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Senior Credit Officer in Cleveland, OH at KeyBank

Date Posted: 10/17/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    127 Public Square
    Cleveland, OH
  • Date Posted:
    10/17/2020

Job Description

ESSENTIAL JOB FUNCTIONS
  • Utilize cash flow, balance sheet, income statements, and tax returns (both personal and business) to determine credit worthiness.
  • Interpret credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
  • Review financial statements and all other relevant financial analysis as well as non-financial data to develop a concise focused analytical foundation for a credit decision.
  • Deep understanding of risk rating models and tolerances.
  • Ensure accurate and timely risk rating of assigned portfolio.
  • Make accurate recommendations in granting loan requests using understanding of credit and risk management concepts.
  • Exercise loan authority on all extensions of credit (Loans, lines, restructure, transaction services) up to $5 million. Loan authority will be based on experience level and size and/or type of credit treatment.
  • Respond promptly to loan structuring request to determine feasibility and nature of analysis to be conducted. Identifies critical issues, Make Proceed/Stop decision within approval limits.
  • Partner with appropriate Credit Managers on complex deals and/ or deals outside of his/her area of expertise.
  • Provide direct feedback and guidance when edits are required.
  • Communicate status of credit decisions to analyst and associate team members.
  • Assist Relationship Manager with AQR process,
  • Direct the development of portfolio management strategies for given industries or clients.
  • Closely monitors all asset quality measures including performance against tolerances.
  • Ensure the proper utilization of credit systems and technology.
  • Ensure timely identification of deteriorating credits and manages transfer of credits to Loan Administration/Asset Recovery Group.
  • Ensure group measures are within tolerances or that appropriate plans are in place to achieve tolerances.
  • Fully proficient in Key's various loan systems
  • Ensure effective partnerships to determine appropriate financing solutions. Approves/Declines (as appropriate) and notifies team members as warranted.
  • Advocate risk culture with banking professionals.
  • Promote a credit culture based on strong asset quality.
  • Partner with bankers - in all disciplines - to think strategically in new business efforts.
  • Facilitate communication between the hub and banking professionals.
  • Keep abreast of industry and market trends and communicates these trends to peers as well as Segment Credit Officers and Credit Risk Leader where appropriate.
  • Responsible for being both player and coach to analysts and associates on the team.
  • Periodic assignments related to the constantly changing risk management environments.

REQUIRED QUALIFICATIONS
  • Undergraduate degree in accounting, finance, economics or related field or equivalent work experience
  • At least 8 years financial lending/credit experience which should include experience through one complete economic cycle
  • Demonstrated high level of financial acumen, interpersonal skills, and decision/solution effectiveness
  • Effective communication skills
  • Commitment to core values; Teamwork, Respect, Accountability, Integrity, Leadership
  • Line of business experience is desired
  • Experience with multiple types of lending (e.g. middle market, private banking, specialty lending) and multiple economic cycles is preferred
  • Willingness to consider relocation across Key's footprint


FLSA STATUS:

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

JobID: 44101BR

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