Vice President, Credit Asset Management

Vice President, Credit Asset Management

Country: United Kingdom

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 Group’s €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.

We’re shaping the way we work through 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 YOU’LL BRING

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organisation. We’re 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 loa