Commercial Analyst

KeyCorp; New York, Northern (NY, KY); On-site; USD 71,000 - 125,000; Full time

Job summary

KeyBank is seeking a Commercial Analyst in New York to support the relationship team and credit process for loans under $10 million. You will help relationship managers prepare pitches, manage documentation, and coordinate with underwriting to ensure timely, accurate credit decisions.

The role requires 2 years in commercial banking with credit structuring/financial analysis experience, strong Excel, and familiarity with Salesforce and nCino. This on-site position offers competitive compensation.

Qualifications

• Bachelor's Degree in Business, Finance or related field (required).
• 2 years of commercial banking experience (e.g., credit structuring & analysis, sales functions, risk assessment).
• 2 years working in Credit Structuring & Financial Analysis (required).
• Ability to manage workflow and complex commercial banking deals (required).
• Ability to manage stress and competing priorities (required).
• 2 years Commercial Middle Market Credit Structuring & Financial Analysis (preferred).

Responsibilities

• Work with relationship managers, loan closers, and underwriters to identify and respond to client requirements for credit commitments under $10M.
• Create pitch materials for prospects and clients.
• Lead due diligence meetings to understand clients' business, management, and industry.
• Review loan requests under $10M to determine required documents and financial statements for loan approval; collect/upload items to Salesforce.
• Prepare preflight memo for deal-team discussions ensuring accuracy of loan details.
• Enter data in nCino for new loan requests/renewals/modifications and submit underwriting requests.
• Review final credit approval memos for accuracy; coordinate with closers or counsel for loan documents.
• Review loan documentation to ensure terms match credit approval memos (rates, covenants, etc.).
• Ensure waiver/amendment/extension requests are properly approved and saved.
• Assist in training and developing new Commercial Analysts.
• Complies with KeyBank policies and ethics.

Skills

Financial analysis

Credit analysis

Risk management

Client communication

Education

Bachelor's Degree in Business or Finance

Tools

Salesforce

nCino

SharePoint

Microsoft Word

Microsoft PowerPoint

Job description

Location

1301 Avenue of the Americas, New York New York

Job Summary

The Commercial Analyst functions as part of a relationship team and works collaboratively to support sales and credit functions of the bank. Core responsibilities include working with relationship managers to create pitch materials for prospects and managing all functions of the lending process for relationships less than $10 million in credit commitments. This includes sales team support, client due diligence and managing the credit approval process to ensure timeliness, quality and the data integrity of all documentation and system of record information.

Responsibilities

• Work closely with relationship managers, loan closers, and underwriters to identify and respond to client requirements as a member of the deal team for credit commitments less than $10 million.
• Create pitch materials for all prospects and/or clients, regardless of credit commitment amount.
• Lead and/or participate in due diligence meetings for in-depth understanding of clients’ business, management teams and industry sector.
• Review loan requests under $10 million in credit commitments to determine required business documents and financial statements needed for loan approval; collect and upload items to Salesforce, utilizing the bank’s secure document collection portal as appropriate.
• Complete related lending tasks such as requesting and reviewing financial statement spreads, preparing a Return on Equity (ROE) analysis.
• Prepare preflight memo for discussion with deal team, focusing on accuracy of loan request details.
• Complete data entry in nCino for new loan requests/renewals/modifications and submit requests for underwriting.
• Review final credit approval memos for accuracy and engage with loan closers or outside counsel for preparation of loan documentation.
• Review loan documentation to ensure all terms are consistent with the credit approval memo (e.g. interest rates, covenant definitions, etc.).
• Ensure all waiver, amendment, and extension requests are properly approved and saved appropriately.
• Work with Credit Surveillance team to ensure interim and annual relationship reviews are completed accurately.
• Perform annual portfolio data integrity reviews to ensure systems of record (e.g., Salesforce, nCino, Hogan, LIQ) accurately reflect risk ratings, loan booking data and any other related borrower information.
• Take proactive approach in early identification of deteriorating credits and other potential credit concerns, such as change in borrower ownership or wherewithal, by communicating those concerns to risk partners.
• Work with bank examiners and internal credit reviewers to validate credit quality and integrity of the credit process.
• Take proactive approach to ongoing portfolio management of client relationships, including timely collection of borrower financial statements using the bank’s secure document collection portal, ensuring loans/lines are renewed and/or extended timely, and internal risk rating findings are properly remediated and managed.
• Assist in training and developing new Commercial Analysts.
• Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice.
• Complies 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.

Education

Qualifications Bachelor's Degree in Business, Finance or a related field (required)

Experience

Qualifications 2 years of commercial banking experience (e.g., credit structuring & analysis, sales functions, risk assessment, knowledge of commercial banking products, services & technology) accounting (required)

2 years working in Credit Structuring & Financial Analysis (required)

Ability to manage workflow and complex commercial banking deals (required)

Ability to manage stress and competing priorities ( required)

2 years working in Commercial Middle Market Credit Structuring & Financial Analysis (preferred)

2 years Commercial Middle Market Underwriting and Financial Analysis (preferred)

Tactical Skills

Formal credit training strongly preferred

Proficiency in Microsoft Word, Excel, PowerPoint

Applicable systems may include - Key proprietary systems e.g. Salesforce, nCino, SharePoint

Ability to meet timelines and perform multiple tasks

Practical Skills Business Acumen Oral & Written Communication Analytical Thinking Risk Management Core Competencies All KeyBank employees are expected to demonstrate Key's Values and sustain proficiency in identified Leadership Competencies.

Physical Demands

General Office - Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.

Driving Requirements

Ability to occasionally operate a motor vehicle with a valid driver's license.

Compensation & Benefits

This position is eligible to earn a base salary in the range of $71,000.00 - $125,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.

Job Posting Expiration Date

09/30/2026

Equal Opportunity Statement

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, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law. 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 [e-mail].

Company Culture

#LI-Hybrid

KeyBank is an organization collectively committed to helping you unlock your potential and discover what truly drives you. Working here means sharing our purpose to help our clients, colleagues, and communities thrive. You’ll find genuinely supportive teammates, a flexible, inclusive work environment, challenging projects, accessible leaders, and opportunities to grow in your position and your career. For 200 years, Key has opened doors in our communities. Let us open one for you.