Doug Schosser

About

Doug Schosser ‘92 grew up in a small town in Connecticut, but his family was originally from Ann Arbor, Michigan. Seeing himself as a bit more “Midwestern” than East Coast, he leaned towards Miami’s perfect blend of the “classic college campus” and the Midwestern appeal he was looking for. Doug came to Miami as an undecided student and enrolled in a variety of classes to see what might peak his interest. “Accounting was that thing for me. I was always strong in math, and a good logical thinker, so accounting appealed to me.”

While at Miami, Doug was a Delta Sigma Pi brother and enjoyed being exposed to other business majors and outside speakers that helped bridge the gap between the real world and college. A summer job at a bank convinced him that he wanted a career in the financial industry. Unsuccessful in finding a role with the Big 8, he decided the next best thing was going into an internal auditing position within a financial services firm. “I think that was a great choice to start a career. Internal audit exposes you to so many facets of a firm and allows you to really understand processes and a way of thinking and probing areas that are foreign to you.” He credits those skills for his successes throughout his career. 

From there, his career took him to roles of increasing complexity at KeyBank and its parent company KeyCorp, all in the Business Finance area (financial analysis and decision support, up to and including divisional CFO roles). As Key’s Corporate Bank CFO, he became interested in a recent acquisition and led the integration of that business into Key. Currently, Doug is EVP and Chief Accounting Officer at KeyCorp.

“The best part of my current role is the scope of the job and the fact that I can really find almost unlimited ways I can add value to Key by working with our business leaders, technology partners, and others to constantly improve the processes we follow and increase the quality of the information we use to run the company. I think the future of accounting will be to help companies continue to use data in different ways to drive better business outcomes. The way we are trained to think about controls and data integrity and translate all that into business actionable insights is a unique skill that, when paired with technology experts, can really drive results. Many executives don’t have the time to dive deep into these issues but want to have access to more and more information and understand how changes to processes can influence outputs. That seems to be the sweet spot that “data driven” accounting and finance professionals can offer.”