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Multifamily CRE Portfolio Manager

Company: Santander Holdings USA Inc
Location: New York
Posted on: January 27, 2023

Job Description:

Multifamily CRE Portfolio ManagerNew York, United States of AmericaWHAT YOU WILL BE DOINGUSA 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:Manages 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:Handles day-to-day management of model portfolios, which includes portfolio construction, analyzing model characteristics, supervising the model release process, and resolving associated issues.Test covenants for DSCR, DY and Earnout.Develops, monitors and communicates performance, risk, positioning, and rebalance metrics to ensure alignment with the Portfolio Managers investment thesis and process.Performs investment analysis projects in conjunction with the Portfolio Managers and research staff to continuously refine and improve the investment methodology and associated policies.Monitors re-allocations and operational processes by working closely with portfolio services, data strategy & management, product development, and the distribution.Develops hypothetical portfolios and ad-hoc analysis for prospective plan sponsors.Runs periodic and ad hoc updates to portfolio construction and attribution models, analyzing sensitivities and risks to key assumptions, and presenting this information to the team.Monitors portfolio positioning relative to market developments and building tools needed to do so systematically and efficiently.Initiates portfolio management discussions as and when needed, including providing clear analysis and presentation of relevant information both in writing and orally.Participates in portfolio management discussions and documenting decisions made, key inputs to those decisions, and conditions under which decisions require review.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, Business, Economics, Accounting or other equivalent field. (Req) -Work Experience:Experience in commercial real estate credit structuring, underwriting and portfolio management, 5-9 yearsSkills and Abilities:Underwriting and portfolio management experience.Ability to timely comply covenant testing / compute Earnout amount required per legal documents based on interim financials provided.Ability to review and understand legal documents and work with legal counsel to determine and exercise appropriate legal actions and follow up.Solid MS Word and Excel skills.Organized and self-sufficient.Strong quantitative reasoning and writing skills.Ability to effectively present information and respond to questions from groups or managers, members, and general public.Excellent member service skills.Detail oriented, common sense decision-making; above average oral, written and communications skills.Ability to define problems, collect data, establish facts, and draw valid conclusions.Ability to work with mathematical concepts, such as profitability and statistical inference.Ability to apply concepts, such as fractions, percentages, ratios and proportions, to practical situations.Capacity to complete projects on time.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. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.For NYC Job Applicants: The base annual salary range for this position is $73,360-$152,375. - The exact compensation may vary based on skills, experience, training, licensure and certifications and location. English

Primary Location: -New York, New York, United States of America
Other Locations: -New York-New York
Organization: -Santander Bank N.A.

Keywords: Santander Holdings USA Inc, New York , Multifamily CRE Portfolio Manager, Executive , New York, New York

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