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Senior. Specialist, Commercial & Wholesale Operations

Company: Santander Holdings USA Inc
Location: Passaic
Posted on: August 7, 2022

Job Description:

Senior. Specialist, Commercial & Wholesale OperationsNew York, United States of AmericaWHAT YOU WILL BE DOINGThe primary function of the Senior Specialist, Commercial & Wholesale Operations is loan/letter of credit booking, funding, payments, and maintenance for the defined lines of business, or executing related controls, utilizing the systems and processes defined by management. The incumbent handles analytical components (i.e. interpreting credit agreements) related to various loan/fee accruals, calculations as well as ongoing/ad-hoc reconciliation and remediation, for commercial loan/letter of credit products, which include new loans, modifications, and extensions.USA Job Function Description:

  • Responsible for the day-to-day operations of the company's business units.
  • Aims to deliver superior service to clients by driving and optimizing the effectiveness and efficiency of people, processes, and technology thereby enhancing financial performance, increasing investment capacity, and managing risk.
  • Builds the sustainable repeatable capabilities that support the delivery of the highest standards of service and execution.
  • Analyzes and reviews data tools, business processes, and operational standards to execute service delivery.
  • Evaluates and will ensure that operations meet company objectives, business needs, service agreements, and relevant requirements.
  • Researches and monitors the external landscape to identify developments and translate them into operational implications for the company.Essential Functions / Responsibility Statements:
    • Processes transactions involving booking and servicing commercial loans and letters of credit.
    • Researches and will respond to incoming commercial loan requests received from business areas supported by the department.
    • Researches payment history, loan balances, and associated documentation including loan notes, forbearance agreements, and modifications.
    • Performs dollar transactions, collateral setup and maintenance, GL balancing, and quality review.
    • Creates and analyzes error reports, researching the payments log, and incoming wire transfer payments
    • Ensures proper documentation is filed appropriately and is available for internal and external audits.
    • Identifies and resolves problems within established guidelines.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 in Business or equivalent degree. (Required)Work Experience:Working knowledge in Company's documentation and banking operations., 3-5 years (Required)Skills and Abilities:
      • Requires excellent communication, good organizational skills, and attention to details
      • Solid knowledge/skills of Microsoft Office Suite and various bank systems
      • Ability to adapt quickly and be a team player
      • Working knowledge in Commercial Banking
      • Ability to meet deadlines
      • Strong knowledge of the Syndicated and Commercial Loan products and markets
      • Demonstrated knowledge of other banking products and the ability to apply that information to this role
      • Expert knowledge of overall lending policies and procedures, credit analysis, underwriting, structuring, etc.
      • Excellent organizational, management, communication, and customer service skills
      • Solid judgment within broadly defined policies and practicesDiversity & 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.
        • Occasionally moving and lifting equipment and furniture are required to support onsite and offsite meeting setup and teardown.
        • Physically capable of lifting up to fifty pounds, able to bend, kneel, and 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 on 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. Bachelor of Science (BS) English 3 to 5 years of relevant work experience

            Primary Location: New York, New York, United States of America
            Other Locations: New York-New York
            Organization: Santander Bank N.A.

Keywords: Santander Holdings USA Inc, Passaic , Senior. Specialist, Commercial & Wholesale Operations, Other , Passaic, New Jersey

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