Senior Associate, Workout Officer (CRE/Multifamily Housing) (100% Remote)

Responsibilities

Devise strategies, negotiate and structure transactions as required in Workout, provided that the decisions are consistent with the overall obligor strategy and plan as approved.

Develop Workout strategies including analysis of a borrower’s repayment capacity, evaluation of the guarantor support, and continual assessment of collateral condition and value.

Perform financial analysis,mercial Real Estate appraisal analysis, understanding of market dynamics and ensuring internal and external reporting ispleted as required.

Prepare Workout credit proposals and reviews, ensuring appropriate risk ratings, accrual status, charge-offs, reserves, and strategies.

Provide continuous monitoring of credit risks in the Portfolio and propose action plans directed towards mitigation and resolving further potential deterioration in borrowers in the Portfolio

Collaborates with multiple internal and external parties associated with each loan, including legal, loan operations and the middle office.

Facilitates the resolution of problem loans through improved credit quality or repayment, in a cost effective manner.

Reviews adequacy of assigned risk ratings and provide support for risk rating upgrade and downgrade rmendations.

Collects financial information,municates with loan operations and middle office to ensure approved loans are booked, funded, and managed in a proper and timely manner.

Reduces criticized and classified exposures in accordance with risk management objectives and corporate budgets.

Ensurespliance with training, statutes, valuation and environmental policy.

Analyzes severely delinquent and charged off accounts to identify possible problems, trends, and issues for feedback to credit and management.

Mentors and coaches work of junior level workout professionals.

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 amodations may be made to enable individuals with disabilities to perform the essential functions.

Education :

Bachelor's Degree or equivalent work experience : Business, Accounting, Finance, Economics or equivalent field.

Master's Degree : Business, Accounting, Finance, Economics or equivalent field, preferred.

Work Experience :

10+ Yearsmercial Real Estate Workout experience or

10+ years of CRE underwriting / portfolio management experience

Skills and Abilities :

Ability to develop and present the Bank’s position to execute proposed strategies to remedy substandard and non-performing credits.

Strong math and analytical skills.

In depth understanding of CRE loan documentation

Ability to quickly respond to inquiries from regulatory agencies, internal partners, and external consultants.

Advanced knowledge of collection and workout best practices, identification, resolution and implementation.

Excellent written and verbalmunication skills

Excellent critical thinking skills with the ability to be adept in identifying and resolvingplex risk management problems.

Ability to build and foster internal relationships.

Ability to interact with senior level management; experience interfacing with multiple levels of the organizational structure.

Advanced Microsoft Office (Excel, Word, PowerPoint, Outlook, Sharepoint) skills.

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 the right candidate, this position can be fully remote.

For NYC Job Applicants : The base annual salary range for this position is $125,000 - $165,000. The exactpensation may vary based on skills, experience, training, licensure and certifications and location.

Bachelor of Science (BS) English

Primary Location : New York, NY, New York

Other Locations : New York-New York,Texas-Santander Consumer,Ohio-Columbus,North Carolina-Raleigh,Michigan-Lansing,Maryland-Annapolis,Virginia-Richmond,Iowa-Des Moines,Nevada-Carson City,New Hampshire-Concord,Alabama-Montgomery,Texas-Austin,South Carolina-Columbia,Vermont-Montpelier,Alaska-Juneau,New Jersey-Trenton,Montana-Helena,California-Sacramento,Nebraska-Lincoln,West Virginia-Charleston,New York-Albany,Wisconsin-Madison,Colorado-Denver,Wyoming-Cheyenne,Indiana-Indianapolis,Missouri-Jefferson City,Georgia-Atlanta,Connecticut-Hartford,Oklahoma-Oklahoma City,Massachusetts-Boston,Illinois-Springfield,Utah-Salt Lake City,Mississippi-Jackson,Florida-Tallahassee,Delaware-Dover,Hawaii-Honolulu,Washington-Olympia,Maine-Augusta,New Mexico-Santa Fe,South Dakota-Pierre,Arkansas-Little Rock,Pennsylvania-Harrisburg,Tennessee-Nashville,North Dakota-Bismarck,Kentucky-Frankfort,Idaho-Boise,Minnesota-St Paul,Rhode Island-Providence,Oregon-Salem,Louisiana-Baton Rouge,Kansas-Topeka

Organization : Santander Bank

Job ID 1409907813