Commercial Middle Market Underwriter & Portfolio Manager-Associate

Job Description:

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.

Essential Functions/Responsibilities:
Deal diligence process including identifying all key risks.
Reviews relevant deal documents / information provided in data room, by Company / Sponsor, and third party reports.

Spreads financial statements.
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.

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 in Finance, Accounting, Management, Economics or equivalent field.

Work Experience:
5+ years of financial analysis, structuring, underwriting and portfolio management experience, preferably with transactions to commercial middle market sized companies (annual revenue > $50M).

Skills and Abilities:

Proficiency with spreading and analyzing corporate financial statements.

Superior written and verbal communication skills.
Strong analytical skills.
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 relationship.

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.

This is a hybrid position which can be located in our NYC or Florham Park NJ offices.

For NYC Job Applicants: The base annual salary range for this position is $120,000-$150,000.  The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Primary Location: New York, NY, Madison Ave Corp

Other Locations: New York-New York,New Jersey-Florham Park,Massachusetts-Boston

Organization: Santander Bank N.A.