SVP, Portfolio Management (Financial Services and Insurance)

Location:

127 Public Square - Cleveland, Ohio 44114

JOB BRIEF

The Senior Vice President, Portfolio Management is an individual contributor responsible for performing financial analysis and preparing underwriting documents to support complex, multimillion-dollar corporate credit requests that grow funded assets and Key's client base, while maintaining asset quality within a moderate risk profile. This role will be primarily focused on managing a portfolio of Financial Services clients (including Insurance companies) but may also include some Diversified Commercial & Industrial (“C&I”) clients.

These requests include obtaining initial approval for new, often multi-faceted, credit exposure (e.g., revolving credit facilities, terms loans, leases, foreign exchange products, derivatives products, and other ancillary products) and amendments to existing exposure.

Additionally, the Senior Vice President, Portfolio Management will be assigned a portfolio of high-value corporate clients (often with a significant number of highly complex deals and “Left Lead”/Administrative Agent roles) for which they will take ownership of ongoing credit monitoring and risk rating, negotiating and reviewing legal documentation, and assisting product partners in cross-selling additional bank products.

The Senior Vice President, Portfolio Management is often one of the most senior deal team members on a transaction and will lead some the group’s most challenging and complex underwritings and lead left opportunities. In many cases, they will work independently handling all PM duties "hands on keyboard" with little or no support from junior staff but will provide feedback and guidance to junior staff as appropriate.

ESSENTIAL JOB FUNCTIONS

· Gather and analyze all relevant financial and industry data for high value clients or prospects, including collaborating with third party vendor to ensure accuracy of financial spreads statements, analyzing historical performance, accurately calculating credit metrics, identifying risks and mitigants, assessing creditworthiness, etc., while effectively utilizing, and providing feedback to, third party resources.

· Model future financial performance of clients and prospects, including downside scenarios.

· Serve as a thought leader on the deal team, guiding Business Partners/Bankers/Relationship Managers in structuring transactions, especially when working with complex, multi-faced deal structures. Viewed as a critical financial advisor/partner by the client/borrower and respected by Credit for a solid reputation managing risk.

· 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, drawing on experience and deep industry expertise to proactively identify 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.

· Lead the approval process for, often complex, lending commitments, amendments, waivers, and consents, including providing monitoring, reporting and/or making recommendations to Credit Executives as appropriate.

· Obtain and lead the analysis/review of all necessary documentation and business records including all credit agreements, guarantees, pledges and collateral agreements to assure that the documentation correctly reflects rates, terms, and special conditions. Work closely with outside counsel, as applicable.

· 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.

· Proactively 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 strong client relationships and industry expertise. Attend management presentations, bank meetings and conduct plant/site visits as appropriate to proactively monitor business conditions and/or identify new underwriting, and/or additional bank product opportunities.

· Contribute to, or prepare white papers on assigned industry segments, as requested.

· Provide guidance and feedback to Analysts, Associates, and Vice Presidents as appropriate.

REQUIRED QUALIFICATIONS

· Undergraduate degree or equivalent work experience in finance, accounting, economics and/or business.

· A minimum of 7 years of commercial underwriting, credit, banking and/or financial services experience.

· Competency with Microsoft Office and the ability to learn and effectively utilize other technology applications.

· Strong competence in financial analysis and modeling.

· Strong ability to gather relevant research, analyze data, and concisely synthesize large amounts of information in order to accurately assess corporate creditworthiness and create a detailed and thorough underwriting package.

· Proficient in structuring meaningful and appropriate financial covenants for syndicated debt facilities.

· Experience managing the left lead /administrative agent role in complex syndicated deals.

· Demonstrated ability to drive client discussions during negotiations and act as point person for running deal execution from start to finish.

· Extensive knowledge of business and legal elements of credit agreements, and the ability to manage counsel and lead through document negotiations on agented transactions and/or assist lead syndicator in document negotiations.

· Sophisticated understanding of banking and investment banking products and services and current market dynamics, trends, and terms.

· Strong and well-polished presentation and communication skills, with the ability to collaboratively influence and challenge with impact.

· Ability to plan, multi-task, manage time effectively, and lead work and deal teams independently.

PREFERRED QUALIFICATIONS

· MBA

· Experience with lending to Financial Services companies, including Insurance companies.

· Experience analyzing the financial performance of Financial Services companies, including Insurance companies.

· Experience evaluating statutory statements.

Job Posting Expiration Date: 04/30/2025

KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing [email protected].