VP, Middle Market Portfolio & Credit Leadership

Santander Consumer USA Inc.; New Haven (CT); On-site; USD 101,000 - 165,000; Full time

Job summary

Santander Consumer USA Inc. seeks a Vice President of Portfolio Management to support underwriting new commercial loans and ongoing portfolio management for middle market clients.

You will conduct due diligence, analyze borrower financials, and prepare memos for credit committee while coordinating with relationship managers and senior stakeholders. Responsibilities include modeling cash flows, presenting to committees, and ensuring covenant compliance and loan closings.

Qualifications

• 5+ years experience in credit structuring and underwriting.
• Strong analytical skills and proficiency with financial statement modeling.
• Strong credit skills with the capacity to evaluate strength and weakness of a wide variety of credits.
• Formal credit training program preferred.
• Ability to produce high quality underwriting documents with concise, well-reasoned analysis under tight time constraints.
• Ability to work independently and proactively address the needs of assigned portfolio.
• Excellent interpersonal, team building and communication skills.
• Thorough understanding of regulations governing financial products and services.
• Proficient with Microsoft office

Responsibilities

• Lead underwriting due diligence and partner with relationship managers and junior deal team members to produce deal screen and underwriting documents.
• Interface with clients and other stakeholders to facilitate underwriting process.
• Detail debt financings and company financials utilizing Excel and Sageworks.
• Perform sensitivity analysis and modeling of projected cash flows.
• Draft approval document narrative, thoroughly identify all risks and mitigating factors, document variances to policy/procedures, and assign accurate risk grade.
• Responsible for presenting underwriting memos to credit committee.
• Support legal documentation drafting and negotiations.
• Facilitate loan closing process with commercial loan operations.
• Review, spread, and maintain periodic financial statements, compliance certificates and borrowing base reports.
• Engage with borrowers' CFOs (or similar position) to get qualitative updates on performance.
• Listen to annual or other interim lender update calls and ask questions, when appropriate.
• Ensure the timely completion of renewals, annual reviews, and interim analyses.
• Ensure borrower is assigned an appropriate risk rating.
• Present internal portfolio review memos to senior credit executives at periodic meetings.
• Execute all amendments/waivers for existing borrowers.
• Maintain ticklers, covenants, and borrower credit files.
• Maintain customer information and data integrity on bank systems.
• Ensure compliance with all regulations, policies, and procedures.

Skills

Credit analysis

Underwriting

Financial modeling

Regulatory knowledge

MS Office

Interpersonal skills

Independent work

Communication skills

Attention to detail

Education

Bachelor’s degree in related field

Tools

Sageworks

Excel

Job description

Santander Consumer USA Inc. seeks a Vice President of Portfolio Management to support underwriting new commercial loans and ongoing portfolio management for middle market clients.

You will conduct due diligence, analyze borrower financials, and prepare memos for credit committee while coordinating with relationship managers and senior stakeholders. Responsibilities include modeling cash flows, presenting to committees, and ensuring covenant compliance and loan closings.