{"id":1716401,"url":"https://alion.io/job/key-com-manager-cmbs-pricing-and-agency-execution","title":"Manager, CMBS Pricing and Agency Execution","company":{"id":450627,"name":"KeyBank","domain":"key.com","url":"https://alion.io/company/key-com","size_band":"1001-5000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Workday","truth_index":{"grade":"B","score":83,"open_postings":30,"ghost_share":0,"stale_share":0.7,"repost_share":0,"time_to_fill_p50_days":25,"computed_at":"2026-10-19T05:45:15Z"}},"role":"Operations","role_family":"Operations","seniority":"staff","employment_type":"full_time","work_mode":"hybrid","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Chicago, United States","Overland Park, United States"],"countries":["US"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":128000,"max":268000,"currency":"USD","period":"year","gross":null,"usd_annual":268000},"salary_estimate":null,"experience_years_min":10,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"Microsoft Office","optional":false}],"status":"live","first_seen_at":"2026-08-31T00:00:00Z","employer_posted_date":"2026-08-31","last_verified_at":"2026-10-18T16:34:53Z","board_verified":true,"closed_at":null,"days_open":49,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":49},"description":"Location:\n1 N Wacker Drive, Chicago IllinoisJob Summary\nThe Manager, CMBS Pricing and Agency Execution serves as a senior market-facing specialist responsible for the pre-screening, structuring, and pricing of commercial real estate loan\nopportunities for conduit and SASB CMBS executions. This role requires deep expertise in rating agency methodologies, credit enhancement analysis, and capital markets pricing to ensure KeyBank's loan originations are competitively structured, accurately priced, and aligned with\ncurrent market conditions. The Manager, CMBS Pricing and Agency Execution partners closely with national production managers, commercial mortgage bankers, the CMBS Pricing Desk, and KeyBanc Capital Markets to deliver timely and actionable market intelligence that drives informed origination and execution decisions.\nEssential Functions\nScreen new CMBS loan opportunities from national production managers and commercial mortgage bankers, reviewing transactions for market acceptability, structural integrity, and alignment with KeyBank's risk parameters and securitization guidelines.\nConduct detailed rating agency analysis for each prospective transaction, including the creation of rating agency cash flows and credit enhancement stacks using KeyBank's proprietary agency pricing tools.\nPrice individual loan exposures in conjunction with the CMBS Pricing Desk, ensuring breakeven analysis reflects current market spreads, comparable deal treatment, and anticipated securitization economics.\nReview and structure Single Asset / Single Borrower (SASB) opportunities, creating multiple rating agency capital structures and analyzing best execution across fixed- and floating-rate alternatives.\nCollaborate with KeyBanc Capital Markets to assign credit spreads to hypothetical SASB and conduit structures, ensuring pricing reflects current investor demand and secondary market conditions.\nContribute to weekly CMBS pricing breakeven analysis in partnership with the CMBS Pricing Desk, Production Management, and KeyBanc Capital Markets, providing market-informed recommendations on loan pricing and structuring.\nMonitor and interpret market trends, including rating agency criteria updates, comparable securitization performance, new issuance activity, and investor appetite, and disseminate actionable intelligence to the CMBS management team and commercial mortgage bankers.\nMaintain deep relationships with rating agencies (Fitch, KBRA, Moody's, S&P, DBRS Morningstar), subordinate bond buyers, loan sellers, and other debt capital markets participants to ensure KeyBank remains well-positioned and informed.\nPartner with the Underwriting Manager and Securitization Manager to ensure seamless coordination between deal screening, underwriting execution, and securitization delivery.\nProvide advisory support to commercial mortgage bankers and clients regarding permanent debt solutions, market structures, and optimal execution strategies.\nPartner with mortgage bankers in borrower meetings and deal calls to support loan application discussions and strengthen client confidence.\nComply with all KeyBank policies and procedures, including acting professionally, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of clients and KeyBank.