Vice President, Portfolio Management

KeyBank•Cleveland, OH

8d•$96,000 - $181,000•Hybrid

About The Position

The VP, Portfolio Management is an individual contributor who 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 may include initial approvals for 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 manages ongoing credit monitoring and risk rating for a portfolio of corporate clients. Portfolio complexity is commensurate with experience and consists primarily of participation in other banks’ syndicated deals, with a small number of Left Lead deals. Responsibilities also include reviewing legal documentation and helping product partners cross-sell bank products. The VP demonstrates leadership in underwriting and portfolio management, works independently or with other Portfolio Managers on deal teams, and provides feedback and guidance to junior staff as appropriate. As a first-line-of-defense role, it is expected to support line-of-business goals with a solutions-oriented, growth mindset while maintaining a moderate risk appetite and protecting asset quality. The position is hybrid, with 3+ days a week in the office for employees located near a KeyBank facility (non-branch). Cleveland, Ohio is strongly preferred. A home-based option with travel as needed may be considered for candidates not located near a KeyBank location. Occasional travel, including overnight stays, is required. The position offers an annual base salary range of $96,000 to $181,000 and eligibility for incentive compensation. Placement within the range may depend on factors including skills, experience, and geographic location.

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 complex information into accurate assessments of corporate creditworthiness and thorough 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 collaboratively influence and challenge with impact.
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, and use of financial ratios to assess borrower strength and risk.
Expert-level sound judgment and decision-making in lending and business situations.
Expert-level communication, including concise and persuasive communication and synthesis of complex information.
Experienced-level transaction management and risk management, including loan documentation, risk grading, interpreting and negotiating credit agreements, and seeking credit approval for documentation deviations from Key’s standard forms.
Expert-level proactive time management and accountability.
Experienced-level collaboration, resilience, adaptability to ambiguity, and leadership and influencing skills.
Expert-level critical thinking and intellectual curiosity.
Working knowledge of an enterprise mindset and the ability to consider the broader goals of the organization.
Ability to meet the physical demands of prolonged sitting, in-person or phone communication, frequent PC/laptop use, and occasional lifting, pushing, or pulling of bags up to 10 pounds.

Nice To Haves

Master’s degree (MBA).
Commercial and Industrial (C&I) underwriting experience.

Responsibilities

Gather and analyze client and prospect financial data, including spreading financial statements, calculating credit metrics, identifying risks and mitigants, and assessing creditworthiness; collaborate with third-party vendors to ensure accuracy.
Model future financial performance, including downside scenarios.
Lead transaction structuring in collaboration with business partners, bankers, and relationship managers, and contribute as a knowledgeable member of the deal team.
Perform enhanced leveraged cash flow due diligence when appropriate for assigned specialty groups.
Prepare thorough credit underwriting documents covering credit risks and mitigants, industry concerns, market share and financial trends, and other pertinent credit issues.
Ensure compliance with applicable regulations, including Know Your Customer (KYC) 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 documentation, to ensure it reflects the approval.
Monitor portfolio accounts and financial performance, including covenant compliance, liquidity, earnings trends, and management capability; maintain data integrity and current risk ratings in Key’s systems and reporting.
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 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.