Vice President, Credit Asset Management

IT STARTS HERE

SAI-RE is the Real Estate investment arm within Santander Alternative Investments (SAI). The platform manages 1.6bn across Real Estate Equity and Debt with 1.3bn deployed (c.1bn since 2023) across more than ten countries. The team comprises 50 professionals across London Madrid and New York with deep experience structuring underwriting and managing complex investments across Europe. Santander Alternative Investments is the Groups 10bn alternatives platform supported by over 4.4bn in co-investment from Santander Group. This includes private credit real assets infrastructure private equity and GP stakes. SAI forms part of Santander Asset Management (SAM) a 255bn global asset manager operating across 10 countries.

Our behaviours underpin everything we do; we think clients embrace change act now move together and speak up.

THE DIFFERENCE YOU MAKE

We have an exciting new opportunity for a Vice President Credit Asset Managementto join us in our London or Madrid Office. Reporting to the Head of Credit Asset Management you will support portfolio oversight loan servicer management reporting and platform build-out.

We are looking for a well-rounded credit asset management professional combining credit judgement practical execution portfolio monitoring workout and restructuring support third-party servicer oversight stakeholder engagement and comfort with databases and reporting tools needed to support effective asset management. The role would suit a self-starter with hands-on real estate private credit experience preferably including exposure to platforms where processes data reporting and controls have been built improved or institutionalised.

Were shaping the way we workthrough innovation cutting-edge technology collaboration and the freedom to explore new ideas. To succeed in this role you will be responsible for:

• Support credit asset management across mid-to-large ticket performing / high-yield private real estate credit and where relevant NPL / legacy exposures.

• Bring practical experience from platform development or improvement including asset management processes reporting templates data infrastructure controls and governance.

• Contribute to the build-out and maintenance of credit databases loan tapes dashboards and analysis tools used to track loan-level and portfolio-level performance.

• Help calculate and monitor key loan and portfolio metrics including LTV LTC DSCR debt yield interest cover arrears covenant compliance waivers amendments and concentration exposure.

• Assist with the assessment and management of underperforming loans including amendments waivers restructurings enforcement considerations and workout strategies where relevant.

• Coordinate directly with third-party loan servicers on loan administration borrower communications reporting data quality covenants and issue escalation.

• Prepare loan- and portfolio-level analysis for monthly / quarterly reporting management updates and materials.

• Help institutionalise operating procedures servicing frameworks reporting standards and governance across multiple investments and geographies.

WHAT YOULL BRING

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organisation. Were enabling teams to go beyond by valuing who they are and empowering what they bring.

The following requirements represent the knowledge skills and abilities essential for success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Institutional background in international real estate private credit credit asset management or credit investing ideally from a credit fund alternatives fund or real estate investment platform.

• Experience in a platform where processes data reporting controls and operating routines were designed improved or implemented.

• Practical understanding of real estate private credit including loan structures borrower performance collateral monitoring covenants amendments waivers restructurings defaults enforcement considerations and exits.

• Technical capability and aptitude to help build and maintain credit databases loan tapes portfolio trackers dashboards and reporting tools.

• Ability to calculate interpret and explain loan and portfolio metrics including LTV LTC DSCR debt yield interest cover covenant compliance arrears IRR / MOIC and portfolio concentration.

• Comfortable working directly with third-party loan servicers on data reconciliation reporting borrower updates covenant tracking servicing issues and escalation of underperformance or workout matters.

• Advanced Excel and financial modelling skills; experience with databases BI tools workflow automation or reporting systems is a plus.

• Proactive and execution-oriented with the ability to identify gaps bring structure and progress workstreams with appropriate guidance.

• Strong written and verbal communication skills including preparation of clear management materials and portfolio updates.

• Strong academic background; degree in finance economics real estate engineering business or a related field.

WE VALUE YOUR IMPACT

At SAI your contribution matters. We recognise the difference you make every day and we make sure you feel valued supported and rewarded in return. Here recognition goes beyond pay. Its about the pride you feel in your work the impact you make for our clients and the opportunities you have to grow and thrive personally and professionally.

How well reward you.

As well asacompetitive salary we offer a wide range of benefits that you can choose from and tailor to your needs.

• Eligible for a competitive discretionary performance-related annual bonus

• Hybrid ways of working providing flexibility to work from home 1 day per week (on average)

• We put 8% of salary into your pension even if you dont contribute yourself and up to 12.5% if you do.

• 30 days holiday plus bank holidays

• Free access to a range of digital health services including GP.

• Protection for you and your family with company-funded death-in-service benefit and income protection insurance and the option to take advantage of discounted rates for additional life assurance and critical illness cover.

• 24/7 access to an online employee discount platformincluding retailers entertainment eating out travel and more.

• Voluntary healthcare benefits for you and your family at discounted rates including dental insurance.

• Wellbeing that goes beyond work we work with a range of wellbeing partners across our 4 pillars of wellbeing (physical mental social and financial) to give you access to a suite of apps discounted gym and fitness access weekly online classes flexible healthcare and mental health support.

• Global growth opportunitiesto shape your career learn new skills and explore whats possible across our international network.

Ready to be recognised It starts with you.

OUR COMMITMENT

At SAI were proud to be an inclusive organisation that provides equal opportunities for everyone regardless of age gender disability civil status race religion or sexual orientation.

Were committed to creating a recruitment experience thats accessible fair and welcoming for all candidates.

We want our people to thrive at work and at home while delivering the best outcomes for our customers and supporting each other to grow.

To make this possible our roles are hybrid with flexibility to work from home one day a week on average. When applying please consider the commute to Marylebone.

Right to work in the UK

Every individual must have the right to work in the UK to commence employment with SAI either by way of nationality visa or work permit. If you do require a working visa / permit this will not influence our decision on whether to progress your application. However if you do not have a right to work or an application for a working visa / permit is unsuccessful SAI will not proceed with your application and will withdraw any conditional offer previously made.

WHAT TO DO NEXT

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

If theres anything we can do in the recruitment process to help you achieve your best get in touch. Whether its a copy of our application form in another format or additional assistance were available through email. You can contact us at.