Manager - Multifamily Commercial Real Estate Portfolio Management
Company: Santander Holdings USA Inc
Location: Queens Village
Posted on: January 27, 2023
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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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