Vice President, Portfolio Management

KeyBank • Cleveland, OH

2d • $96,000 - $181,000 • Hybrid

About The Position

The Vice President, Portfolio Management is an individual-contributor role that performs financial analysis and prepares 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 include new, sometimes complex, exposure 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 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 and a small number of left-lead deals. The VP also reviews legal documentation and assists product partners with cross-selling bank products. The role calls for leadership in credit underwriting and portfolio management, independent work or collaboration with other Portfolio Managers on deal teams, and appropriate guidance and feedback to junior staff. As part of the first line of defense, the VP is expected to support line-of-business goals with a solutions-oriented, growth mindset while maintaining a moderate risk appetite and upholding asset quality.

The role is based in a hybrid work environment, generally requiring at least three days per week in the office for employees located near a KeyBank facility. Cleveland, Ohio is strongly preferred. A home-based option may be considered for candidates 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, and/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 effectively use other technology applications.
• Demonstrated competence in financial analysis and modeling.
• Ability to gather relevant research, analyze data, and synthesize large amounts of information into an accurate assessment of corporate creditworthiness and a detailed underwriting package.
• Experience structuring meaningful and 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 act 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 and collaborate on document negotiations for agented transactions or assist a lead syndicator in negotiations.
• Solid understanding of banking and investment banking products and services, as well as current market dynamics, trends, and terms.
• Effective and polished presentation and communication skills, including 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, including understanding accounting principles, interpreting financial statements, and using financial ratios and other tools to assess borrower strength and risk.
• Expert-level sound judgment and decision-making in lending and business situations.
• Expert-level written, verbal, and nonverbal communication skills, including synthesizing complex information and keeping clients, partners, and teammates informed.
• Experienced-level transaction management skills, including organizing transaction stages, meeting deadlines, managing risk, and supporting a favorable client experience.
• Experienced-level risk management and loan-documentation skills, including risk identification, loan grading, accurate risk ratings, interpretation and negotiation of loan documents, and understanding how loan terms mitigate loss.
• Expert-level proactive time management, prioritization, multitasking, and ability to meet deadlines.
• Experienced-level collaboration and teamwork skills.
• Expert-level accountability, reliability, and ownership of actions, decisions, performance, and outcomes.
• Experienced-level resilience and ability to manage ambiguity and adapt to changing demands.
• Expert-level critical thinking and intellectual curiosity.
• Experienced-level leadership and influencing skills.
• Working knowledge of an enterprise mindset and the ability to consider organization-wide goals and implications.
• Ability to meet the role’s physical demands, including prolonged sitting, communicating in person or by phone, frequent PC/laptop use, and occasional lifting, pushing, or pulling of bags weighing up to 10 pounds.
• Occasional travel, including overnight stays.

Nice To Haves

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

Responsibilities

• Gather and analyze relevant client and prospect financial data, spread financial statements or collaborate with third-party vendors to ensure their accuracy, analyze historical performance, calculate credit metrics, identify risks and mitigants, and assess creditworthiness.
• Model future financial performance for clients and prospects, including downside scenarios.
• Lead transaction structuring in collaboration with business partners, bankers, and relationship managers, and contribute as a knowledgeable financial advisor and deal-team member.
• Perform enhanced leveraged cash-flow due diligence when appropriate for designated specialty groups.
• Prepare thorough credit underwriting documents identifying credit risks and mitigants, industry concerns, market-share trends, financial trends, and other relevant credit issues.
• Ensure compliance with relevant regulations, including completing KYC, 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 documentation, to ensure it reflects approved terms.
• Monitor portfolio accounts and financial performance, including covenant compliance, liquidity, earnings trends, management capability, and other information needed to protect the bank and minimize potential losses.
• Maintain data integrity in Key’s systems and reporting, and ensure assets remain appropriately risk rated with timely updates.
• 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 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, avoidance of conflicts of interest, and acting in the best interests of clients and Key.

Benefits

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

What This Job Offers

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