Senior Associate - Commercial Real Estate/ Workout Officer (100% Remote)
Company: Santander Holdings USA Inc
Location: Honolulu
Posted on: May 4, 2024
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Job Description:
Senior Associate - Commercial Real Estate/ Workout Officer (100%
Remote) New York, United States of America Job Function
Description: Manages a portfolio of criticized and distressed
commercial real estate loans, across multiple property types, with
risk management and loss mitigation as primary objectives.
Minimizes potential losses to the Company by identifying areas of
concern and/opportunities, and reports on potential and/or known
issues and implements solutions in accordance with risk management
objectives. Provides continuous monitoring of credit risks in the
Portfolio and proposes action plans directed towards mitigation and
resolving further potential deterioration in borrowers in the
Portfolio. Performs financial analysis on the commercial real
estate collateral and related parties, reviews market conditions,
and identifies the relevant risks that are appropriately mitigated.
Represents or supports the reputation of the company to minimize
compliance and regulatory risk by resolving issues and ensuring
adherence to company and legal standards. Responsible for ensuring
that all of the company's activities adhere to the necessary rules
and regulations, and that the company complies with
legal/regulatory statutes and jurisdictions. Ensures adherence to
the policies and procedures established by the company. Manages
policy, standard definition and monitoring of policy, standard
implementation, ensuring harmonization and consistency of risk
policies. Monitors and manages risk/exposure and compliance with
the company's policies. Identifies, manages and reports on the
company's risk areas. Evaluates the adequacy and effectiveness of
data, document retention, and monitors systems. Essential
Functions/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, Commercial Real Estate appraisal analysis,
understanding of market dynamics and ensuring internal and external
reporting is completed 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 recommendations. Collects financial information,
communicates 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.
Ensures compliance 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 accommodations 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 Years Commercial 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 verbal communication
skills Excellent critical thinking skills with the ability to be
adept in identifying and resolving complex 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 exact compensation
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 N.A.
Keywords: Santander Holdings USA Inc, Honolulu , Senior Associate - Commercial Real Estate/ Workout Officer (100% Remote), Accounting, Auditing , Honolulu, Hawaii
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