Vice President, Portfolio Management

KeyBank; Cleveland (OH); On-site; USD 150,000 - 230,000; Full time

Job summary

KeyBank in Cleveland seeks a Vice President, Portfolio Management to lead financial analysis and underwriting for multimillion-dollar corporate credit requests, while maintaining asset quality. You will manage complex facilities, monitor portfolios, and collaborate with bankers, relationship managers, and counsel.

The role emphasizes leadership, risk awareness, and effective communication with clients and internal partners, with a focus on growth and prudent risk taking in a dynamic banking

Qualifications

• Bachelor’s degree in finance, accounting, economics or business required.
• MBA preferred.
• Minimum 5 years of underwriting or commercial banking experience.
• Strong financial modeling and analytical skills.
• Experience leading deal negotiations and syndication is preferred.

Responsibilities

• Analyze financial data and model projected performance for large corporate clients.
• Prepare underwriting documents and ensure regulatory compliance.
• Lead and collaborate with deal teams on syndicated lending arrangements.
• Assess credit risk, set covenants, and monitor portfolio risk.
• Engage with clients and partners to structure and negotiate transactions.

Skills

Financial analysis

Credit underwriting

Leadership

Communication skills

Excel / Office

Independent work

Education

Bachelor’s degree in finance, accounting, economics or business

MBA preferred

Tools

MS Office Suite

Job description

Location: 127 Public Square, Cleveland Ohio

Job Summary

The VP, 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, occasionally complex, 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 VP, 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 with a small number of Left Lead deals), reviewing legal documentation, and assisting product partners in cross‑selling additional bank products. This individual should demonstrate leadership skills within credit underwriting and portfolio management; they may work somewhat independently, or in conjunction with other Portfolio Managers (PMs) on a deal team, providing feedback and guidance to junior staff as appropriate. As part of the first line of defense, Vice President 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 Functions

Gather and analyze all relevant financial data for, often high value, 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. Demonstrate leadership in structuring transactions, in collaboration with Business Partners/Bankers/and Relationship Managers. Viewed as a value‑add financial advisor by the client/borrower, critical and knowledgeable contributor to the deal team 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 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, occasionally complex, 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, 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 data requests. 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

Bachelor’s Degree or equivalent work experience in finance, accounting, economics and/or business (required). Master's Degree MBA (preferred)

Experience

Minimum 5 years of commercial underwriting, credit, banking and/or financial services experience (required). Commercial and Industrial (C&I) underwriting strongly preferred. Competent with Microsoft Office and the ability to learn and effectively utilize other technology applications (required). Demonstrated competence in financial analysis and modeling (required). Well established 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 (required). Experience structuring meaningful and appropriate financial covenants for syndicated debt facilities (required). Developing experience managing the left lead /administrative agent role in syndicated deals (required). Ability to lead discussions with clients during negotiations and act as primary lending representative on deal execution, leveraging senior leaders as appropriate (required). Knowledge of business and legal elements of credit agreements, and the ability to work with counsel and collaborate through document negotiations on agented transactions and/or assist lead syndicator in document negotiations (required). Solid understanding of banking and investment banking products and services and current market dynamics, trends, and terms (required). Effective and polished presentation and communication skills, with the ability to collaboratively influence and challenge with impact (required). Ability to plan, multi‑task, manage time effectively, and lead work independently with limited direction (required).

Qualifications

All KeyBank employees are expected to demonstrate Key’s Values and abide by Key’s Code of Conduct.

Tactical Skills