[Apply in 3 Minutes] Commercial Real Estate Underwriter/Portfolio Manager

Company: Santander Holdings USA Inc
Location: New York City
Posted on: July 18, 2025

Job Description:

Commercial Real Estate Underwriter/Portfolio Manager Country: United States of America Your Journey Starts Here: Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success. An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You! Essential Functions/Responsibilities: - Underwrites new and renewal business with top tier institutional quality clients including construction, bridge and term loans. - Analyzes quality and quantity of risks underwritten and prepares reports accordingly. - Administers and monitors underwriting policies and guidelines, risk rating requirements, laws and regulations. - Supports deal diligence process including identifying all key risks. - Oversees internal approval process including ensuring accurate and timely completion of internal approval write-ups and leading deal merit discussion on internal approval calls. - Reviews relevant deal documents / information and ongoing portfolio management initiatives to maintain quality of loan book and compliance with loan covenant requirements. 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 - Finance, Accounting, Management, Economics or equivalent field Work Experience: - 6 years of experience with underwriting CRE loan transactions. - 6 years of financial analysis, structuring, and portfolio management experience. - Completion of bank-certified course in Credit Training, preferred. - Able to assist RM's on how to structure the credit relationship. - Ability to foster strong partnerships with the related documentation and underwriting units. - Ability to work in a fast-paced environment with little supervision. - Ability to work well with others and on teams. - 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. - 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. - Must demonstrate strong judgment and sound credit skills. - Proficient in Microsoft Office, including Word, Excel and PowerPoint. - 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 analytical skills and proficient with financial statements. - Strong communication skills, and ability to influence others by persuasively presenting thoughts and ideas to gain commitment and agreement for proposed ideas and solutions. - Superior written and verbal communication skills. EEO Statements: At Santander, we value and respect differences in our workforce. 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. What Else You Need To Know: 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 Range Minimum: $97,500.00 USD Maximum: $160,000.00 USD Link to Santander Benefits: Santander Benefits - 2025 Santander OnGoing/NH eGuide (foleon.com) Risk Culture: We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management. EEO Statement: At Santander, we value and respect differences in our workforce. 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 is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required. 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 your employment at any time for any reason. What To Do Next: If this sounds like a role you are interested in, then please apply. We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs. Primary Location: New York, NY, Madison Ave Corp Other Locations: New York-New York Organization: Santander Bank N.A.

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