Covenant Compliance – Ops Analyst I

KeyBank; Overland Park (KS); On-site; USD 52,000 - 80,000; Full time

Benefits offered by this job

Incentive compensation

Flexible work options

Professional development

Job summary

KeyBank in Overland Park, KS is seeking a loan covenant analyst to examine covenant requirements in loan documents and monitor compliance across assigned portfolios.

A four-year college degree and strong skills in reading loan documents, analysis, and clear written and verbal communication are required, along with knowledge of commercial underwriting and operating statement review. Base pay ranges from $52,000 to $80,000 annually, with incentive compensation.

Qualifications

• Four-year college degree or equivalent experience.
• Proficiency in reading and interpreting loan documents.
• Excellent verbal and written communication skills.
• Knowledge of commercial underwriting.
• Knowledge of operating statement review and interpretation.

Responsibilities

• Review, analyze, and interpret loan documents.
• Calculate property-level performance metrics based on borrower-provided financial statements in accordance with loan documents.
• Correspond with Account Managers, Surveillance Analysts, and other internal teams to obtain required documents and escalate non-compliance.
• Input and maintain loan collateral data in the loan servicing system.
• Scrub and implement new deals/securitizations to identify covenants and ensure thresholds and calculations are met per loan agreement.
• Monitor assigned portfolio to ensure compliance with loan agreements.

Skills

Reading loan documents

Analytical skills

Verbal communication

Written communication

Commercial underwriting

Operating statement review

Education

Four-year college degree

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

Location

11501 Outlook Street, Overland Park Kansas

Job Summary

• Examine and monitor the covenant requirements in loan documents and evaluate loan compliance.

Job Functions

• Review, analyze, and interpret loan documents
• Calculate property-level performance metrics based on borrower-provided financial statements in a manner in accordance with the loan documents
• Correspond with Account Managers, Surveillance Analysts, and other internal groups to receive required documentations as outlined in the loan documents. As well as to communicate and elevate any non-compliance scenarios
• Input and maintain loan collateral data in the loan servicing system
• Accurately scrub and implement new deals/securitizations to identify all covenants and also ensure proper thresholds and calculations are continuously being met in accordance with the loan agreement
• Monitor assigned portfolio to ensure compliance with loan agreements

Required Qualifications

• Four-year college degree and/or equivalent experience
• Proficiency in reading and interpreting loan documents
• Excellent verbal and written communication skills, as well as a high degree of analytical skills
• Overall knowledge of commercial underwriting
• Knowledge of operating statement review and interpretation

Preferred Qualifications

• Background in real estate servicing or transactions, accounting/auditing, or commercial loan underwriting. Efficient in the use of word processing, spreadsheet, and email software. Such as Microsoft Word, Excel and Outlook

Equipment Used

• Company provided computer
• Standard office equipment (phone, fax, copier, calculator)
• Software: Microsoft Word, Excel, and Outlook

Training Required

• On-the-job training program
• Continuing and ongoing training as needed

This position is eligible to earn a base salary in the range of $52,000.00 - $80,000.00 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.

List of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 08/28/2026

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.

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