Sr. Associate, Underwriting & Portfolio Management, Boston, MA
Company: Santander Holdings USA Inc
Location: Boston
Posted on: October 29, 2024
Job Description:
Sr. Associate, Underwriting & Portfolio Management, Boston,
MACountry: United States of AmericaUSA Job Family 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.USA Job
Function Description: 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/Responsibility Statements:
- Analyzes and make credit approve / decline / counteroffer
decisions for small business loan applicants
- Manages and services a portfolio of existing loan
relationships.
- Ensures financial statements are spread and analyzed,
addressing industry risks, monitoring collateral requirements, loan
structuring and pricing, credit analysis, monitoring credit
performance and assisting with loan presentations.
- Act as mentor and coach to our junior Underwriting & Portfolio
Management team members in all areas related to underwriting and
portfolio management including credit analysis and adherence to SBB
Credit Policy Standards,
- Comply with SBB Credit Policy Standard procedures to insure
excellence with Quality Control and Quality Assurance results
- Keeps informed of financial and market trends in the portfolio
and analyzes those trends for the effect they will have on the
portfolio.
- Assists in special projects as assigned.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. (Req)
- master's degree in finance, Accounting, Management, Economics
or equivalent field. (Pref)Work Experience:
- 5+ years in financial analysis, structuring, underwriting and
portfolio management., or relevant experience (Req)Skills and
Abilities:
- Confident, independent, commitment to quality work performed
"first time right"
- Comfortable in customer contact situations including
escalations and potential work-out/loan restructure
environments
- Demonstrated practical and conceptual knowledge of credit and
risk analysis
- Exhibits competency at independently reaching conclusions and
forms clear view of credit structure and business risk to
organization
- Solid understanding of industry nuances applicable to the
credits contained within the group's portfolio
- Solid knowledge of loan and related legal documents
- Strong communication skills, and ability to influence others by
persuasively presenting thoughts and ideas to gain commitment and
agreement for proposed ideas and solutions
- Must demonstrate strong judgment and sound credit skills
- Knowledge of Federal banking regulationsLocation - Boston, MA -
position is on-siteDiversity & 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: 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.The base pay range for this
position is posted below and represents the annualized salary
range. For hourly positions (non-exempt), the annual range is based
on a 40-hour work week. The exact compensation may vary based on
skills, experience, training, licensure and certifications and
location.Base Pay RangeMinimum:$107,250.00 USDMaximum:$176,000.00
USD
Primary Location: -Boston, MA, Boston
Other Locations: -Massachusetts-Boston
Organization: -Santander Bank N.A.
Keywords: Santander Holdings USA Inc, Barnstable Town , Sr. Associate, Underwriting & Portfolio Management, Boston, MA, Executive , Boston, Massachusetts
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