Apply on Employer Site

KeyBank · 11 hours ago

Commercial Associate

Canton, OH

Full-time

Onsite

Entry Level

$71K/yr - $122K/yr

1+ years exp

KeyBank is a financial institution seeking a Commercial Associate to support sales and credit functions. The role involves collaborating with relationship managers to create pitch materials and manage the lending process for relationships under $10 million.

Banking

Responsibilities

Work closely with relationship managers, loan closers, and underwriters to identify and respond to client requirements as a member of the deal team for credit commitments less than $10 million

Create pitch materials for all prospects and/or clients, regardless of credit commitment amount

Lead and/or participate in due diligence meetings for in-depth understanding of clients’ business, management teams and industry sector

Review loan requests under $10 million in credit commitments to determine required business documents and financial statements needed for loan approval; collect and upload items to Salesforce, utilizing the bank’s secure document collection portal as appropriate

Complete related lending tasks such as requesting and reviewing financial statement spreads, preparing a Return on Equity (ROE) analysis

Prepare preflight memo for discussion with deal team, focusing on accuracy of loan request details

Complete data entry in nCino for new loan requests/renewals/modifications and submit requests for underwriting

Review final credit approval memos for accuracy and engage with loan closers or outside counsel for preparation of loan documentation

Review loan documentation to ensure all terms are consistent with the credit approval memo (e.g. interest rates, covenant definitions, etc.)

Ensure all waiver, amendment, and extension requests are properly approved and saved appropriately

Work with Credit Surveillance team to ensure interim and annual relationship reviews are completed accurately

Perform annual portfolio data integrity reviews to ensure systems of record (e.g., Salesforce, nCino, Hogan, LIQ) accurately reflect risk ratings, loan booking data and any other related borrower information

Take proactive approach in early identification of deteriorating credits and other potential credit concerns, such as change in borrower ownership or wherewithal, by communicating those concerns to risk partners

Work with bank examiners and internal credit reviewers to validate credit quality and integrity of the credit process

Take proactive approach to ongoing portfolio management of client relationships, including timely collection of borrower financial statements using the bank’s secure document collection portal, ensuring loans/lines are renewed and/or extended timely, and internal risk rating findings are properly remediated and managed

Assist in training and developing new Commercial Analysts

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

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

Qualification

Commercial Banking ExperienceCredit StructuringFinancial AnalysisSales FunctionsRisk AssessmentMicrosoft Office ProficiencyBusiness AcumenAnalytical ThinkingRisk ManagementOral CommunicationWritten Communication

Required

Bachelor's degree in business, Finance or a related field

Minimum of 1 year of commercial banking experience (e.g., credit structuring & analysis, sales functions, risk assessment, knowledge of commercial banking products, services & technology)

1-3 years working in Credit Structuring & Financial Analysis

Ability to manage workflow and complex commercial banking deals

Ability to manage stress and competing priorities