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Analyst Real Estate Structured Finance Team for Europe

Santander is evolving from a global, high-impact brand into a technology-driven organization, and our people are at the heart of this journey. 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. Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

Santander Corporate & Investment Banking (Santander CIB) is Santander’s global division that supports some of the world’s most complex and sophisticated corporate and institutional clients, offering customized services and value-added wholesale products to best meet their needs.

The Difference You Make

SCIB is looking for an Analyst Real Estate Structured Finance Team for Europe based out of Madrid Office. Our Commercial Real Estate Structured Finance Team is the front office origination and execution team focuses on providing financing solutions across the commercial real estate spectrum, including offices, logistics, retail, hospitality and residential assets in Europe. By combining deep market insight with strong financial expertise, we help our clients optimize their capital structures and unlock value across their real asset portfolios.

As an Analyst, you will support the full lifecycle of commercial real estate financing transactions and collaborate closely with senior team members to analyze financing opportunities, structure debt, and coordinate with internal and external stakeholders to ensure the successful completion of details. This position offers a unique opportunity to develop expertise across structured lending products and real asset classes.

Candidates must possess an outstanding academic background, good written and verbal communication skills, strong financial modelling, demonstrate initiative, attention to detail, and have the judgment and confidence to work with internal and external stakeholders. The role requires strong analytical and quantitative skills, a solid understanding of real estate fundamentals and financing structures, and the ability to thrive in a fast-paced, deal-driven environment.

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:

• Underwrite and structure commercial real estate financing transactions: perform cash flow modelling, property and borrower analysis.
• Assist in preparing credit/loan applications, credit memos, term sheets, and investments memoranda for review by senior management or credit committees.
• Perform due diligence: coordinate third party reports (appraisals, environmental, technical), review legal/tax/regulatory/compliance issues.
• Help in deal execution: manage closing process, liaise with legal, brokers, borrowers, external advisors.
• Support origination: participate in sourcing new opportunities, preparing pitches/presentations, market research, and competitor/sector analysis.
• Coordinate with internal teams (risk, legal, compliance, middle and back office) and external shareholders (valuers, insurers, rating agencies) to ensure smooth transaction flow.
• Preparing financial analysis of scenarios, sensitivity tables, stress tests, and valuation.
• Help during deal syndication/capital markets/structuring for debt distribution if relevant.

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 organization. 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.

Professional Experience:

• 3+ years of experience in commercial real estate finance, structured finance, investment banking or a related credit or capital markets role (Required)

Education:

• Bachelor’s degree required, preferably in Finance, Accounting, Economics or Engineering (Required)

Languages:

• English and Spanish (Required)

Hard Skills:

• Strong financial modelling/quantitative skills; proficiency in Excel, cash flow/valuation modelling, scenarios/sensitivity analysis (Required)

Soft Skills:

• Good written and verbal communication; ability to prepare clear presentations, credit memos, pitchbooks (Required)
• Solid understanding the structures of real estate financing: loan facilities, mezzanine, preferred equity, securitization/CMBS/backleverage, debt covenants (Required)
• Attention to detail, ability to work under tight deadlines, multitasking, prioritization (Required)
• Teamwork skills: collaborating with senior colleagues, legal/credit/compliance etc. (Required)
• Commercial awareness: understanding of market conditions, real estate asset types, regulatory/tax/real estate law issues (Required)

We Value Your Impact

Your contribution matters, and it’s recognized. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver. But we know rewards go beyond numbers.

• We’re enable our teams to go beyond through global opportunities and broad career paths.
• Flexibility that works. Enjoy a hybrid working model—some days remote, some days onsite with your team—along with flexible hours.
• Learning for life. Access hundreds of courses on our platforms, including exclusive access to our global learning space: Santander Open Academy.
• Competitive rewards. Receive a highly competitive salary with performance-based bonuses, motivating you to keep growing with us.
• Financial advantages. Benefit from preferential banking terms, special interest rates on loans, life insurance, and more.
• Your health is our priority. Through BeHealthy, our global wellness programme, we promote holistic wellbeing.
• We know family is everything. That’s why we offer childcare support and family-friendly programs tailored to each life stage.
• Always by your side. Get access to Santander Contigo, our program for employees and their families offering legal, emotional, and administrative advisory services.
• Extra benefits. Gym/WellHub membership, medical centers in some of our facilities, meal subsidy, parking, shuttle service from various points in Madrid, as well as exclusive discounts and offers for Santander employees. And that’s only the beginning—we’ll tell you more when you join!

We’re here to keep you motivated, help you reach your goals, and celebrate your progress, every step of the way.

Local Compliance

Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion, or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.

What To Do Next

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

Ready to take the next step in your journey?