\nEducation\nBachelor's degree in finance, economics, real estate, or a related field required\nMBA or advanced degree in finance or real estate preferred\nWork Experience\nTen or more years' experience in CMBS, debt capital markets, or structured finance at a major bank, rating agency, or financial institution\nDemonstrated expertise in rating agency methodologies and credit enhancement analysis required\nPrior experience in a deal screening, loan pricing, or capital markets advisory role strongly preferred\nProficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and Adobe products required\nExperience with CMBS rating agency cash flow models and proprietary pricing tools preferred\nExcellent verbal and written communication skills required Skills\nDeep knowledge of CMBS and real estate debt capital markets\nRating agency methodology expertise (Fitch, KBRA, Moody's, S&P, DBRS, Morningstar)\nCredit enhancement and capital structure analysis\nLoan pricing and breakeven analysis\nMarket intelligence and trend analysis\nRelationship building with external market participants\nAnalytical reasoning and financial modeling\nDecision-making under pressure in a fast-paced environment\nStrong written and verbal communication\nCollaboration across origination, underwriting, securitization, and capital markets teams\nClient service orientation and advisory capabilities\nRisk identification and mitigation awareness\nConfidentiality and ethical judgment\nBusiness and financial acumen\nKnow Your Customer and Anti-Money Laundering compliance awareness\nCore Competencies\nAll KeyBank employees are expected to demonstrate KeyBank's values and abide by KeyBank's Code of Conduct.\nPhysical Demands\nGeneral office environment\nProlonged sitting\nFrequent use of a PC or laptop\nAbility to communicate in person and by phone with teammates and clients\nOccasional lifting, pushing, or pulling of backpacks or computer bags up to 10 pounds\nTravel\nOccasional travel, including overnight stays, to meet with rating agencies, market participants, and KeyBank production offices.\nWork Location\nIn office schedule requiring four or more days in the office.\nCOMPENSATION AND BENEFITS\nThis position is eligible to earn a base salary in the range of $128,000.00 - $268,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.Please click here for a list of benefits for which this position is eligible.\nKey has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.\nJob Posting Expiration Date: 10/30/2026\n\nKeyCorp is an Equal Opportunity Employer committed to 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, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.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 .\n#LI-Hybrid","description_format":"text","description_chars":6763,"description_truncated":false,"requirements":{"experience_years_min":10,"management_years_min":null,"team_size_min":null,"manages_managers":false,"education":{"level":"bachelor","optional":false},"security_clearance":false,"languages":[]},"benefits":[],"hiring_locations":[{"name":"United States","iso":"US","kind":"country"}],"hiring_excludes":[],"relocation_offered":false,"industries":["Financial Services","Professional Services","Real Estate","Consumer Loans & Pawnshops"],"lifecycle":[{"event":"open","at":"2026-10-02T18:43:07Z"}],"visa":[],"liveness":{"score":17,"band":"cold","label":"Long shot","p_open":1,"p_active":0.479,"p_room":0.36,"age_days":49,"expected_fill_days":25,"reasons":["conf:13","stale_co","velocity","win:tail","crowd:brand"],"computed_at":"2026-10-19T05:45:15Z"},"pay":{"stated_usd_annual":268000,"is_top_pay":true},"html_url":"https://alion.io/job/key-com-manager-cmbs-pricing-and-agency-execution","json_url":"https://alion.io/job/key-com-manager-cmbs-pricing-and-agency-execution.json","meta":{"generated_at":"2026-10-19T19:19:06Z","cache_seconds":300,"methodology":"https://alion.io/methodology","terms":"https://alion.io/terms","contact":"https://alion.io/contact","api":"https://alion.io/developers","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json","usage":{"tier":"crawler_verified","counted_by":"address","units_charged":1,"used_today":15296,"day_limit":null,"remaining_today":null,"minute_limit":300,"resets_at":"2026-10-20T00:00:00Z"}},"offers":[{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.02,"usd":0.002,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"the employer in depth","call":{"mcp_tool":"get_company","arguments":{"id":450627},"rest":"https://alion.io/mcp/rest/get_company?id=450627"},"human":"https://alion.io/catalog?offer=company.slices&for=job%2Fkey-com-manager-cmbs-pricing-and-agency-execution"},{"id":"market.stats","title":"A market slice: pay, demand and time to fill","status":"live","price":{"credits":1,"usd":0.1},"unit":"per slice","note":"pay, demand and time to fill for this role and place","call":{"mcp_tool":"market_stats"},"human":"https://alion.io/catalog?offer=market.stats&for=job%2Fkey-com-manager-cmbs-pricing-and-agency-execution"},{"id":"job.search","title":"Open jobs by role, technology, place, pay and visa","status":"live","price":{"credits":0.02,"usd":0.002},"unit":"per posting in a list","note":"similar open postings","call":{"mcp_tool":"search_jobs"},"human":"https://alion.io/catalog?offer=job.search&for=job%2Fkey-com-manager-cmbs-pricing-and-agency-execution"},{"id":"company.verify","title":"Is this company real and active right now","status":"pilot","price":null,"unit":"per company","request":{"url":"https://alion.io/catalog/request","method":"POST","body":"{\"offer\": \"company.verify\", \"for\": \"job/key-com-manager-cmbs-pricing-and-agency-execution\", \"note\": \"what you need it for\"}"},"human":"https://alion.io/catalog?offer=company.verify&for=job%2Fkey-com-manager-cmbs-pricing-and-agency-execution"}]}