Mid-Corp Underwriter & Portfolio Manager

Company: Santander Holdings USA Inc
Location: Baldwin
Posted on: November 26, 2022

Job Description:

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 relationships.

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 portfolio.

Assists in special projects as assigned.

Qualifications:
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 functions.

Education:
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).

Work Experience:
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 covenant structures.
Comfortable in customer contact situations including escalations and potential work-out/loan restructure environments.
Demonstrated practical and conceptual knowledge of credit and risk analysis.
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.
Exhibits competency at independently reaching conclusions and forms clear view of credit structure and business risk to organization.
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 and location.

Primary Location: Stamford, Connecticut, United States of America

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