Sr. Analyst - SFL

Location:

The position will be primarily responsible for supporting the pre- and post-closing activities relating to the on-going loan administration; risk monitoring; ; account maintenance; and customer service of the Specialty Finance Lending ("SFL") portfolio. Job responsibilities will involve taking a supportive role on variety of operational activities (based on prior experience and skill level) including: assisting with due diligence preparation; coordinating the facilitation of transaction documentation, loan closing & booking, administering advance/paydowns; interest and fee accruals and settlements; portfolio data reporting; monitoring loan covenant and borrowing base compliance; loan system administration; compliance reporting; facilitating DDA account setups; general account troubleshooting (as necessary); preparing internal reports; and some direct interfacing with customer & investor/participants associated with the SFL portfolio. Some specific account management activities may be assigned by the Head of SFL Originations based on experience and development.

Job Functions:

• Provide support to SFL Originations Account Managers, and management in coordinating and managing all on-going loan account maintenance activities and in collaboration with personnel from various internal departments, as well as several external entities, including (but not limited to):

  • Internal Departments:; SFL Originations Teams; SFL Sales; Pricing; SFL Underwriting/Portfolio Management; ; SFL Syndications, KeyBank Electronic Commercial Payments (ECP); KeyBank KTO/Loan Servicing, and various other departments within KeyBank.

  • External Parties: Borrowers/Clients; Co-Lender Banks; External Counsel; Back-up Servicers; Custodians and Collateral Trustees; and Third-party Auditors.

• The candidate for this position is expected to develop a thorough knowledge and understanding of the structure and operational administration of SFL Portfolio accounts so as to provide a supportive role relating to (but not limited to) the following:

  • Loan documentation preparation; Loan closing & boarding

  • Borrowing Base/Monthly Servicer report preparation

  • Periodic review and analysis of borrowing base and servicer reports;

  • Review & approval of period Advance/paydown requests

  • Periodic (monthly/weekly) settlement of principal, interest, and fees with client and investors;

  • Distributing/Posting documents and notices to Co-lenders.

  • Set up new loan facilities within the SFL system of record (LoanIQ)

  • Assist the SFL Originations Account Managers in preparing and closing new loan facilities, as well as laon renewals; amendments & waivers; periodic audits; as well as other facility changes for new and existing customer accounts.; and other tasks assigned by the SFL Originations Manager.

  • Prepare; analyze and distribute periodic portfolio and management reports as necessary.

  • Develop a thorough understanding of the SFL technology platform, including LoanIQ System; Hogan; Compliance; Debt Domain and other systems used within the line of business.

• Assist SFL Account Managers in a variety of pre- and post closing due diligence tasks relating to new and existing finance facilities, including:

  • Organizing and creating the design scope of due diligence and periodic audits to be performed by internal KEF personnel and/or third-party agencies. Review and communicate all audit results to management and advise accordingly as to any current or potential issues or areas of potential operational and/or credit risk.

• Assist SFL Account Managers in in accurately and timely completing all account administrative activities for both new and existing finance/loan facilities, including (but not limited to):

  • Review and complete all legal documentation loan & security agreements; trust agreements; custodian agreements; depository account control agreements; servicing agreements; etc.

  • Coordinate closing and funding procedures, as well as periodic advance requests and pay-downs on assigned loan facilities.

  • Assist in establishing and managing lockbox structures, DDA accounts; as well as collateral and cash management procedures.

  • Develop and prepare Closing Checklists; and assist in preparing Account Management Plans (AMPs).

  • Ensure proper booking and account maintenance for all transactions under management.

  • Work with transaction parties (investor/participants, services, clients) to ensure timely & accurate fulfillment of advance requests; periodic application of waterfall payments; investor settlements of principal, interest and fees; wire transfers; borrowing base reports, servicer reports, annual audits and other on-going servicing issues that arise.

  • Review and validate periodic borrowing base certificates; settlement reports; and supporting documents.

  • Assist in facilitating various renewals, loan increases, amendments, waivers, and agreement modifications on existing loan facilities.

  • Process and facilitate various other Client/Investor requests as requested,

• Assist in the periodic review and distribution of servicer reports; investor settlement reports; financial statements and reports; and borrowing base reports to insure timely adherence with the facility requirements and covenant compliance.

• Attend periodic meetings with prospective and existing clients, as requested by management,.

• Complete any other tasks relating to the ongoing administration of the SFL portfolio, as requested by management.

• The candidate for this job should possess the skills necessary to become fully proficient in the SFL portfolio in order to effectively handle all on-going account management. The position requires prior experience related in the following functional areas:

  • Finance & banking operations; portfolio management; loan accounting; credit underwriting; pricing; loan documentation and servicing;

  • Traditional commercial lending products (term loans, revolving loans, equipment finance products, treasury and cash management products, DDA account, and hedging instruments).

• Bachelors Degree required with concentration in business or finance;

• Proven communication and negotiation skills both written & oral;

• Proven organizational and relationship building skills;

• Demonstrated ability to analyze business and financial reports, with experience utilizing spreadsheet software (Microsoft Excel).

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $60,000 to $75,000 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 for a list of benefits for which this position is eligible.

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.

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