Senior Workout Officer - Remote

About this role

Senior Workout Officer - RemoteCountry: United States of America It Starts Here: Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference. If you are interested in exploring the possibilities We Want to Talk to You! The Difference You Make: Ideal Candidate – Experience: 5+ years of Workout Portfolio Management and/or Underwriting SBA loan Multifamily Properties, esp. NY Presentation Skills 9+ Years in Financial Industry The Senior Associate, Workout leverages his or her subject matter expertise for collection and work out situations and activities to significantly improve existing processes and facilitates the resolution of problems loans, proactively minimizing potential losses to the Company. The incumbent manages accounts of advanced complexity and leads special workout projects and/or programs. Manages accounts of advanced complexity, in accordance with risk management objectives and corporate budgets. Manages loan workout process expenses and division and corporate expense targets. Reduces criticized and classified exposures in accordance with risk management objectives and corporate budgets. Performs analysis of credit submittals regarding transactions and / or financial strengths to ascertain if borrowers qualify for financing restructures. Proactively manages troubled loan relationships. Monitors portfolios and quality assurance in compliance with corporate policy. Ensures compliance with training, statutes, valuation and environmental policy. Facilitates the resolution of problems loans, proactively minimizing potential losses to the Company. Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes. Analyzes severely delinquent and charged off accounts to identify possible problems, trends, and issues for feedback to credit and management. Prospects, solicits, and develops relationship-based clients on behalf of the Company. Processes charged-off financings including litigation, asset discovery and fraud investigations. Mentors and coaches work of junior level workout professionals. Leads special workout projects, programs, and other related workout activities. Communicates recommendations and credit risk management processes to management that strengthens the organization and enhances overall supervision of lending methods and provides tools to continually measure effectiveness. What You Bring: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education: Bachelor’s Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Required Master's Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Preferred Qualifications: 9+ Years Workout or Collections experience. - Required. 9+ Years Financial Services Industry. - Required. Advanced knowledge of collection and workout best practices, identification, resolution and implementation. . Demonstrated experience facilitating change to achieve measurable results. . Detail orientated with the ability to also understand overall strategy. Excellent interpersonal, supervisory, and customer service skills required. Excellent written and verbal communication skill

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