Executive Director, CRE Transaction Management and Underwriting

It Starts Here: Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer‑centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference. Difference You Make Santander Corporate & Investment Banking (SCIB) provides a comprehensive suite of financing, advisory, and banking solutions to corporate, financial sponsor, institutional investor, and commercial real estate clients globally. Within SCIB, Commercial Real Estate delivers integrated lending solutions to a diverse client base, including private equity sponsors, institutional investors, developers, REITs, and operating companies. Essential Duties and Responsibilities Lead the underwriting, structuring, and execution of CMBS conduit, SASB, Balance Sheet, and Warehouse loan transactions across a broad range of property types and markets throughout the US. Evaluate borrower submissions, property cash flows, sponsorship, market fundamentals, and third‑party due diligence to determine transaction viability and creditworthiness. Work with the team to structure loan proceeds, pricing, and terms consistent with Santander's risk appetite, credit standards, and profitability objectives. Prepare and present transaction recommendations to internal credit, investment, and approval committees. Serve as the primary execution lead throughout the transaction lifecycle, coordinating internal and external stakeholders to ensure timely and successful closings. Oversee due diligence efforts, including appraisal, engineering, environmental, insurance, legal, and market reviews, both internally and with third‑party vendor support relationships. Coordinate with investors, B‑piece buyers, rating agencies, legal counsel, Middle Office, and Operations teams to address transaction‑related diligence and closing requirements. Identify, assess, and mitigate transaction risks while balancing client needs, execution certainty, and portfolio objectives. Monitor active pipeline activity, closing forecasts, and transaction metrics to support business planning and production goals. Provide market intelligence and strategic insights regarding commercial real estate fundamentals, lending conditions, and competitive market dynamics. Act as a player‑coach by mentoring, training, and developing junior underwriting and execution professionals. Contribute to the development and enhancement of underwriting standards, execution processes, and risk management practices. Maintain current knowledge of commercial real estate market trends, CMBS activity, and industry developments. Qualifications Education Bachelor's Degree in Finance, Real Estate, Economics, Business Administration, or a related field required. Experience & Skills 10+ years of commercial real estate lending, CMBS, structured finance, or related experience. Significant experience underwriting and executing across CMBS conduit/SASB/Balance Sheet transactions. Strong understanding of CMBS securitization, rating agency methodologies, and institutional investor requirements. Advanced financial modeling, cash flow analysis, and commercial real estate credit underwriting skills. Demonstrated leadership experience managing deal teams and mentoring junior professionals. Proven ability to manage multiple complex transactions in a fast‑paced, deadline‑driven environment. Strong project management, organizational, and analytical capabilities. Excellent verbal and written communication skills with the ability to present complex credit matters to senior stakeholders. Proven ability to influence stakeholders and drive consensus across multiple business functions. Strong relationship management skills with both internal and external stakeholders. Preferred Qualifications Experience across multiple commercial real estate asset classes, including office, multifamily, industrial, retail, hospitality, and specialty sectors. Familiarity with loan securitization, warehouse financing, and institutional execution processes. Established reputation for sound credit judgment and transaction execution within the commercial real estate industry. 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 certification and location. Base Pay Range Minimum: $270,000.00 USD Maximum: $330,000.00 USD We Value Your Impact Your contribution matters and it’s recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck, our benefits are designed to support you, your family and your well‑being, now and into the future. Santander Benefits - 2026 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. #J-18808-Ljbffr