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Underwriter/Portfolio Manager - Commercial Real Estate

Expired Job

Santander Bank Boston , MA 02298

Posted 5 months ago

Underwriter/Portfolio Manager - Commercial Real Estate-1802075

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.

The Underwriter/Portfolio Manager is responsible for evaluating and making decisions on renewals, modifications and new deals ensuring quality and soundness for credit transactions. Manages approval and commitment process (e.g. Committees) ensuring compliance with Credit Policy and accuracy of documents and supporting exhibits. Works with Relationship Managers and clients negotiating and communicating final deal structure and terms. Continuously monitors and proactively manages risk/exposure and compliance with Credit Policy for assigned portfolio. Frequently visits clients and reviews client performance and financials. Also provides guidance and mentoring to Credit Analysts. Responsible for evaluating financial performance of borrower and based on a variety of factors, determining an appropriate risk rating. Responsible for making decisions or recommendations on renewals, modifications, etc.

Duties and Responsibilities:

  • Responsible for evaluating and making decisions on renewals, modifications and new deals ensuring quality and soundness for credit transactions.

  • Manages approval and commitment process (e.g. Committees) ensuring compliance with Credit Policy and accuracy of documents and supporting exhibits.

  • Works with Regional Managers, Relationship Managers and clients negotiating and communicating final deal structure and terms.

  • Continuously monitors and proactively manages risk/exposure and compliance with Credit Policy for assigned portfolio.

  • Visits clients and reviews client performance and financials.

  • Provides guidance and mentoring to Credit Analysts.

  • Responsible for evaluating financial performance of borrower and based on a variety of factors determining an appropriate risk rating.

  • Responsible for making decisions or recommendations on renewals, modifications, etc.

  • Maintains compliance with the requirements of the applicable laws and regulations, including the bank's AML / BSA / OFAC / CIP program; ECOA / Reg B, and all other relevant laws and regulations.

  • May identify cross sell opportunities.

  • Authenticates all post loan closing activities, including conditions precedent to closing, are accurate and complete.

  • Communicates final deal structure, pricing, terms and conditions to client and Sales team maintaining integrity of formal Committee Approvals.

  • Identifies early client risk/exposure, early detection of volatile industries and markets for assigned portfolio within designated region.

  • Manages approval process ensuring accuracy of approval documents memorandum, supplemental exhibits and underwriting is compliant with current Credit Policy standards and practices.

  • Authorizes decisions in areas of credit transactions, risk ratings and extensions of credit within limits of individual authority and makes recommendations on others.

  • Evaluates structures, risk rates and underwrites companies with risk exposure or potential risk exposure to the bank.

  • Ensures appropriate compliance with all band requirements and loan covenants.

  • Negotiates terms and conditions of Credit with Relationship Manager.

  • Responsible for formal credit review processes such as Monitoring as well as Credit File reviews, Audits, Compliance Reviews etc and on an on-going basis reviews for accuracy and completeness all formal loan documentation, comments and updates.

  • Responsible for the quality, integrity and soundness of all financial analysis, underwriting and credit approval processes for an assigned portfolio.

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

Qualifications

  • Experience with Commercial Real Estate credit analysis

  • Bachelor's Degree in Business Administration, Accounting, Finance, Economics or equivalent work experience

  • 7+ years experience as a Senior Credit Analyst, Senior Loan Workout Analyst, Senior Portfolio Manager, Senior Underwriter

  • Solid writing skills and experience putting together credit write-ups and analysis

  • Ability to interact with all levels of management, work within a team environment and work independently

  • Ability to work with large databases and datasets for extraction and conversion into useful business information

  • Knowledge of Microsoft Office, particularly Excel

  • Strong negotiation and presentation skills

  • Strong organizational and administrative skills.

  • Ability to multi-task

  • Strong technical and analytical skills

  • Strong written/verbal communication and interpersonal skills

  • Thorough knowledge of financial statements, accounting principles, Credit Policy, applicable laws and industry data sources

Job:Commercial Risk Support

Primary Location:Massachusetts-BOSTON

Organization:Commercial Banking (4700)

Schedule:Full-time

Job Posting:Apr 13, 2018, 1:29:55 PM

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


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Underwriter/Portfolio Manager - Commercial Real Estate

Expired Job

Santander Bank