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Job Description
Community Development Finance Underwriter
New York, United States of America
WHAT YOU WILL BE DOING
Works in a variety of ways to advance the company’s interests and maintain and enhance the company’s reputation by educating and influencing external audiences/stakeholders (i.e., customers, media, government organizations, general public) to improve the environment in which the company and its businesses operates. Develops and implements strategies for influencing government policy and legislative direction to foster favorable legislative, regulatory, political, community and economic operating conditions for the company. Oversees community relations/corporate responsibility and consumer practices initiatives in order to help address social, economic, and environmental challenges and promote the company’s positive image.
Essential Functions/Responsibilities:
Leads the due diligence process on new investments and loans including conducting due diligence and financial analysis and working with credit professionals to produce summary memos for new investments and loans.
Develops and maintains relationships with community based organizations, public sector leaders and private sector organizations developing affordable housing and economic development projects.
Identifies, evaluates, structures and documents new investments and loans. Performs site visits to investment opportunities.
Works with credit, compliance, and internal and external auditors to ensure investments and loans are originated and managed within policy and applicable laws and regulations.
Qualifications: 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 or equivalent work experience
Work Experience: 5-9 years; Experience in similar role.
Skills and Abilities:
Extensive experience developing and structuring community development finance transactions including LIHTC, NMTC or CDFI lending and investment.
Excellent, sales, persuasion and negotiation skills required to represent the Company’s interests in negotiations.
Demonstrated ability to manage public/private partnerships including excellent project management skills, and the ability to build relationships across public, private and not-for-profit sectors.
In-depth knowledge of CRA and Fair Lending regulations required, including HMDA and ECOA.
Ability to communicate the organizational CRA strategies, goals, current needs and risk/reward appetite for community development loans and investments to market leadership and business unit managers.
Diversity & EEO Statements: 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.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.
Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
Primary Location: New York, New York, United States of America
Other Locations: New York-New York
Organization: Santander Bank N.A.
