The VP, Portfolio Management is an individual-contributor role performing financial analysis and preparing underwriting documents for multimillion-dollar corporate credit requests. The role supports growth in funded assets and Key’s client base while maintaining asset quality within a moderate risk profile. Credit requests may include new, occasionally complex exposures—such as revolving credit facilities, term loans, leases, foreign exchange products, derivatives, and other ancillary products—as well as amendments to existing exposure. The position also manages ongoing credit monitoring and risk ratings for a portfolio of corporate clients, with complexity commensurate with experience. The portfolio primarily includes participation in other banks’ syndicated deals, with a small number of left-lead deals. The VP reviews legal documentation and helps product partners cross-sell bank products. They demonstrate leadership in underwriting and portfolio management, working independently or alongside other Portfolio Managers and providing guidance to junior staff as appropriate. As part of the first line of defense, the role supports business growth while maintaining a moderate risk appetite and upholding asset quality. The position is hybrid, generally requiring three or more days per week in the office for employees near a KeyBank facility. Cleveland, Ohio is strongly preferred. A home-based option may be considered for candidates who are not located near a KeyBank location, with travel as needed. Occasional travel, including overnight stays, may be required.

Requirements

Bachelor’s degree or equivalent work experience in finance, accounting, economics, or business.
At least 5 years of commercial underwriting, credit, banking, and/or financial services experience.
Competence with Microsoft Office and ability to learn and use other technology applications.
Demonstrated competence in financial analysis and modeling.
Ability to gather relevant research, analyze data, synthesize complex information, assess corporate creditworthiness, and produce detailed underwriting packages.
Experience structuring appropriate financial covenants for syndicated debt facilities.
Developing experience managing the left-lead or administrative-agent role in syndicated deals.
Ability to lead client discussions during negotiations and serve as the primary lending representative during deal execution, leveraging senior leaders as appropriate.
Knowledge of business and legal elements of credit agreements, and ability to work with counsel on document negotiations for agented transactions or assist a lead syndicator.
Solid understanding of banking and investment banking products and services, market dynamics, trends, and terms.
Effective presentation and communication skills, with the ability to influence and challenge collaboratively.
Ability to plan, multitask, manage time effectively, and lead work independently with limited direction.
Expert-level financial and credit acumen, sound judgment, communication, proactive time management, accountability, and critical thinking and intellectual curiosity.
Experienced-level transaction management, risk management including loan documentation, collaboration and teamwork, resilience and ability to manage ambiguity, and leadership and influencing.
Working knowledge of an enterprise mindset.
Ability to meet the described general office physical demands, including prolonged sitting, face-to-face and phone communication, frequent computer use, and occasional lifting, pushing, or pulling of bags up to 10 pounds.
Ability to travel occasionally, including overnight stays.

Nice To Haves

Master’s degree or MBA.
Commercial and Industrial (C&I) underwriting experience is strongly preferred.
Cleveland, Ohio is the strongly preferred location.

Responsibilities

Gather and analyze financial data for clients and prospects, including spreading financial statements, checking spread accuracy, analyzing historical performance, calculating credit metrics, identifying risks and mitigants, and assessing creditworthiness.
Model future financial performance, including downside scenarios.
Structure transactions with business partners, bankers, and relationship managers; contribute financial advice to clients and deal teams.
Conduct enhanced leveraged cash flow due diligence when appropriate for designated specialty groups.
Prepare thorough credit underwriting documents covering credit risks and mitigants, industry concerns, market share and financial trends, and other relevant credit issues.
Ensure compliance with applicable regulations, including Know Your Customer requirements, MCA/Patriot Act/OFAC checks, and Beneficial Ownership certification.
Manage approval processes 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 documents, ensuring alignment with approvals.
Monitor portfolio accounts and financial performance, including covenant compliance, liquidity, earnings trends, and management capability, to protect the bank and minimize potential losses.
Maintain data integrity in Key’s systems and reporting, and ensure assets have appropriate, timely 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.
Identify underwriting needs and opportunities for additional bank products through client and business monitoring.
Contribute to or prepare white papers on assigned industry segments as requested.
Provide guidance and feedback to Analysts and Associates as appropriate.
Gather and prepare data in response to ad hoc requests.
Perform other duties as assigned and comply with KeyBank policies and procedures, including professional and ethical conduct and acting in the best interests of clients and Key.