Senior CRE Workout Lead – NYC Distressed Loans

Santander Consumer USA Inc.; City of Albany (NY); Hybride; USD 94 000 - 170 000; Plein temps

Résumé du poste

Santander Consumer USA Inc. is seeking a senior Commercial Real Estate Loan Workout professional to lead the resolution of distressed CRE loans secured by rent-regulated multifamily properties in New York City.

This role demands deep expertise in NYC rent regulation dynamics, judicial foreclosures, and sophisticated restructurings, with responsibility for underwriting, credit recommendations, and coordination with legal counsel to maximize recovery.

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

CRE workouts

Credit risk

Financial analysis

Negotiation

Stakeholder mgmt

Excel

Formation

Bachelor's degree

Master's degree

Outils

Word

PowerPoint

Loan servicing systems

Risk management systems

Excel

Description du poste

Santander Consumer USA Inc. is seeking a senior Commercial Real Estate Loan Workout professional to lead the resolution of distressed CRE loans secured by rent-regulated multifamily properties in New York City.

This role demands deep expertise in NYC rent regulation dynamics, judicial foreclosures, and sophisticated restructurings, with responsibility for underwriting, credit recommendations, and coordination with legal counsel to maximize recovery.