Vice President, Credit Portfolio Management – Renewable Energy Development Finance

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.

If you are interested in exploring the possibilities We Want to Talk to You!

The Vice President is a senior credit professional within the Credit Portfolio Management function, responsible for underwriting, structuring, and managing a portfolio of development facilities supporting energy and infrastructure developers. The portfolio includes lending across the development lifecycle, from pre-Notice to Proceed (pre-NTP) through post-NTP construction and stabilization.

Transactions may be structured in either of two ways: (i) financing provided directly to a developer platform and supported by its development pipeline, related development rights, and other eligible collateral; and/or (ii) financing provided directly to a ring-fenced project entity and supported by the assets and cash flows of that specific project. Developer-level facilities will typically finance pre-NTP activities, while post-NTP financing will typically be provided at the project level.

The successful candidate will evaluate the applicable developer-level or project-level repayment sources, collateral coverage, development milestones, funding controls, and structural protections.

The Vice President will serve as a primary credit owner from initial underwriting through ongoing portfolio management, partnering closely with Origination, Coverage, product teams, Risk, Legal, Technical and other diligence functions. The role requires hands-on analytical capability, sound credit judgment, disciplined execution, and the ability to identify and escalation emerging risks across a dynamic development portfolio.

• Lead the underwriting, structuring, and approval of new development facilities, project-level loans, amendments, extensions, upsizes, refinancings, and annual or interim reviews.
• Assess developer strategy, management capability, liquidity, capitalization, execution track record, and the quality and diversity of the underlying project pipeline.
• Evaluate transactions across pre- and post-NTP stages, including development, permitting, interconnection, offtake, construction, funding, and monetization risks.
• Analyze collateral eligibility, borrowing-base mechanics, advance rates, concentration limits, milestone-based funding conditions, cash controls, and other structural protections.
• Develop concise credit recommendations that clearly articulate repayment sources, key risks, mitigants, downside cases, and conditions to approval.
• Serve as a primary credit owner accountable for analytical integrity and completeness throughout the deal lifecycle.

• Build, review, and challenge developer-level and project-level financial models, including base, downside, sensitivity, liquidity, collateral coverage, and covenant cases.
• Evaluate projected development expenditures, project monetization proceeds, construction funding needs, interest carry, and repayment timing.
• Assess pipeline value using appropriate probability weightings, milestone assumptions, project concentrations, and timing sensitivities.
• Translate commercial, technical, contractual, and execution risks into financial and credit outcomes.
• Coach junior team members on modeling, diligence, and credit analysis.

• Manage assigned exposures after closing, including covenant compliance, borrowing-base and collateral reporting, milestone achievement, draw requests, annual and interim reviews, amendments, waivers, and rating actions.
• Monitor developer liquidity, project-pipeline progression, permitting, interconnection, offtake, construction, budget, schedule, and monetization…