Job Description

Job Description

Community Development Finance Underwriter

Country: United States of America

Your Journey Starts Here:

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.

An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make:
The Community Development Finance Underwriter is responsible for underwriting community development equity investments and loans for the Company's Community Reinvestment Act (CRA) Program. Will manage complex commercial accounts that meet the Company's community development investment and loan requirements and maximizes profitability while minimizing risk. Will be the primary credit contact for new, complex community development transactions including Low-Income Housing Tax Credit (LIHTC), New Market Tax Credit and Small Business Investment Company investments, Community Development Financial Institution (CDFI) loans and LIHTC lending.

• 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.
• Monitors transactions within assigned portfolios, in partnership with Finance, portfolio management and underwriting, and takes action as appropriate.
• Ensures own work is in compliance with applicable laws, regulations and guidelines, as detailed in policies located on the Company Intranet; policies include but are not limited to Fair Lending, Know Your Customer, Bank Secrecy Act and other applicable anti-money-laundering policies.
• Ensures documentation complies with internal policies and procedures and facilitates management and regulatory reporting.
• Participates in preparing, interpreting and communicating periodic self-assessments of the Company's Community Development Finance portfolio.

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.

• 3-5+ Years experience in affordable housing, economic development or other community development origination, underwriting or portfolio management.
• Extensive experience developing and structuring community development finance transactions including LIHTC, NMTC or CDFI lending and investment.
• Bachelor's Degree or equivalent work experience: Finance, Business, Political Science or other equivalent field - Required.

• 3-5+ Years experience in similar role.
• 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.

Certifications:

• No Certifications listed for this job.

It Would Be Nice For You To Have:

• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
• Experience in Microsoft Office products.

What Else You Need To Know :

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range

Minimum:

$71,250.00 USD

Maximum:

$122,500.00 USD

Link to Santander Benefits:

Santander Benefits - 2025 Santander OnGoing/NH eGuide (foleon.com)

Risk Culture:

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement:

At Santander, we value and respect differences in our workforce. 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 is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

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 your employment at any time for any reason.

What To Do Next :

If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.

Primary Location:  New York, NY, Madison Ave Corp

Other Locations:  New York-New York

Organization:  Santander Bank N.A.

Job Tags

Hourly pay, Contract work, Work experience placement, Work at office,

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