Associate, Fund Finance, Credit Underwriting, Portfolio Management

Santander

Fund finance credit associate underwriting and managing Santander’s private capital lending portfolios. Executing transactions, monitoring risk, and mentoring analysts across the credit lifecycle.

Posted 9/10/2026full-timeMiami • Florida, New York • 🇺🇸 United StatesJuniorMid-Level💰 $86,250 - $135,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in financial analysis, credit underwriting, and portfolio management, with a strong ability to assess risks and develop credit recommendations. Proficient in financial modeling and project management, with a focus on collaboration across various departments.

Highest-signal resume keywords

Financial AnalysisCredit UnderwritingFinancial ModelingProject ManagementPortfolio Management

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Financial Statement AnalysisCredit Risk AssessmentLiquidity AnalysisStress TestingCovenant ComplianceBorrowing Base EvaluationRisk-Rating AssessmentDue Diligence ReviewAdvanced Microsoft ExcelCredit Training

Soft Skills

AccountabilityIntellectual CuriositySound JudgmentRelationship BuildingMentoring

Industry Keywords

Fund FinanceCommercial BankingInvestment BankingStructured FinancePrivate CreditAlternative InvestmentsNAV-Based LendingCredit-Intensive Financial ServicesCovenant BreachesCapital Markets

About the role

Key responsibilities & impact

Support underwriting and structuring of subscription lines, NAV, hybrid, EBL, and other fund finance transactions
Support new originations, refinancings, extensions, upsizes, and amendments
Prepare comprehensive credit approval packages, including borrowing base evaluation, liquidity analysis, financial modeling, stress testing, risk-rating assessment, and due diligence review
Develop and defend credit recommendations articulating risks, mitigants, structural protections, and alignment with Santander’s credit standards
Independently manage a portfolio of fund finance transactions
Own post-close credit monitoring, including covenant compliance, borrowing base performance, collateral quality, investor concentration, annual reviews, risk ratings, amendments, consents, waivers, and renewals
Identify and escalate emerging risks, covenant breaches, collateral deterioration, sponsor concerns, and material credit events
Monitor portfolio trends, performance metrics, concentration exposures, and emerging risks
Perform periodic and annual credit reviews of assigned exposures
Review analyst work for quality, accuracy, consistency, and adherence to underwriting standards
Mentor and develop junior team members
Participate in process improvement, technology implementation, data management, and regulatory-readiness initiatives
Partner with Product, Capital Markets, Legal, Independent Risk, Front Office, Operations, and senior management

Requirements

What you’ll need

Bachelor’s degree in Finance, Accounting, Economics, Business, Engineering, Mathematics, or a related analytical or quantitative discipline
Strong academic foundation in financial analysis, corporate finance, or accounting
2–6 years of experience in commercial banking, investment banking, leveraged finance, structured finance, fund finance, private credit, corporate banking, or other credit-intensive financial services roles
Strong project-management skills and ability to manage multiple transactions and competing deadlines
Demonstrated accountability, intellectual curiosity, and sound judgment in assessing risk
Strong financial statement analysis and credit underwriting skills
Advanced Microsoft Excel and financial modeling capabilities
Ability to build effective working relationships across Front Office, Risk, Legal, Operations, and senior management
Legally authorized to work in the United States on a full-time basis without requiring employer sponsorship
Exposure to subscription facilities, NAV-based lending, other fund-level financing structures, or ABL is a plus but not a requirement
Completion of bank-certified course in Credit Training is preferred
Exposure through coursework to alternative investments, private equity, real assets, or capital markets is viewed positively

Benefits

Comp & perks

Fair and competitive rewards package
Benefits designed to support employees, their families, and well-being
Inclusive and accessible application process
Reasonable accommodations for individuals with disabilities