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Associate Credit Management

Company: Santander Holdings USA Inc
Location: Bayonne
Posted on: November 25, 2022

Job Description:

Associate Credit ManagementCountry: United States of AmericaWHAT YOU WILL BE DOINGThe Associate, Credit Management manages a portfolio of complex and/or high dollar banking loan relationships, and routinely monitors them for risks inherent in a business loan portfolio. S/he provides support to the manager of the department on continuous improvement initiatives and take the lead on projects that support loan growth and efficiency objectives within lines of business. The Associate, Underwriting & Portfolio Management helps deliver an industry-leading experience for both internal and external customers and acts as a subject matter expert.Reviews, analyzes and evaluates risks in order to renew existing business or generate new accounts. Determines appropriate terms and conditions for coverages and rates for program profitability. Contributes to the profitable growth of specific program(s) by maintaining pricing integrity, product excellence, and the development of meaningful performance metrics and controls.Underwrites risk (i.e., selection/rejection of new and renewal business). Analyzes quality and quantity of risks underwritten and prepares reports accordingly. Administers and monitors underwriting rules and guidelines, rating manual rules, laws and regulations. May review books of business as well as profit/growth results and trends to recommend and implement action plans.

  • Leads deal diligence process including identifying all key risks.
  • Reviews relevant deal documents / information provided in data room, by Company / Sponsor, and third party reports.
  • Helps to structure deals.
  • Oversees internal approval process including ensuring accurate and timely completion of internal approval write-ups and leading deal merit discussion on internal approval calls.
  • Manages legal aspect of deal process.
  • Mentors junior resources on underwriting best practices.Qualifications:
    • Bachelor's Degree or equivalent work experience in Finance, Accounting, Management, Economics or equivalent field.
    • Financial analysis, structuring, underwriting and portfolio management., 5+ years experience
    • Experience with underwriting loan transactions
    • Superior written and verbal communication skills
    • Strong analytical skills and proficient with financial statements
    • Ability to work in a fast paced environment with little supervision
    • Ability to work well with others and on teams
    • Proficient in Microsoft Office, including Word, Excel and PowerPoint
    • Skilled in proposing and negotiating and recommending credit and covenant structures
    • Comfortable in customer contact situations including escalations and potential work-out/loan restructure environments
    • Ability to foster strong partnerships with the related documentation and underwriting units
    • Demonstrated practical and conceptual knowledge of credit and risk analysis
    • Demonstrated knowledge in financial modeling and able to structure credit in modeling environment.
    • Able to assist RM's on how to structure the credit relationshipFor NYC Job Applicants: The base annual salary range for this position is $73,359-$152,375. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.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.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. English

      Primary Location: -New York, New York, United States of America
      Other Locations: -New York-New York
      Organization: -Banco Santander S.A.

Keywords: Santander Holdings USA Inc, Bayonne , Associate Credit Management, Executive , Bayonne, New Jersey

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