Underwriting & Portfolio Management Underwriting & Portfolio Management …

Santander
in Boston, MA, United States
Permanent, Full time
Be the first to apply
Competitive
Santander
in Boston, MA, United States
Permanent, Full time
Be the first to apply
Competitive
Underwriting & Portfolio Management
Job Opportunity Underwriting & Portfolio Management Underwriting & Portfolio Management -2000573 Description

As a member of Santanders retail banking division youll help serve Santanders retail and small business customers as part of one of the top banks in the United States based on deposits. With principal presence in the northeast U.S., Santanders retail division offers consumer and lending products to help our customers reach their financial goals. Santander currently serves nearly 2 million retail customers and 5.2% of the 2.7 million small businesses in the US footprint have a transactional account with Santander Bank.

The Underwriting & Portfolio Management manages a portfolio of complex and/or high dollar banking loan relationships, and routinely monitors them for risks inherent in a business loan portfolio.. 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. The Associate, Underwriting & Portfolio Management 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.

Responsibilities

  • Support management of the assigned portfolio of companies and the development of credit applications.
  • Develop detailed corporate projection models based on bottoms up analysis of a borrower.
  • Provide views on a borrower capacity to repay through an analysis of cash flow projections, collateral analysis and enterprise valuation.
  • Analyze transaction structures, identifying strengths and weaknesses of a proposed structure; recommend risk mitigation options.
  • Ability to understand complex corporate structures and recommend appropriate credit terms to ensure extensions of credit are in line with bank risk appetite.
  • Thorough understanding of regulatory requirements impacting lending.
  • Present and defend credit recommendations to approval committee.
  • Review and challenge business plans.
  • Assist in special projects as assigned.
  • Maintain strong relationships with relationship managers and product teams.
  • Keep informed of financial and market trends in the portfolio and analyze those trends for the effect they will have on the 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
  • Bachelor's Degree in Finance, Accounting, Management, Economics or equivalent field.
  • Master's Degree in Finance, Accounting, Management, Economics or equivalent field or CFA Charter recommended.
  • 3-8 years of working experience in financial analysis, structuring, underwriting and portfolio management.
  • Completion of bank-certified course in Credit Training.
  • Comfortable in customer contact situations including escalations and potential work-out/loan restructure environments.
  • Demonstrated knowledge in financial modeling and 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.
  • Proficiency with computer systems.
  • Skilled in proposing, 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.
  • Strong communication skills, and ability to influence others by persuasively presenting thoughts and ideas to gain commitment and agreement for proposed ideas and solutions.
Job : Underwriting Primary Location : Massachusetts-Boston-75 State Street - 06366 - State Street-Corp Other Locations : Massachusetts-Andover-71 Main Street - 06348 - Andover-Main Street, Massachusetts-Worcester-446 Main Street - 06361 - Main Street-Corp, Rhode Island-East Providence-95 Amaral Street - 06359 - Santander Way, Massachusetts-Dorchester-2 Morrissey Boulevard - 06367 - Columbia Park, Rhode Island-Providence-One Financial Plaza - 06360 - One Financial Plaza, Massachusetts-Framingham-5 Whittier Street - 06365 - Whittier Street-Corp Organization:Consumer & Business Banking (1001) Schedule : Full-time Job Posting : Feb 6, 2020, 7:10:40 PM

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

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