Santander Bank, N.A. · 2 days ago
Community Development Finance Underwriter
New York, NY
Full-time
Onsite
Mid, Senior Level
$71K/yr - $122K/yr
3+ years expSantander Bank, N.A. is a global leader in the financial services industry, committed to employee growth and development. The Community Development Finance Underwriter is responsible for underwriting community development equity investments and loans, managing complex commercial accounts, and ensuring compliance with applicable laws and regulations.
BankingFinanceFinancial Services
Responsibilities
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
Qualification
Required
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
Preferred
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education
Experience in Microsoft Office products
Company
Santander Bank, N.A.
At Santander Bank, it’s our mission to help people and businesses prosper.
5001-10000 employees
H1B Sponsorship
Santander Bank, N.A. has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (44)
2024 (36)
2023 (61)
2022 (66)
2021 (78)
2020 (69)
Funding
Current Stage
Late StageTotal Funding
$75MKey Investors
Wind Turbine & Energy Cables
2020-01-22Debt Financing· $75M
Leadership Team
Pierre Habis
Chief Consumer & Digital Transformation Officer
Recent News
CEE Legal Matters
2025-12-22
The Philadelphia Inquirer
2025-12-06
Crain's New York Business
2025-11-18
Company data provided by crunchbase