[Hiring] Commercial Real Estate Workout Officer @Santander

Role Description

We are seeking a highly experienced Commercial Real Estate Workout professional to manage and resolve a portfolio of distressed loans secured primarily by rent-regulated multifamily properties in New York City. This is a senior, high-visibility role designed for someone who has deep expertise navigating complex CRE restructurings, NYC rent regulation dynamics, and judicial foreclosure processes. The ideal candidate has successfully worked through multifamily workout scenarios in the NYC market and understands the legal, financial, and regulatory nuances unique to this asset class.

If you thrive navigating large portfolios, can negotiate or shadow sophisticated restructurings, and understand how to maximize recovery in regulated multifamily environments, this role is built for you.

Qualifications

• Bachelor’s degree in Finance, Real Estate, Accounting, or related field required.
• Minimum 5+ years of experience in commercial real estate workouts, including large portfolios, special assets, or credit risk management within a regulated financial institution.
• Proven experience reviewing and negotiating commercial loan documentation and complex legal structures.
• Background in underwriting and managing rent-regulated multifamily properties in New York City.
• Demonstrated ability to negotiate or shadow negotiations with institutional clients and structure loan modifications or settlements.
• Direct experience with judicial foreclosures, receiverships, and REO management.

Requirements

• Understanding of NYC rent regulation and multifamily market dynamics.
• Strong analytical, financial modeling, and valuation skills.
• Excellent written and verbal communication, negotiation, and presentation skills.
• Ability to interpret and apply internal policies, regulatory standards, and legal documentation.
• Proficiency with Word, PowerPoint, and loan servicing or risk management systems.
• Expert level Excel.

Benefits

• Base Pay Range: Minimum: $76,875.00 USD, Maximum: $135,000.00 USD.
• Fair and competitive rewards package that reflects the impact you create and the value you deliver.
• Benefits designed to support you, your family, and your well-being, now and into the future.