Associate Portfolio Management

Location:
127 Public Square, Cleveland OhioJob SummaryThe Associate, Portfolio Management is an individual contributor responsible for performing financial analysis and preparing underwriting documents to support multimillion-dollar corporate credit requests that grow funded assets and Key's client base, while maintaining asset quality within a moderate risk profile. These requests include obtaining initial approval for new credit exposure (e.g., revolving credit facilities, term loans, leases, foreign exchange products, derivatives products, and other ancillary products) and amendments to existing exposure. Additionally, the Associate, Portfolio Management is responsible for ongoing credit monitoring and risk rating for a portfolio of corporate clients with a complexity profile commensurate to experience (primarily participation in other bank's syndicated deals), reviewing legal documentation, and assisting product partners in cross-selling additional bank products. This individual should demonstrate emerging leadership skills within credit underwriting and portfolio management; they may work somewhat independently, or in conjunction with/under the supervision of other Portfolio Managers (PMs) on a deal team, providing feedback and guidance to Analysts and third-party staff as appropriate. As part of the first line of defense, Associate PMs are expected to consistently demonstrate a solutions-oriented, growth mindset that is supportive of line of business goals while still maintaining a moderate risk appetite and upholding asset quality.
Essential FunctionsGather and analyze all relevant financial data for clients or prospects, including spreading financial statements and/or collaborating with third party vendor to ensure accuracy of financial spreads statements, analyzing historical performance, accurately calculating credit metrics, identifying risks and mitigants, and assessing creditworthiness, etc. while effectively utilizing and providing feedback to, third party resources.
Model future financial performance of clients and prospects, including downside scenarios.
Assist Business Partners/Bankers/Relationship Managers in structuring transactions.
Perform enhanced leveraged cash flow due diligence, when appropriate (i.e., in specific Banking Group Portfolio Management, "BGPM" specialty groups).
Prepare a thorough credit underwriting document identifying credit risks and mitigants, industry concerns, market share trends, financial trends, and other pertinent credit issues.
Ensure compliance with all relevant regulations including Know Your Customer (KYC), running MCA/Patriot Act/OFAC checks as well as certifying Beneficial Ownership.
Manage the approval process for lending commitments, amendments, waivers, and consents, including providing monitoring, reporting and/or making recommendations to Credit Executives as appropriate.
Review and properly maintain all necessary legal documentation including credit agreements, guarantees, security pledges, and collateral documentation to ensure that the documentation correctly reflects approval.
Monitor accounts/ongoing financial performance of portfolio to track covenant compliance, determine liquidity, earnings trends, management capability and other essential information to secure the bank's position to minimize potential losses. Ensure data integrity in Key's systems and reporting and that all assets remain appropriately risk rated at all times, with timely changes.
Identify potential problem accounts and work with our Asset Recovery Group, as appropriate, to improve the bank's position in undesirable situations. Establish and maintain direct client relationships. Attend management presentations, bank meetings and conduct plant/site visits as appropriate to monitor business conditions and/or identify new underwriting, and/or additional bank product opportunities.
Contribute to white papers, as requested, prepared by Industry groups.
Provide guidance and feedback to Analysts as appropriate.
Gather and prepare data in response to ad hoc data requestsPerforms other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without noticeComplies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key.
EducationBachelor's Degree or equivalent work experience in finance, accounting, economics and/or businessMaster's Degree MBA (preferred) Work ExperienceMinimum of 3 years of commercial underwriting, credit, banking and/or financial services experience (required) Syndicated deal experience (strongly preferred)Experience in one or more of the following areas preferred: Leveraged Finance, Debt Capital Markets, Investment Bank, and/or Large Corporate ExperienceSkillsDemonstrates an understanding of foundational accounting principles and can interpr