Abl Underwriter & Portfolio Manager

Boston, United States of America

What You Will Be Doing

Santander’s Commercial Banking Division is an active provider of capital, treasury management and risk management solutions to thousands of small and mid-sized companies in the northeast and across the country. We also have expertise and provide service to specific industry sectors including real estate, asset based lending, energy, education, health care and government. Our clients rely on the strength of Santander’s balance sheet and the degree to which our relationship managers understand their businesses in order to develop the most relevant and compelling solutions. In addition, Santander’s significant international presence in regions around the world uniquely positions us to help companies grow their business, both near and far.

Summary

The ABL Underwriter & Portfolio Manager focuses on 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. This role 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.

This position will be hybrid (part in-office/part remote) in terms of location.

Duties & Responsibilities

• 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
• Manages and services a portfolio of existing loan relationships
• Keeps informed of financial and market trends in the portfolio and analyzes those trends for the effect they will have on the portfolio
• Expands and builds relationships with a high degree of resultant customer satisfaction
• Underwrites and manages ABL middle market credits
• Handles reporting on loans such as past dues, documentation and collateral exceptions, financial performance updates, portfolio profitability, risk grades, etc.

Qualifications

• Able to assist RM's on how to structure the credit relationship
• 9-12 years of hands-on financial analysis, structuring, underwriting and portfolio management focused on ABL middle market credits (MUST be well-versed in underwriting ABL deals)
• Demonstrated practical and conceptual knowledge of credit and risk analysis
• Comfortable in customer contact situations including escalations and potential work-out/loan restructure environments
• Strong communication skills, and ability to influence others by persuasively presenting thoughts and ideas to gain commitment and agreement for proposed ideas and solutions
• Solid understanding of industry nuances applicable to the credits contained within the group's portfolio
• Bachelor's Degree or equivalent work experience - Finance, Accounting, Management, Economics or equivalent field. Master's Degree - Finance, Accounting, Management, Economics or equivalent field
• Knowledge of Federal banking regulations
• Exhibits competency at independently reaching conclusions and forms clear view of credit structure and business risk to organization
• Demonstrated knowledge in financial modeling and able to structure credit in modeling environment
• Solid knowledge of loan and related legal documents
• Skilled in proposing and negotiating and recommending credit and covenant structures
• Must demonstrate strong judgment and sound credit skills
• Completion of bank-certified course in Credit Training preferred
• Proficiency with computer systems

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.

Experience

WHAT WE ARE LOOKING FOR

EDUCATION

COMPETENCIES

English

Primary Location: Boston, MA, Boston

Other Locations: Massachusetts-Boston,New Jersey-Florham Park,New York-New York,Pennsylvania-Reading,Pennsylvania-Conshohocken

Organization: Santander Bank N.A.

AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO

Req0936188