ABL Underwriter (Boston)

Santander Bank Boston , MA 02298

Posted 3 months ago

ABL Underwriter (Boston)-1905727

Description

Santander's Commercial Banking Division is an active provider of capital, treasury management and risk management solutions to thousands of small and mid-sized companies in the northeast and across the country. We also have expertise and provide service to specific industry sectors including real estate, asset based lending, energy, education, health care and government.

Our clients rely on the strength of Santander's balance sheet and the degree to which our relationship managers understand their businesses in order to develop the most relevant and compelling solutions. In addition, Santander's significant international presence in regions around the world uniquely positions us to help companies grow their business, both near and far.

Summary

The ABL Underwriter focuses on support to commercial lending teams. The incumbent provides expertise in underwriting, structuring, servicing and documenting new and renewal credits. In addition, s/he is responsible for identifying, gathering and analyzing relevant information to assess credit risk, establish viability of sources of repayment and determine appropriate loan structures. Acts as lead underwriter in collaboration with bankers in preparing credit approval memos with recommendations consistent with bank policy that illustrate well-reasoned analysis. The Underwriter performs servicing reviews and supports management of the assigned portfolio to identify and minimize risk to the organization. Provides quality customer service, including participation in joint calls on customers, as needed.

Duties & Responsibilities:

  • Ensures financial statements are spread and analyzed, addressing industry risks, monitoring collateral requirements, loan structuring and pricing, credit analysis, monitoring credit performance and assisting with loan presentations

  • Expands and builds relationships with a high degree of resultant customer satisfaction

  • Handles reporting on loans such as past dues, documentation and collateral exceptions, financial performance updates, portfolio profitability, risk grades, etc.

  • Keeps informed of financial and market trends in the portfolio and analyzes those trends for the effect they will have on the portfolio

  • Manages and services a portfolio of existing loan relationships

At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.

Qualifications

  • Bachelor's Degree or equivalent work experience
  • Finance, Accounting, Management, Economics or equivalent field; Master's Degree preferred, not required

  • Finance, Accounting, Management, Economics or equivalent field

  • 9-12 years of relevant work experience with financial analysis, structuring, underwriting and portfolio management

  • Hands-on, current experience underwriting Asset Based Lending transactions

  • Completion of bank-certified Credit Training course preferred

  • Comfortable in customer contact situations including escalations and potential work-out/loan restructure environments

  • Demonstrated knowledge in financial modeling and able to structure credit in modeling environment

  • Able to assist RM's on how to structure the credit relationship

  • Demonstrated practical and conceptual knowledge of credit and risk analysis

  • Exhibits competency at independently reaching conclusions and forms clear view of credit structure and business risk to organization

  • Knowledge of Federal banking regulations

  • Must demonstrate strong judgment and sound credit skills

  • Skilled in proposing and negotiating and recommending credit and covenant structures

  • Solid knowledge of loan and related legal documents

  • Solid understanding of industry nuances applicable to the credits contained within the group's portfolio

  • Extremely strong communication skills - oral and written, and ability to influence others by persuasively presenting thoughts and ideas to gain commitment and agreement for proposed ideas and solutions

  • Brings out the best in each team member by consistently motivating and acknowledging peer contributions

  • Understands and leverages team dynamics

  • Ensures required resources and skills are in place to maintain smooth day-to-day operations and tackle arising problems

  • Ensures that all directs and colleagues have appropriate knowledge of risk and the regulatory environment Investigates and identifies the root cause and corrects items deemed non-compliant, regardless of pressures from business or management

  • Fully accountable for timeliness, completeness, quality of projects, processes, products and services

  • Remains calm and focused on goals while facing pressures, obstacles or short-term setbacks

  • Improves relationships between key individuals to achieve seamless cross-team work flow and positively impact results

  • Uses informal networks to gain support for ideas and projects

  • Keeps up -to-date with external market events, pressures and regulations which may impact the organization and assesses whether similar issues exist in the organization

  • Can identify functional and organizational implications associated with major trends

  • Designs solutions to address industry activities that impact the organization

  • Reformulates the problem in different ways to evaluate it from different angles

  • Stays up-to-date with needs, preferences, trends and practices which impact customers

  • Acts as a role model by being a source of advice and knowledge regarding customer issues

  • Takes responsibility for and deals effectively with complex and sensitive customer issues and complaints

  • Anticipates customer needs and proactively makes recommendations

Job

:Underwriting

Primary Location

:Massachusetts-Boston-28 State Street

  • 06560 - 28 State Street

Organization

:Commercial Banking (4700)

Schedule

:Full-time

Job Posting

:Nov 8, 2019, 2:59:30 PM

AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO


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ABL Underwriter (Boston)

Santander Bank