Sr. Analyst, Workout – Reading, PA

Sr. Analyst, Workout – 2002959

The Sr. Analyst, Workout reviews, analyzes, underwrites, or researches workout cases and/or materials for the team, to help achieve objectives. S/he manages troubled commercial loan relationships and facilitates the resolutions of problem loans through improved credit quality or repayment, in a cost-effective manner, minimizing potential losses to the Company.

  • Analyzes financial information and prepares the preliminary analysis for the lender.

  • Assists with timely follow up on documentation, processing, reporting, and forecasting.

  • Ensures compliance to legal, regulatory, and workout credit policy in terms of loan documentation, credit approval, and transactions.

  • Ensures compliance with all regulatory training and statutes.

  • Evaluates quality of loans and the assigned risk ratings indicating borrower’s financial strength and probability of repayment.

  • Facilitates the resolution of problem loans through improved credit quality or repayment.

  • Performs reviews of the Company’s commercial loans to ensure compliance with established policies and standards.

  • Prepares various written reporting including presentations, annual reviews, credit file comments and classified asset reports as needed in accordance with the Company’s policies and procedures.

  • Provides strong support in meeting team and corporate initiatives, completing special projects and data integrity scrubs as needed.

  • Recommends approval and administers workout programs for problem accounts., Recommends opportunities and proposes resolutions for improved efficiency, effectiveness, and/or risk reduction for the department.

  • Researches background documentation and reviews personal and business financial statements and tax returns.

  • Reviews documentation to ensure the completeness of the file and that all collateral has been secured properly.

  • Serves as the primary liaison between the Customer, Workout Officer, and Operations.

At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply.

  • Bachelor’s Degree; Business Accounting, Finance, Economics or equivalent field or equivalent work experience required.

  • 3-5 years; Loan Systems/Loan Analyst experience within Financial Services industry.

  • Ability to build and foster internal relationships.

  • Ability to effectively and clearly communicate instructions to others, summarize and articulate issues, and document findings in a clear and concise manner.

  • Ability to interpret, analyze and apply data/information.

  • Ability to stay abreast of industry best practices, procedures, and techniques.

  • Ability to work independently as well as collaboratively within a team environment.

  • Strong MS Office (Excel, PowerPoint, Word, Visio, and Outlook) skills.

  • Strong organizational and time management skills.

  • Strong quantitative capabilities and analytical skills, including an investigative mindset.

  • Strong verbal and written communication skills.

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

  • Minimal physical effort such as sitting, standing, and walking.

  • Communicates in a timely and straightforward manner.

  • Probes for additional information, clarifies assumptions and confirms agreed-upon actions.

  • Keeps everyone involved informed about progress and issues,

  • Communicates the importance and benefits of risk management to counterparts.

  • Displays natural skepticism and curiosity to question the status quo and uncover issues.

  • Adheres to a good root cause analysis process.

  • Creates a good working environment in the team; works towards shared goals contributing ideas and accepting change Provides assistance and coaches less experienced team members.

  • Executes risk management process and procedures without management direction and demonstrates awareness of expected results.

  • Knows the relationship and impact of actions and results.

  • Has an understanding of regulations impacting area supported.

  • Follows through to meet commitments to others Takes responsibility for achieving strong results, despite balancing multiple complex demands,

  • Knows who to reach out to inside and outside of one’s team to get work done.

  • Takes action to enhance working relationships needed to achieve seamless workflow.

  • Stays current with industry and regulatory trends and emerging risk issues.

  • Has good understanding of current market and competitive landscape that the organization operates within.

  • Uses information and data effectively to support a position and present a rational case

: Risk Management

: Pennsylvania-Reading-450 Penn Street – 06346 – Santander Plaza

: CRO (8855)

: Full-time

: Sep 17, 2020, 8:13:45 PM

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