Associate, Portfolio Management Community Development / CRE

Santander • Jericho, NY

4d • $101,250 - $165,000

About The Position

Santander is hiring a portfolio management professional to manage credit account relationships and oversee credit risk, retention, and growth for an assigned portfolio. The role includes underwriting, leading loan approval discussions, coordinating loan documentation, and closing loans for new and existing customers. It works with clients to address credit needs, provide appropriate credit products and services, and identify cross-selling opportunities while delivering timely, prudent credit execution.

The position is responsible for high-quality underwriting and portfolio management, including evaluating risks and mitigants, assigning justified risk grades, completing renewals and reviews, and working collaboratively with Risk Management. It also supports Santander’s risk culture and ensures portfolio and transaction materials comply with company and federal requirements. The role requires a related bachelor’s degree or equivalent demonstrated through work experience, training, military service, or education, and at least nine years of experience in credit structuring, underwriting, and cross-selling.

Requirements

• Bachelor’s degree in a related field, or equivalent demonstrated through a combination of work experience, training, military service, or education.
• At least 9 years of experience in credit structuring, underwriting, and cross-selling.
• Strong analytical skills and proficiency with financial statement modeling.
• Strong credit skills and ability to evaluate the strengths and weaknesses of a wide variety of credits.
• Ability to produce high-quality underwriting documents with concise, well-reasoned analysis under tight time constraints.
• Ability to work independently and proactively address the needs of an assigned portfolio.
• Excellent interpersonal, team-building, and communication skills.
• Thorough understanding of regulations governing financial products and services.
• Proficiency with Microsoft Office.
• Legal authorization to work in the United States on a full-time basis without employer sponsorship to commence employment.

Nice To Haves

• Formal credit training program.
• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Responsibilities

• Manage an assigned portfolio of credit account relationships, including credit risk management, retention, and expansion.
• Generate growth in net interest income and loan-related fee revenue within the assigned portfolio.
• Maintain client satisfaction through periodic meetings, responding to credit questions, offering appropriate products and services, and identifying cross-sell opportunities and referrals.
• Complete underwriting and portfolio management requirements prudently, accurately, and on time.
• Negotiate credit terms with clients, underwrite loan requests, lead deal-screen and loan-approval discussions, and close approved credit transactions.
• Coordinate engagement of counsel and preparation of legal documentation for loans to existing and new customers.
• Produce high-quality underwriting documents for new and incremental business.
• Identify and analyze risks and mitigating factors, note policy or procedure variances, and assign accurate risk grades with appropriate justification.
• Complete renewals, annual reviews, and interim analyses on time.
• Collaborate with Risk Management on underwriting and credit approval matters.
• Conduct business in compliance with laws, regulations, internal policies, and guidelines; proactively identify, communicate, and address issues warranting attention.
• Meet Credit Risk Review, Audit, and OCC requirements for acceptable reviews.
• Ensure the portfolio, deal-screen memoranda, term sheets, and underwriting documents meet company and federal compliance requirements.

Benefits

• Santander describes its rewards package as including benefits designed to support employees, their families, and well-being, but specific benefits are not listed in the posting.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior