Associate, Portfolio Management (Payments Underwriting)

Location:

JOB BRIEF (PURPOSE)

The Payments Underwriting Associate will be responsible for performing financial analysis and preparing underwriting/portfolio management documents to support complex, multimillion-dollar payments-only (ACH/Deposit/Merchant Processing Card, etc.) corporate credit requests. Prospects/Clients will include embedded banking companies (ISOs/PayFacs, etc.) in the FinTech space along with others in various KeyBank focus verticals including Technology, Healthcare, Public Sector, Financial Services, etc. Such requests include obtaining initial approval for new credit exposure (i.e., ACH Credit/Debit limits, and other ancillary products) and amendments/quarterly and annual reviews of existing exposure. Additionally, the Payments Underwriting Associate will be responsible for ongoing credit monitoring for a portfolio of corporate clients, reviewing legal documentation, and assisting product partners in cross-selling additional bank products.

ESSENTIAL JOB FUNCTIONS

• Gather and analyze all relevant financial data for a client or prospect, including spreading financial statements, analyzing historical performance, accurately calculating credit metrics, identifying risks and mitigants, assessing creditworthiness, etc.
• Model future financial performance of clients and prospects, including downside scenarios.
• Prepare a thorough credit underwriting document identifying credit risks and mitigants, industry concerns, financial trends, and other pertinent credit issues.
• Review enhanced Leveraged Cash Flow due diligence, when appropriate
• Assist Payments Advisors/Relationship Managers in structuring transactions, completing risk exposure analyses and developing risk mitigation strategies, as applicable.
• Work closely with assigned Acuity Knowledge Partners analyst, who provides outsourced analytical support.
• Manage the approval process for requested limits, amendments, waivers, and consents, including making recommendations to Credit Executives
• Ensure compliance with Credit Policy and Guidelines, and all Know Your Customer ("KYC") regulations, when appropriate
• Review all necessary legal documentation including payments products client agreements, credit agreements, guarantees, security pledges, and collateral documentation in order to ensure that the documentation correctly reflects approval. Work closely with internal/external counsel, as applicable
• Properly maintain documentation and necessary business records
• Monitor the ongoing financial performance of portfolio companies and track covenant compliance, liquidity, appropriateness of assigned risk ratings and limit sizes, etc.
• Attend client meetings when appropriate; establish rapport with clients' C-suite.
• Proactively identify potential problem credits and work to improve the Bank's position in undesirable situations.
• Present work products to various Risk/Credit Committees and Senior Management, as necessary
• Prepare white papers on assigned industry segments, as requested.
• Assist product partners in cross selling additional bank products.

REQUIRED COMPETENCIES/SKILLS

• Familiarity with payments-related corporate banking products such as ACH, Purchase Card, etc.
• Experience with / knowledge of secured and unsecured corporate lending
• Demonstrated ability to accurately assess corporate creditworthiness and create a detailed and thorough underwriting package.
• Demonstrated competence in financial analysis and financial modeling.
• Ability to synthesize large amounts of information concisely and coherently.
• Strong data gathering skills and ability to identify and evaluate material diligence issues.
• Ability to think critically and handle ambiguity in order to efficiently solve problems and complete tasks.
• Ability to plan, multi-task, manage time effectively, and work independently with limited direction.
• Have strong interpersonal, communication and relationship building skills.
• Ability to communicate professionally, competently, and persuasively in verbal and written formats.
• Competency with Microsoft office suite and other applications

REQUIRED QUALIFICATIONS

• Minimum of three (3) years of experience in Payments and/or corporate credit Portfolio Management/Credit Risk/Relationship Management
• Undergraduate degree in Finance, Accounting, Economics, Business, or related field

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $100,000 to $120,000 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 which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.

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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