Commercial Real Estate Underwriter - Vice President

Santander

1d

About The Position

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference. If you are interested in exploring the possibilities We Want to Talk to You! Role Overview The VP, CRE Underwriter will support underwriting and end-to-end deal management for Commercial Real Estate transactions across CMBS, direct lending, and warehouse finance. The role partners primarily with internal stakeholders and assists senior leaders with underwriting analysis, execution materials, and coordination across workstreams.

Requirements

• 5+ years of real estate underwriting experience, with familiarity underwriting CRE loans and evaluating collateral and sponsor strength.
• Exposure to CMBS and or related CRE financing structures (direct lending and or warehouse finance).
• Strong analytical skills and attention to detail, with the ability to synthesize complex information into clear underwriting conclusions.
• Strong interpersonal skills and the ability to interact effectively with multiple internal stakeholders.
• Ability to manage multiple transactions simultaneously in a deadline-driven environment.

Responsibilities

• Underwrite CRE transactions across CMBS, direct lending, and warehouse finance, including sponsor, borrower, and collateral analysis.
• Support full deal management activities, coordinating key workstreams from initial screening through approval and execution.
• Prepare underwriting deliverables and internal approval materials, clearly documenting key risks, mitigants, and recommended terms.
• Review and synthesize diligence materials (financial statements, rent rolls, operating statements, and third-party reports as applicable) and escalate key findings.
• Partner with internal stakeholders (Originations, Credit, Capital Markets, Legal, Operations, and Asset Management as applicable) to align on timelines, information needs, and transaction requirements.
• Assist senior leaders with transaction analysis, presentation materials, and internal coordination to drive efficient execution.
• Maintain strong process discipline and documentation standards to support consistent underwriting quality and scalability.

What This Job Offers

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