Fund Finance Analyst

Banco Santander SA; España; Hybrid; EUR 60,000 - 90,000; Full time

Benefits offered by this job

Hybrid working model (remote days)

BeHealthy wellness program

Childcare support

Meal subsidy

Gym/WellHub membership

Shuttle service Madrid

Job summary

Santander Corporate & Investment Banking (Santander CIB) seeks a Fund Finance Analyst based in Madrid to support subscription line facilities, NAV-based financing and ABL transactions for private capital clients. You will engage in the full transaction lifecycle, from origination to closing, with exposure to international fund managers and cross-functional teams.

Ideal candidates have strong financial modeling skills, experience in fund finance, and fluency in English, with Spanish proficiency

Qualifications

• Solid grounding in financial analysis, credit fundamentals and capital structures.
• Experience in Fund Finance, Structured Finance, credit analysis, M&A, Private Equity or related roles preferred.
• Degree in Business Administration, Economics, Engineering or related discipline; Postgraduate studies are a plus.

Responsibilities

• Build and interpret financial and cash flow models and prepare credit papers for internal approval.
• Support due diligence on fund structures, investors, uncalled capital commitments and fund documents.
• Assist in negotiating financing documentation and coordinating with Legal; assist with conditions precedents.
• Prepare marketing materials, pitches and client analyses to support origination with fund managers.
• Maintain transaction pipelines and internal reporting; support portfolio monitoring and covenant reviews.
• Collaborate with Risk, Legal, Capital and Markets to assess pricing, profitability and capital usage.

Skills

Fluent English

Fluent Spanish

Advanced Excel

PowerPoint

Financial analysis

Education

Bachelor's or Master’s in Business Administration/Economics/Engineering

MSc in Finance or MBA (plus)

Tools

Excel

Job description

Fund Finance Analyst Country: Spain IT STARTS HERE

Santander (www.santander.com)

is evolving from a global, high-impact brand into a technology-driven organization, and our people are at the heart of this journey. Together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference. Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

THE DIFFERENCE YOU MAKE

Santander Corporate & Investment Banking (Santander CIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customized services and value-added wholesale products to best meet their needs.

Santander Corporate & Investment Banking (Santander CIB) is looking for a Fund Finance Analyst based in Madrid. As a Fund Finance Analyst, you will support senior team members in analysing, structuring and executing subscription line facilities, net asset value (NAV)-based financing and asset-based lending (ABL) transactions for private capital clients, including private credit, private equity and infrastructure funds, from origination to closing. The role offers exposure to international fund managers and hands-on learning across the transaction lifecycle. We’re shaping the way we work through innovation, cutting-edge technology, collaboration and the freedom to explore new ideas.

To succeed in this role

• Build and interpret financial and cash flow models, including downside sensitivities, and prepare credit papers and supporting materials for internal approval, under the guidance of senior team members.
• Support due diligence on fund structures, investors, uncalled capital commitments and fund documentation, as well as portfolio assets, cash flows and leverage for NAV and ABL transactions.
• Support the negotiation of financing documentation, coordinate NDAs and preliminary documentation with Legal, and assist with conditions precedent and internal processes through transaction closing.
• Prepare marketing materials, pitches and client analyses to support origination with fund managers and relationship teams.
• Maintain transaction pipelines and internal reporting, coordinate with relationship teams, and support portfolio monitoring, including borrowing base and covenant reviews.
• Work alongside Risk, Legal, Capital and Markets to support transaction structuring and the assessment of pricing, profitability and capital usage within Santander CIB's framework.

WHAT YOU’LL BRING

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organization. We’re enabling teams to go beyond by valuing who they are and empowering what they bring. The following requirements represent the knowledge, skills, and abilities essential for success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Professional Experience

• Solid grounding in financial analysis, credit fundamentals and capital structures (required); familiarity with fund structures and financing documentation is a plus, with product-specific knowledge developed on the job.
• Previous experience, including internships, in Fund Finance, Structured Finance, credit analysis, M&A, Private Equity, or related investment banking, fund or advisory roles (preferred).

Education

• Degree in Business Administration, Economics, Engineering, or a related discipline (required)
• Postgraduate studies, such as an MSc in Finance or MBA (will be considered a plus)

Languages

• Fluent English, written and spoken (required).
• Fluent Spanish, written and spoken (highly valued).
• Other languages (preferred).

Hard Skills

• Advanced Excel skills and the ability to prepare clear, accurate presentations in PowerPoint (required).
• Sound understanding of financial accounting and financial statements (required); familiarity with relevant regulatory frameworks is a plus.
• Ability to build and interpret financial and cash flow analyses in Excel (required); prior exposure to Fund Finance models is a plus.

Soft Skills

• Strong problem-solving skills, attention to detail and a proactive mindset.
• Strong analytical skills, sound judgement and the ability to manage competing priorities.
• Clear written and verbal communication, teamwork and the ability to coordinate with internal and external stakeholders.

WE VALUE YOUR IMPACT

Your contribution matters, and it’s recognized. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver. But we know rewards go beyond numbers. We’re enable our teams to go beyond through global opportunities and broad career paths. Flexibility that works. Enjoy a hybrid working models—some days remote, some days onsite with your team—along with flexible hours. Learning for life. Access hundreds of courses on our platforms, including exclusive access to our global learning space: Santander Open Academy (www.santanderopenacademy.com) Competitive rewards. Receive a highly competitive salary with performance-based bonuses, motivating you to keep growing with us. Financial advantages. Benefit from preferential banking terms, special interest rates on loans, life insurance, and more. Your health is our priority. Through BeHealthy, our global wellness programme, we promote Holistic wellbeing. We know family is everything. That’s why we offer childcare support and family‑friendly programmes tailored to each life stage. Always by your side. Get access to Santander Contigo, our program for employees and their families offering legal, emotional, and administrative advisory services. Extra benefits. Gym/WellHub membership, medical centers in some of our facilities, meal subsidy, parking, shuttle service from various points in Madrid, as well as exclusive discounts and offers for Santander employees. And that’s only the beginning—we’ll tell you more when you join! We’re here to keep you motivated, help you reach your goals, and celebrate your progress, every step of the way.

LOCAL COMPLIANCE

Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.

The Santander Way

Santander is evolving from a global, high-impact brand into a technology-driven organization, and our people are at the heart of this journey. Together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference. Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management. Ready to make it happen? It starts with you. It starts here.