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ABL Underwriter & Portfolio Manager

Company: Santander Holdings USA Inc
Location: Demarest
Posted on: May 26, 2023

Job Description:

ABL Underwriter & Portfolio Manager

Boston, United States of America


Santander's Commercial Banking Division is an active provider of capital, treasury management and risk management solutions to thousands of small and mid-sized companies in the northeast and across the country. We also have expertise and provide service to specific industry sectors including real estate, asset based lending, energy, education, health care and government. Our clients rely on the strength of Santander's balance sheet and the degree to which our relationship managers understand their businesses in order to develop the most relevant and compelling solutions. In addition, Santander's significant international presence in regions around the world uniquely positions us to help companies grow their business, both near and far.


The ABL Underwriter & Portfolio Manager focuses on underwriting, structuring, servicing and documenting new and renewal credits. In addition, s/he is responsible for identifying, gathering and analyzing relevant information to assess credit risk, establish viability of sources of repayment and determine appropriate loan structures. Acts as lead underwriter in collaboration with bankers in preparing credit approval memos with recommendations consistent with bank policy that illustrate well-reasoned analysis. This role performs servicing reviews and supports management of the assigned portfolio to identify and minimize risk to the organization. Provides quality customer service, including participation in joint calls on customers, as needed.

This position will be hybrid (part in-office/part remote) in terms of location.

Duties & Responsibilities

  • Underwrites and manages ABL middle market credits
  • 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
  • Expands and builds relationships with a high degree of resultant customer satisfaction
  • Handles reporting on loans such as past dues, documentation and collateral exceptions, financial performance updates, portfolio profitability, risk grades, etc.
  • Keeps informed of financial and market trends in the portfolio and analyzes those trends for the effect they will have on the portfolio
  • Manages and services a portfolio of existing loan relationships Qualifications
    • Bachelor's Degree or equivalent work experience - Finance, Accounting, Management, Economics or equivalent field. Master's Degree - Finance, Accounting, Management, Economics or equivalent field
    • 9-12 years of hands-on financial analysis, structuring, underwriting and portfolio management focused on ABL middle market credits (MUST be well-versed in underwriting ABL deals)
    • Completion of bank-certified course in Credit Training preferred
    • Comfortable in customer contact situations including escalations and potential work-out/loan restructure environments
    • 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
    • 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
    • Knowledge of Federal banking regulations
    • Must demonstrate strong judgment and sound credit skills
    • Proficiency with computer systems
    • Skilled in proposing and negotiating and recommending credit and covenant structures
    • Solid knowledge of loan and related legal documents
    • Solid understanding of industry nuances applicable to the credits contained within the group's portfolio
    • Strong communication skills, and ability to influence others by persuasively presenting thoughts and ideas to gain commitment and agreement for proposed ideas and solutions 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.






      Primary Location: Boston, MA, Boston

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

      Organization: Santander Bank N.A.

Keywords: Santander Holdings USA Inc, Tenafly , ABL Underwriter & Portfolio Manager, Accounting, Auditing , Demarest, New Jersey

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