Analyst, Portfolio Management (State and Local Governments and Education)

About the position The Analyst, Portfolio Management is an individual contributor responsible for supporting the Portfolio Management team in their financial analysis and preparation of 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 credit exposure (e.g., revolving credit facilities, term loans, leases, foreign exchange products, derivatives products, and other ancillary products) and amendments to existing exposure. As part of the first line of defense, the Analyst also assists the team with ongoing credit monitoring and risk rating of corporate clients and gathering and supporting the review of legal documentation.

Responsibilities

• Analyzing and researching municipal issuers and borrowers in a wide range of sectors (general governmental, K-12, pension, economic development, higher education, etc.)
• Assist in gathering and analyzing all relevant financial data for a client or prospect, including analyzing historical performance, accurately calculating credit metrics, identifying risks and mitigants, assessing creditworthiness, etc.
• Assist in modeling future financial performance of clients and prospects, including downside and breakeven scenarios.
• Assist in preparing a thorough credit underwriting document identifying credit risks and mitigants, demographic concerns, financial trends, and other pertinent credit issues
• Engaging in comprehensive client and credit research
• Take part in the approval process for lending commitments, amendments, waivers, and consents, including answering questions from Credit Executives
• Assist in compliance with all Know Your Customer (“KYC”) regulations
• Properly maintain documentation and necessary business records
• Assist senior staff in monitoring the ongoing financial performance of municipalities in the portfolio and tracking covenant compliance
• Conduct in-depth analysis and research on issuers and borrowers across various sectors through close, in-office collaboration with team members and access to on-site resources.
• Gather and analyze relevant financial data for 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, and supporting the identification of risks, mitigants and determination of creditworthiness.
• Model future financial performance of clients and prospects, including downside scenarios.
• Prepare credit underwriting documents identifying credit risks and mitigants, industry concerns, market share trends, financial trends, and other pertinent credit issues.
• Ensure compliance with all regulations.
• Participate in the approval process for lending commitments, amendments, waivers, and consents, including providing monitoring and reporting.
• Support PM teammates as needed with the review and maintenance of necessary legal documentation including credit agreements, guarantees, security pledges, and collateral documentation to ensure that the documentation correctly reflects approval from credit.
• Perform ongoing monitoring of financial performance and covenant compliance, supporting the accuracy and timeliness of risk rating changes.
• Ensure data integrity in Key's systems and reporting.
• Identify potential credit concerns and escalate to PM deal team as appropriate to support and/or improve the bank's credit position.
• Participate and attend management presentations, bank meeting and site visits as appropriate to support the monitoring of business conditions and creditworthiness.
• 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.

Requirements

• Bachelor's Degree or equivalent work experience in finance, accounting, economics and/or business (required)
• Experience in financial analysis, borrower analysis, and preparation of credit write-ups (required)
• Experience in capital markets analysis (required)
• Proficiency in modeling financial performance and conducting financial and/or borrower analysis.
• Competent with Microsoft Office and the ability to learn and effectively utilize other technology applications.
• Significant experience with Excel.
• Ability to gather relevant research, analyze data, and synthesize information to draw conclusions and produce insights.
• Foundational understanding of banking and investment banking products and services.
• Effective presentation and communication skills, with the ability to collaboratively make an impact.
• Ability to plan, multi-task, manage time effectively, and lead work independently at times, with supervision of senior team members.
• Experience preparing credit write-ups, underwriting documents, and/or capital markets analysis.
• Knowledge of credit metrics, risks, and mitigants.
• Excellent documentation and record-keeping skills.
• Familiarity with relevant regulations.
• Effectively working with others to reach a shared goal.
• Consistently displaying a willingness to shoulder a fair share of the workload in addition to helping others meet their objectives.
• Consistently taking ownership of one's actions, decisions, and performance, and being responsible for achieving the agreed-upon outcomes.
• Demonstrated strong written communication skills.
• Demonstrated competence in financial analysis and financial modeling.
• Understanding of fundamental financial concepts.
• Ability to plan, multi-task, manage time effectively, and work independently with limited direction.
• Ability to communicate professionally, competently, and persuasively in verbal and written formats.

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