What are the responsibilities and job description for the Commercial Real Estate Workout Senior Associate - Remote NJ, NY or CT position at Santander Holdings USA Inc?
Senior Associate, Workout
Trenton, United States of America
The Commercial Real Estate Workout Senior Associate
- Leverages subject matter expertise for collection and work out situations and activities to significantly improve existing processes and facilitates the resolution of problems loans, proactively minimizing potential losses to the Company.
- Manages accounts of advanced complexity and leads special workout projects and / or programs.
- 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.
- Manages accounts of advanced complexity, in accordance with risk management objectives and corporate budgets.
- Manages loan workout process expenses and division and corporate expense targets.
- Reduces criticized and classified exposures in accordance with risk management objectives and corporate budgets.
- Performs analysis of credit submittals regarding transactions and or financial strengths to ascertain if borrowers qualify for financing restructures.
- Proactively manages troubled loan relationships.
- Monitors portfolios and quality assurance in compliance with corporate policy.
- Ensures compliance with training, statutes, valuation and environmental policy.
- Facilitates the resolution of problems loans, proactively minimizing potential losses to the Company.
- Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.
- Analyzes severely delinquent and charged off accounts to identify possible problems, trends, and issues for feedback to credit and management.
- Prospects, solicits, and develops relationship-based clients on behalf of the Company.
- Processes charged-off financings including litigation, asset discovery and fraud investigations.
- Mentors and coaches work of junior level workout professionals.
- Communicates recommendations and credit risk management processes to management that strengthens the organization and enhances overall supervision of lending methods and provides tools to continually measure effectiveness.
Education :
Work Experience :
Qualifications :
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.
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 exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Primary Location : Trenton, NJ, Trenton
Other Locations : New Jersey-Trenton,New York-Albany
Organization : Santander Holdings USA, Inc.
Salary : $90,000 - $165,000 / year
Salary : $90,000 - $165,000
