Skip to main content

This site functions best with JavaScript enabled

Job Opportunity

ABL Underwriter

ABL Underwriter-1905032

Description

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 manages a portfolio of complex and/or high dollar ABL banking loan relationships, and routinely monitors them for risks inherent in a business loan portfolio. S/he provides support to the manager of the department on continuous improvement initiatives and take the lead on projects that support loan growth and efficiency objectives within lines of business. Will deliver an industry-leading experience for both internal and external customers and acts as a subject matter expert.

Duties & Responsibilities:

  • Underwrites and structures ABL deals
  • Leads deal diligence process including identifying all key risks
  • Manages legal aspect of deal process
  • 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 provided in data room, by Company / Sponsor, and third party reports

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.

Qualifications

  • Current, hands-on experience underwriting ABL transactions in the commercial middle market vertical is mandatory
  • Bachelor's Degree or equivalent work experience - Finance, Accounting, Management, Economics or equivalent field
  • 5+ years of relevant experience - financial analysis, structuring, underwriting and portfolio management
  • Completion of bank-certified course in Credit Training preferred
  • 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
  • Able to assist Relationship Managers 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
  • 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

Job

:Underwriting

Primary Location

:New Jersey-Florham Park-200 Park Avenue - 06400 - Florham Park

Other Locations

:New York-New York-45 East 53rd Street - 06547 - NY Corp

Organization

:Commercial Banking (4700)

Schedule

:Full-time

Job Posting

:Oct 16, 2019, 2:54:52 PM

AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO

Featured Jobs

View All of Our Available Opportunities

Your Jobs

You currently have no jobs saved.

Get the Scoop

Keep your finger firmly on the pulse. Sign up, and we'll make sure you know about all the newest Santander roles as they become available.

Select Your InterestsSelect a job category from the list of options. Search for a location and select one from the list of suggestions. Finally, click “Add” to create your job alert.

  • Underwriting, Borough of Florham Park, New Jersey, United StatesRemove
  • Underwriting, New York, New York, United StatesRemove
  • Santander Bank or NYB/SIS Employees, Borough of Florham Park, New Jersey, United StatesRemove
  • Santander Bank or NYB/SIS Employees, New York, New York, United StatesRemove