Mid-Corp Underwriter & Portfolio Manager
Company: Santander Holdings USA Inc
Posted on: November 26, 2022
Mid-Corp Underwriter & Portfolio Manager
Country: United States of America
WHAT YOU WILL BE DOING
The Mid-Corp Underwriter & Portfolio Manager 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 & Portfolio Manager
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.
USA Job Family Description:
Reviews, analyzes and evaluates risks in order to renew existing
business or generate new accounts. Determines appropriate terms and
conditions for coverages and rates for program profitability.
Contributes to the profitable growth of specific program(s) by
maintaining pricing integrity, product excellence, and the
development of meaningful performance metrics and controls.
USA Job Function Description:
Underwrites risk (i.e., selection/rejection of new and renewal
business). Analyzes quality and quantity of risks underwritten and
prepares reports accordingly. Administers and monitors underwriting
rules and guidelines, rating manual rules, laws and regulations.
May review books of business as well as profit/growth results and
trends to recommend and implement action plans.
Essential Functions/Responsibility Statements:
Underwrite Mid-Corp transactions.
Manages and services a portfolio of existing loan
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.
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
Assists in special projects as assigned.
To perform this job successfully, an individual must be able to
perform each essential duty satisfactorily. The requirements listed
below are representative of the knowledge, skill, and/or ability
required. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential
Bachelor's Degree or equivalent work experience in Finance,
Accounting, Management, Economics or equivalent field. (Req).
Master's Degree in Finance, Accounting, Management, Economics or
equivalent field. (Pref).
9-12 years of financial analysis, structuring, underwriting and
portfolio management, or relevant experience (Req)
Skills and Abilities:
Skilled in proposing and negotiating and recommending credit and
Comfortable in customer contact situations including escalations
and potential work-out/loan restructure environments.
Demonstrated practical and conceptual knowledge of credit and risk
Demonstrated knowledge in financial modeling and able to structure
credit in modeling environment.
Able to assist RM's on how to structure the credit
Exhibits competency at independently reaching conclusions and forms
clear view of credit structure and business risk to
Solid understanding of industry nuances applicable to the credits
contained within the group's portfolio.
Solid knowledge of loan and related legal documents.
Strong communication skills, and ability to influence others by
persuasively presenting thoughts and ideas to gain commitment and
agreement for proposed ideas and solutions.
Must demonstrate strong judgment and sound credit skills.
Knowledge of Federal banking regulations.
Diversity & EEO Statements:
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.
Santander is an equal opportunity employer. All qualified
applicants will receive consideration for employment without regard
to race, color, religion, sex, sexual orientation, gender identity,
national origin, genetics, disability, age, veteran status or any
other characteristic protected by law.
Working Conditions: Frequent Minimal physical effort such as
sitting, standing and walking. Occasional moving and lifting
equipment and furniture is required to support onsite and offsite
meeting setup and teardown. Physically capable of lifting up to
fifty pounds, able to bend, kneel, climb ladders.
Employer Rights: This job description does not list all of the job
duties of the job that you may be asked by your supervisors or
managers to perform
For NYC Job Applicants: The base annual salary range for this
position is $126,000-$165,000. The exact compensation may vary
based on skills, experience, training, licensure and certifications
Primary Location: Stamford, Connecticut, United States of
Other Locations: Connecticut-Stamford,New Jersey-Florham Park,New
York-Melville,New York-New York
Organization: Santander Bank N.A.
Keywords: Santander Holdings USA Inc, New York , Mid-Corp Underwriter & Portfolio Manager, Executive , Baldwin, New York
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