Location:726 Exchange Street - Buffalo, New York 14210
ABOUT THE JOB Senior Credit Officers (SCOs) are located in one of Key's two credit campuses but report into either a Segment Credit Officer or a Regional Credit Executive (or one of his/her Regional Credit Officers).
Senior Credit Officers review and approve credit requests in support of the Community Bank's commercial businesses (one or more of, Middle Market, Small Business, Business Banking, SBA and Private Banking), delivering credit products to new and existing clients.
SCOs are required to support profitable revenue growth while maintaining portfolio asset quality within Key's moderate credit risk appetite. They must execute against the defined credit process; ensuring consistency with Credit Policy and established underwriting guidelines.
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.
- Demonstrate a deep understanding of risk rating models.
- 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 $15 million. Loan authority will be based on experience level and size and/or type of credit treatment.
- To the extent that credit authority has been delegated to the campuses, sample and monitor the quality of credit decisions and provide feedback to the campus staff, as appropriate, in order to ensure that they maintain appropriate credit standards relative to Key's credit risk tolerances.
- Respond promptly to loan structuring requests to determine feasibility and nature of analysis to be conducted. Identifies critical issues. Make Proceed/Stop decision within approval limits.
- Partner with other Credit staff on complex deals and/ or deals outside of his/her area of expertise. Provide direct feedback and guidance to campus staff, where required.
- Assist Relationship Managers with AQR process.
- Closely monitor all asset quality measures including performance against tolerances. When tolerances are breached support all efforts to improve portfolio quality and return to within tolerance at the earliest opportunity.
- Ensure the proper utilization of credit systems and technology.
- Ensure timely identification of deteriorating credits, seek early support (CPR) and manage the transfer of problem credits to Asset Recovery Group.
- 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 a positive risk culture amongst credit and campus staff and foster a sense of urgency in support of the Bank's focus on client centricity.
- Partner with bankers - in all disciplines - to think strategically in new business efforts.
- Facilitate communication between the campuses and banking professionals.
- Keep abreast of industry and market trends and communicate these to colleagues in Credit and the campuses.
- Act as player and coach to analysts and associates in the campuses, as required.
- Provide support for all training initiatives, as required, in support of the development and training of Credit, campus and LOB staff.
- 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 7 years finance experience (of which, 5 years in a Credit related role) 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
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $92,000 to $154,000 annually depending on 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.
Please click here for a list of benefits for which this position is eligible.
Job Posting Expiration Date: 01/18/2025
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_C[redacted].
