Multifamily Commercial Real Estate Portfolio Management

About the role

The Multifamily CRE Portfolio Management Associate supports the preservation and maintenance of affordable multifamily housing, servicing assets according to agreements, and enhancing credit structures. This role plays a crucial part in driving a customer-centric transformation within Santander.

Job Responsibilities

• Conduct borrower outreach to update loan information
• Prepare initial drafts of annual loan reviews including financial analysis and qualitative factors
• Run Lexis Nexis searches on Borrowing Entities, Sponsors, and Tenants
• Cook up and review appraisal reports
• Coordinate internally for insurance compliance
• Complete due diligence checklists on modification requests
• Perform daily data pulls from internal databases to keep trackers updated
• Maintain master pipeline and track team progress and open deliverables
• Manage weekly reporting on delinquencies and upcoming maturities and rate resets
• Process loan payments, including wires and automatic payments
• Update loan portfolio management system and related databases
• Monitor team email inboxes and trackers
• Monthly mailing of maturity letters
• Prepare initial drafts of internal presentations, including market research
• Build strong working relationships with Santander support teams
• Maintain updated and working knowledge of loan policies and procedures

Qualifications

• Bachelor’s Degree in Real Estate, Finance, Accounting, Management, Economics or related field
• 3+ years of related work experience in CRE portfolio management or CRE underwriting
• Strong quantitative reasoning and writing skills
• Organized, detail-oriented, and self-sufficient
• Manage time and multiple tasks efficiently
• Define problems, collect data, establish facts, and draw valid conclusions
• Maintain accurate Excel files, electronic files, and database systems
• Educate yourself on loan policies and procedures

What You Bring

• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
• Effective presentation of information and response to questions
• Excellent verbal, written, and interpersonal communication skills
• Collaborative team member

What Else You Need To Know

• Base pay range: $80,625.00 USD - $125,000.00 USD
• This is a hybrid position (2 days/week in office)