Santander Bank, NA Credit Officer - Asset Based Lending in Florham Park, New Jersey

Credit Officer - Asset Based Lending - 1803365

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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.

Summary

Responsible for evaluating and making decisions on renewals, modifications and new deals ensuring quality and soundness for credit transactions. Manages approval and commitment process (e.g. Committees) ensuring compliance with Credit Policy and accuracy of documents and supporting exhibits. Works with Regional Managers and clients negotiating and communicating final deal structure and terms. Continuously monitors and proactively manages risk/exposure and compliance with Credit Policy for assigned portfolio. Frequently visits clients and reviews client performance and financials. Also provides guidance and mentoring to Credit Analysts and Credit Officers.Responsible for evaluating financial performance of borrower and based on a variety of factors determining an appropriate risk rating. Responsible for making decisions or recommendations on renewals, modifications, etc. Works with Relationship Manager and clients.

Duties & Responsibilities

  • Frequent client interaction and visits performed independently, partnered with Senior and Executive level Corporate Banking Sales

  • May identify cross sell opportunities

  • Authenticates all post loan closing activities, including conditions precedent to closing, are accurate and complete

  • Continuously monitors and frequently visits clients providing an independent review of credit quality, client risk/exposure, risk ratings, compliance with Credit Policy and compliance with terms and conditions of legal agreement for assigned portfolio

  • Identifies early client risk/exposure, early detection of volatile industries and markets for assigned portfolio within designated region

  • Responsible for the quality, integrity and soundness of all financial analysis, underwriting and credit approval processes for an assigned portfolio

  • Serves as primary liaison for client prospects; interacts in-person and via phone with existing customers, potential customers and Corporate Banking Sales teams on a routine basis

  • Authorizes decisions in areas of credit transactions, risk ratings and extensions of credit within limits of individual authority and makes recommendations on others Credit Policy

  • Communicates final deal structure, pricing, terms and conditions to client and Sales team maintaining integrity of formal Committee Approvals

  • Manages approval process ensuring accuracy of approval documents memorandum (SAM), supplemental exhibits and underwriting is compliant with current Credit Policy standards and practices

  • Negotiates terms and conditions of Credit with Relationship Managers

  • Proactively manages credit risk and exposure for an assigned portfolio; initiates credit modifications and risk upgrading/downgrading, modifying terms and frequency of covenants, financial reporting, collateral security, audit schedule; initiates trans

  • Responsible for formal credit review processes such as Monitoring as well as Credit File reviews, Audits, Compliance Reviews etc and on an on-going basis reviews for accuracy and completeness all formal loan documentation, comments and updates

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

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Qualifications

  • Current, hands-on experience underwriting ABL transactions in the commercial middle market industry is absolutely mandatory

  • Bachelor's Degree in Business, Accounting, Finance, Economics or equivalent experience

  • 7+ years of experience as a Credit Officer, Loan Workout /Review Officer, or other related position

  • Ability to interact with all levels of management, work within a team environment and work independently

  • Ability to work with large databases and datasets for extraction and conversion into useful business information

  • Excellent technical and analytical skills

  • Excellent written/verbal communication and interpersonal skills

  • Expert knowledge of Microsoft Office, particularly Excel

  • Strong negotiation and presentation skills

  • Strong organizational and administrative skills

  • Ability to multi-task

  • Thorough knowledge of financial statements, accounting principles, Credit Policy, applicable laws and industry data sources.

Job : Commercial Risk Support
Primary Location : New Jersey-Florham Park

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Organization : Commercial Banking (4700)
Schedule : Full-time
Job Posting : Oct 12, 2018, 2:26:49 AM

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