Location: 127 Public Square - Cleveland, Ohio 44114
About the Job
Perform financial analysis and prepare underwriting documents to support complex multimillion-dollar credit requests for Utilities, Power and Renewable Energy clients. Familiarity with the US electric and power segment and/or project finance lending experience is preferred.
The Portfolio Manager provides leadership for the deal team in analysis, approval, execution as well as documentation. She/he leads discussions with clients and acts as a credit execution product specialist, recommending approval for credit proposals for Utilities, Power and Renewable Energy transactions. In addition, she/he is responsible for matters relating to financing and/or financial modeling.
The ideal Portfolio Manager will conduct business within the moderate risk profile of the bank and possess a propensity to close deals. This will be accomplished through leadership – taking ownership of deals, leading by example, working hard, developing creative solutions, and treating others professionally and respectfully. This person will build a strong reputation with others for honesty, critical thinking, and diligence. The role requires a professional with an entrepreneurial spirit, open to new transactions and initiatives.
Essential Job Functions
- Serves as the point person when underwriting credit transactions for the assigned portfolio and new clients. Recommends capital structure and accumulates all data necessary to perform focused analysis. Manages approvals for amendments and waivers to credit facilities, and monitors the financial performance of portfolio companies.
- Reviews financial statements, projection models, project cash flow models, and all other relevant financial and non-financial data to develop a concise analytical foundation for a credit decision.
- Prepares thorough credit underwriting identifying industry concerns, market share trends, financial trends, and other pertinent underwriting issues to present to the approving Credit Officer.
- Ensures underwriting and structuring decisions reflect commitment to strong asset quality.
- Oversees annual and periodic review processes conducted by outside consultants for portfolio companies.
- Recommends prudent use of capital and maintains profitability hurdles for the portfolio, keeping the risk/return balance in mind.
- Stays on top of trends affecting the assigned industry vertical.
- Obtains and negotiates all necessary documentation including credit agreements, notes, pledges, and collateral, ensuring that the documentation correctly reflects rates, terms, and special conditions.
- Actively participates in client calling initiatives with Relationship Managers and Product Partners and conducts periodic independent site visits to assess management, business conditions, and build rapport with accounts.
- Acts as a value-added member of deal teams with loan syndication, origination, and distribution for syndicated credits within the portfolio or for new prospects.
- Supports business development activities for cross-sell opportunities with the Relationship Management Team.
- Mentors junior professionals.
- Proactively assists Relationship Manager in developing marketing presentations and pitch books highlighting product solutions for client needs.
- Identifies potential problem accounts and works to improve the bank's position in undesirable situations.
Required Qualifications
- Minimum of 8 - 10 years of large corporate commercial banking experience in lending and/or relationship management and credit team environment. Experience in Utility/Power/Renewable Energy/Project Finance transactions is highly desirable. Proven track record of efficiently identifying, executing, and coordinating the delivery of comprehensive solutions for the lending product.
- Competence in financial modeling.
- Experience negotiating complex legal documents and working well with outside counsel.
- Strong accounting knowledge.
- Strong data gathering skills demonstrated through research, leveraging prior deal knowledge, challenging assertions, and digging deeper into the meaning of the data gathered.
- Solid understanding of basic financial metrics including key industry-specific ratios.
- Appreciation of investment banking and knowledge of capital markets products.
- Ability to learn internal data systems and technology including Credit Writeup Approval (CWA) System, Return on Equity (ROE) Model.
- Strong writing and presentation skills with a convincing presence to develop rapport and credibility with senior-level clients and senior management of the Bank.
- Strong work ethic.
- Proficiency in Excel, PowerPoint, and MS Word is preferred.
- Bachelor’s degree required, MBA preferred.
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $170,000 to $190,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.
Please click here for a list of benefits for which this position is eligible.
Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles that can be performed effectively in a mobile environment. This role may be Mobile or Home-based, which means you may work primarily at a home office or in a Key facility to perform your job duties.
Job Posting Expiration Date: 11/29/2024
KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable, and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or other protected category.
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 HR_Compliance@keybank.com.
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