Manager, CMBS Pricing and Agency Execution

KeyCorp
Chicago, Kansas
Workplace: HybridFull timeUSD 128,000 - 268,000 annuallyFunction: Communications, PR & CommunityExperience: 10+ yearsEducation: bachelorsSkills: ["Analytical reasoning","Financial modeling","Relationship building","Communication","Decision-making"]

Manage the pre-screening, structuring, and pricing of CMBS (including conduit and SASB) commercial real estate loan opportunities. Lead detailed rating agency analysis, build rating agency cash flows and credit enhancement stacks, and set breakeven pricing using current market spreads and securitization economics. Partner with production management and KeyBanc Capital Markets to deliver actionable market intelligence, monitor rating criteria and investor appetite, and provide advisory support to bankers and clients.

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FursaFursa
KeyCorp
KeyCorp
2 months ago

Manager, CMBS Pricing and Agency Execution

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Last checked: 2 hours agoStatus: Live

Job Summary

Manage the pre-screening, structuring, and pricing of CMBS (including conduit and SASB) commercial real estate loan opportunities. Lead detailed rating agency analysis, build rating agency cash flows and credit enhancement stacks, and set breakeven pricing using current market spreads and securitization economics. Partner with production management and KeyBanc Capital Markets to deliver actionable market intelligence, monitor rating criteria and investor appetite, and provide advisory support to bankers and clients.
Location: Chicago, Kansas
Workplace: Hybrid
Employment Type: Full time
Job Function: Communications, PR & Community
Seniority: Manager level

Key Responsibilities

  • •Screen CMBS loan opportunities for market acceptability, structural integrity, and alignment with risk parameters and securitization guidelines.
  • •Conduct rating agency analysis, creating cash flows and credit enhancement stacks using proprietary pricing tools.
  • •Price loan exposures with the CMBS Pricing Desk, ensuring breakeven analysis reflects market spreads and securitization economics.
  • •Structure SASB opportunities and evaluate fixed- vs floating-rate alternatives for best execution across rating agency capital structures.
  • •Monitor market trends and provide weekly pricing/breakeven recommendations while maintaining relationships with rating agencies and other capital markets participants.
Travel: Low travel

Pay and Benefits

Salary: USD 128,000 - 268,000 annually

Key Requirements

  • •Ten or more years of experience in CMBS, debt capital markets, or structured finance at a major bank, rating agency, or financial institution.
  • •Demonstrated expertise in rating agency methodologies and credit enhancement analysis.
  • •Bachelor’s degree in finance, economics, real estate, or a related field required; MBA or advanced degree in finance or real estate preferred.
  • •Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and Adobe products required.
  • •Strong communication skills and analytical/modeling capability for pricing and breakeven analysis.
Experience:10+ yearsCMBSDebt capital marketsStructured financeRating agenciesCapital marketsReal estate lending
Education:Bachelor's in finance, economics, real estate, or a related field
Skills:Analytical reasoningFinancial modelingRelationship buildingCommunicationDecision-making
Tech Stack:Microsoft ExcelMicrosoft WordPowerPointAdobe

Company Brief

KeyCorp
KeyCorp operates KeyBank, providing retail and commercial banking, lending, wealth management, and investment services to individuals, businesses, and institutions across the United States.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Cleveland, United States
Founded: 1849
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Glassdoor: 3.6
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