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Senior Associate - Commercial Real Estate/ Workout Officer (100% Remote) - Houston Texas
Company: Santander Holdings USA Inc Location: Houston, Texas
Posted On: 05/08/2024
Senior Associate - Commercial Real Estate/ Workout Officer (100% Remote)New York, United States of AmericaJob Function Description:Manages a portfolio of criticized and distressed commercial real estate loans, across multiple property types, with risk management and loss mitigation as primary objectives. - Minimizes potential losses to the Company by identifying areas of concern and/opportunities, and reports on potential and/or known issues and implements solutions in accordance with risk management objectives.Provides continuous monitoring of credit risks in the Portfolio and proposes action plans directed towards mitigation and resolving further potential deterioration in borrowers in the Portfolio. -Performs financial analysis on the commercial real estate collateral and related parties, reviews market conditions, and identifies the relevant risks that are appropriately mitigated. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions. -Ensures adherence to the policies and procedures established by the company. Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies. Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.Essential Functions/Responsibilities: - Devise strategies, negotiate and structure transactions as required in Workout, provided that the decisions are consistent with the overall obligor strategy and plan as approved.
- Develop Workout strategies including analysis of a borrower's repayment capacity, evaluation of the guarantor support, and continual assessment of collateral condition and value.
- Perform financial analysis, Commercial Real Estate appraisal analysis, understanding of market dynamics and ensuring internal and external reporting is completed as required.
- Prepare Workout credit proposals and reviews, ensuring appropriate risk ratings, accrual status, charge-offs, reserves, and strategies.
- Provide continuous monitoring of credit risks in the Portfolio and propose action plans directed towards mitigation and resolving further potential deterioration in borrowers in the Portfolio
- Collaborates with multiple internal and external parties associated with each loan, including legal, loan operations and the middle office.
- Facilitates the resolution of problem loans through improved credit quality or repayment, in a cost effective manner.
- Reviews adequacy of assigned risk ratings and provide support for risk rating upgrade and downgrade recommendations.
- Collects financial information, communicates with loan operations and middle office to ensure approved loans are booked, funded, and managed in a proper and timely manner.
- Reduces criticized and classified exposures in accordance with risk management objectives and corporate budgets.
- Ensures compliance with training, statutes, valuation and environmental policy.
- Analyzes severely delinquent and charged off accounts to identify possible problems, trends, and issues for feedback to credit and management.
- Mentors and coaches work of junior level workout professionals.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: Business, Accounting, Finance, Economics or equivalent field.Master's Degree: Business, Accounting, Finance, Economics or equivalent field, preferred.Work Experience:10+ Years Commercial Real Estate Workout experience or10+ years of CRE underwriting/portfolio management experienceSkills and Abilities:
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