Vice President, Portfolio Management (Commercial and Industrial Upper Middle Market- East or Central Region)

KeyBank•Boston, MA

1d•$96,000 - $181,000•Hybrid

About The Position

The VP, Portfolio Management is an individual contributor responsible for financial analysis and underwriting in support of multimillion-dollar corporate credit requests that grow funded assets and Key’s client base while maintaining asset quality within a moderate risk profile. Credit requests may include new, sometimes complex exposure—such as revolving credit facilities, term loans, leases, foreign exchange and derivatives products, and other ancillary products—as well as amendments to existing exposure. The role also manages ongoing credit monitoring and risk ratings for a portfolio of corporate clients with complexity appropriate to the incumbent’s experience. The portfolio primarily consists of participations in other banks’ syndicated deals, with a small number of left-lead deals. The VP reviews legal documentation and assists product partners with cross-selling bank products. They demonstrate leadership in credit underwriting and portfolio management, work independently or on a deal team, and provide guidance and feedback to junior staff as appropriate. As part of the first line of defense, the VP supports business growth while maintaining a moderate risk appetite and protecting asset quality. The position is hybrid, with an expectation of at least three in-office days per week for candidates near a KeyBank non-branch facility. Remote options may be considered for candidates not located near a KeyBank location. Occasional travel, including overnight stays, is required. The position is based at 127 Public Square, Cleveland, Ohio, with preferred locations in the East or Central region. The annual base salary range is $96,000–$181,000, with eligibility for incentive compensation that may include production, commission, and/or discretionary incentives. Placement in the range may depend on skills, experience, and geographic location. The posting refers candidates to a separate benefits list but does not specify individual benefits.

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 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 prepare detailed underwriting packages.
Experience structuring meaningful and appropriate financial covenants for syndicated debt facilities.
Developing experience managing the left-lead/administrative-agent role in syndicated deals.
Ability to lead client discussions during negotiations and act as the primary lending representative in 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, as well as current market dynamics, trends, and terms.
Effective, 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 accounting principles, financial statement analysis, financial ratios, and borrower risk assessment.
Expert-level sound judgment and decision-making in lending and business situations.
Expert-level communication skills, including synthesizing complex information and keeping clients, partners, and teammates informed.
Experienced-level transaction management, including organizing and shepherding transactions through required stages, meeting deadlines, and managing risk.
Experienced-level risk management and loan-documentation skills, including loan grading, risk ratings, interpreting and negotiating agreements, and ensuring document accuracy.
Expert-level proactive time management, prioritization, initiative, and ability to balance competing priorities.
Experienced-level collaboration and teamwork.
Expert-level accountability, reliability, and ownership of commitments and outcomes.
Experienced-level resilience and ability to manage ambiguity and changing work 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 the broader goals of the bank.

Nice To Haves

Master’s degree in business administration (MBA).
Commercial and Industrial (C&I) underwriting experience is strongly preferred.

Responsibilities

Gather and analyze client and prospect financial information, including spreading financial statements, calculating credit metrics, identifying risks and mitigants, and assessing creditworthiness; collaborate with and provide feedback to third-party resources as needed.
Model future financial performance, including downside scenarios.
Lead transaction structuring in collaboration with business partners, bankers, and relationship managers; contribute as a financial advisor and deal-team member.
Perform 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 issues.
Ensure compliance with relevant regulations and complete Know Your Customer (KYC), MCA/Patriot Act, OFAC, and Beneficial Ownership requirements.
Manage approvals for lending commitments, amendments, waivers, and consents; provide monitoring and reporting, and make recommendations to Credit Executives as appropriate.
Review and maintain legal documentation, including credit agreements, guarantees, security pledges, and collateral documentation, to ensure it reflects approvals.
Monitor portfolio performance and covenant compliance, liquidity, earnings trends, management capability, and other information needed to protect the bank and minimize potential losses.
Maintain accurate data in Key’s systems and reporting, and ensure assets remain appropriately and timely risk rated.
Identify potential problem accounts and work with the Asset Recovery Group as appropriate.
Establish and maintain direct client relationships; attend management presentations and bank meetings, and conduct plant or site visits as appropriate to monitor business conditions or identify underwriting and 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 and acting in clients’ and Key’s best interests.