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Manager - Multifamily Commercial Real Estate Portfolio Management

Company: Santander Holdings USA Inc
Location: Queens Village
Posted on: January 27, 2023

Job Description:

Manager - Multifamily Commercial Real Estate Portfolio Management

New York, United States of America

WHAT YOU WILL BE DOING

USA Job Function Description:

Oversees a team of Portfolio Managers that assess risk and manage loans through their lifecycle. Reviews credits on an annual or quarterly cycle to properly risk rate loans and document them accordingly. Reports to Head of Portfolio Management material issues on credits and recommends appropriate action plans. Adheres to Credit Standards, laws and regulations.

Essential Functions/Responsibilities:
Accurately risk rate loans so the Bank can properly allocate reserves and assess the loan's probability of default and probability of loss.

Ensure the reporting requirements for loans are met and the due diligence reviewed in a timely manner.

Oversee covenant compliance and enforcement.

Develop individual Portfolio Managers credit skills and career growth.

Review Credit Memos from Portfolio Managers for proper rating, accuracy, and efficient communication.

Assist with audits and quality control reviews, both internal and external.

Ensure reporting requirements are met.

Issue proper notice to borrowers related to events of defaults and the bank's reservation of rights under the loan documents.

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:
At least 5-9 years of experience in either portfolio management or underwriting, preferably within the multifamily asset class.

Skills and Abilities:
Understanding of credit analysis, risk analysis, along with accounting and finance principles.

Demonstrated proficiency in organizing and prioritizing work to meet deadlines, with the ability to adapt within a changing environment.

Proficient in Microsoft Word, Excel, and Outlook.

Strong analytical skills and an understanding of general economic theory as it relates to the lending and the business environment.
Strong credit underwriting skills.
Looks for ways to improve efficiency and promote quality.

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.

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 $143,750-$166,750. 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 , Manager - Multifamily Commercial Real Estate Portfolio Management, Executive , Queens Village, New York

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