Senior Associate - Commercial Real Estate/ Workout Officer (100% Remote)
Company: Santander Holdings USA Inc
Location: Honolulu
Posted on: May 6, 2024
Job Description:
Senior Associate - Commercial Real Estate/ Workout Officer (100%
Remote)New York, United States of AmericaJob 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
or10+ years of CRE underwriting/portfolio management
experienceSkills 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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