Credit Associate

Company: ManpowerGroup
Location: Cleveland
Posted on: January 27, 2023

Job Description:

**Location:**4910 Tiedeman Road - Brooklyn, Ohio 44144The Public Sector Underwriting Associate will be responsible for performing financial analysis and preparing underwriting documents to support complex, multimillion-dollar Public Sector (State and Local Government), Not-for-Profit, Public and Private Higher Education, Housing Authorities and Healthcare credit requests. Such requests include obtaining initial approval for new credit exposure (i.e., revolving credit facilities, terms loans, leases, foreign exchange products, derivatives products, and other ancillary products) and amendments to existing exposure. This core underwriting role assists in structuring new requests, as well as completing renewals, while independently managing workflow and communication with field partners. Credit Underwriting Associates are required to decision loans within an assigned lending authority, and make educated, well-thought recommendations when decisioning requires a higher-level approval authority. Additionally, the underwriting associate will be responsible for ongoing credit monitoring and assisting sales partners in structuring lending requests. This position reports to an Underwriting Team Leader within the Community Bank.**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, market share trends, financial trends, and other pertinent credit issues+ Perform enhanced Leveraged Cash Flow due diligence, when appropriate+ Assist Syndications/Relationship Managers in structuring transactions, as applicable+ Work closely with assigned Acuity Knowledge Services analyst, who provides outsourced analytical support+ Manage the approval process for lending commitments, amendments, waivers, and consents, including making recommendations to Credit Executives+ Ensure compliance with all Know Your Customer ("KYC") regulations+ Properly maintain documentation and necessary business records+ Monitor the ongoing financial performance of portfolio companies and track covenant compliance+ Proactively identify potential problem credits and work to improve the Bank's position in undesirable situations+ Collaborate with bankers and credit partners to drive the efficiency and effectiveness of the credit process to meet client expectations.**Required Qualifications**+ Bachelor's Degree with a preferred focus on Business course work, or equivalent work experience+ Prior Public Sector Public Sector (State and Local Government), Not-for-Profit, Public and Private Higher Education, Housing Authorities and Healthcare credit underwriting experience with preference of 3-5 years (Healthcare experience a plus)+ Firm understanding of public sector credit underwriting/approval methodologies, including specialized industries, acquisition financing, leveraged finance, and bank participations.+ Satisfactory understanding and knowledge of commercial credit policies, procedures, and loan systems (e.g. Moody's Risk Analyst)+ Commitment to core values; Teamwork, Respect, Accountability, Integrity, Leadership+ Ability to work well individually, as well as part of a team+ Demonstrated business writing and communication/presentation skills+ Satisfactory knowledge and proficiency in working with personal computers and business software (e.g. Microsoft Office - Word, Excel, Access and PowerPoint+ Eligibility to work permanently in the U.S.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 .ManpowerGroup is committed to providing equal employment opportunities in a professional, high quality work environment. It is the policy of ManpowerGroup and all of its subsidiaries to recruit, train, promote, transfer, pay and take all employment actions without regard to an employee's race, color, national origin, ancestry, sex, sexual orientation, gender identity, genetic information, religion, age, disability, protected veteran status, or any other basis protected by applicable law.

Keywords: ManpowerGroup, Cleveland , Credit Associate, Other , Cleveland, Ohio