Remote Senior CRE Workout Specialist

Banco Santander SA; Northern (KY); Hybride; USD 94 000 - 170 000; Plein temps

Résumé du poste

Santander is seeking a Senior Associate, Commercial Workout Officer to lead distressed CRE loan workouts and coordinate with internal and external counsel. You will manage portfolios secured by rent-regulated multifamily properties and navigate NYC regulatory and foreclosure processes, delivering recoveries and timely credit actions.

Ideal candidates bring 9+ years in CRE workouts, deep loan documentation knowledge, strong analytical and negotiating skills, and proficiency with Excel, Word, and

Qualifications

• 9+ years of experience in commercial real estate workouts, including special servicing / special assets, or credit risk management within a regulated financial institution.
• Experience in commercial real estate lending, credit underwriting, loan workouts, restructuring, asset management, special assets, or related areas.
• Deep understanding in commercial loan documentation, mezzanine financing and related intercreditor agreements.
• Extensive experience in analyzing property financial statements.
• Strong analytical, negotiation, communication, and relationship management skills.

Responsabilités

• Manage a portfolio of distressed CRE loans, monitoring collateral performance, borrower financial condition, guarantor support, and covenant compliance.
• Evaluate property operations, rent rolls, financial statements, market conditions, and capital needs to identify risks and opportunities.
• Develop and execute loan resolution strategies, including modifications, restructurings, forbearances, and other workout solutions.
• Perform underwriting, financial modeling, collateral valuation, and risk analysis to support credit recommendations and recovery strategies.
• Prepare credit memoranda, action plans, and presentations for management and credit committee approval.
• Review, interpret, and negotiate commercial loan documentation, including loan agreements, mortgages, guarantees, intercreditor agreements, and workout-related documentation.
• Partner with internal and external legal counsel to ensure documentation accuracy and compliance with applicable policies and regulations.
• Identify legal, structural, and collateral-related issues that may impact loan recovery or enforceability.
• Lead or support negotiations with borrowers, sponsors, investors, legal representatives, and other stakeholders to achieve effective workout outcomes.
• Oversee judicial foreclosure proceedings and coordinate with legal counsel throughout the process.
• Manage REO assets following foreclosure, including stabilization efforts, valuation analysis, asset management, and disposition activities.
• Maintain effective communication with borrowers, internal management and partners throughout the workout lifecycle.

Connaissances

Analytical thinking

Negotiation

Communication

Relationship management

Leadership

Formation

Bachelor's Degree: Finance/Real Estate/Accounting or related field

Master's Degree: Finance/Real Estate or related field

Outils

Excel

Word

PowerPoint

Loan servicing systems

Risk management systems

Description du poste

Santander is seeking a Senior Associate, Commercial Workout Officer to lead distressed CRE loan workouts and coordinate with internal and external counsel. You will manage portfolios secured by rent-regulated multifamily properties and navigate NYC regulatory and foreclosure processes, delivering recoveries and timely credit actions.

Ideal candidates bring 9+ years in CRE workouts, deep loan documentation knowledge, strong analytical and negotiating skills, and proficiency with Excel, Word, and