Fund Finance Analyst Country: 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. 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. Santander Corporate & Investment Banking (Santander CIB) is looking for a Fund Finance Analyst based in Madrid. As a Fund Finance Analyst, you will support senior team members in analysing, structuring and executing subscription line facilities, net asset value (NAV)-based financing and asset-based lending (ABL) transactions for private capital clients, including private credit, private equity and infrastructure funds, from origination to closing. Build and interpret financial and cash flow models, including downside sensitivities, and prepare credit papers and supporting materials for internal approval, under the guidance of senior team members. Support due diligence on fund structures, investors, uncalled capital commitments and fund documentation, as well as portfolio assets, cash flows and leverage for NAV and ABL transactions.



Support the negotiation of financing documentation, coordinate NDAs and preliminary documentation with Legal, and assist with conditions precedent and internal processes through transaction closing. Prepare marketing materials, pitches and client analyses to support origination with fund managers and relationship teams. Maintain transaction pipelines and internal reporting, coordinate with relationship teams, and support portfolio monitoring, including borrowing base and covenant reviews. Work alongside Risk, Legal, Capital and Markets to support transaction structuring and the assessment of pricing, profitability and capital usage within Santander CIB's framework. Solid grounding in financial analysis, credit fundamentals and capital structures (required); familiarity with fund structures and financing documentation is a plus, with product-specific knowledge developed on the job. Previous experience, including internships, in Fund Finance, Structured Finance, credit analysis, M&A;, Private Equity, or related investment banking, fund or advisory roles (preferred). Postgraduate studies, such as an MSc in Finance or MBA (will be considered a plus) Fluent English, written and spoken (required). Fluent Spanish, written and spoken (highly valued).



Advanced Excel skills and the ability to prepare clear, accurate presentations in PowerPoint (required). Sound understanding of financial accounting and financial statements (required); Ability to build and interpret financial and cash flow analyses in Excel (required); prior exposure to Fund Finance models is a plus. We're enable our teams to go beyond through global opportunities and broad career paths. Enjoy a hybrid working models—some days remote, some days onsite with your team—along with versátil hours. Access hundreds of courses on our platforms, including exclusive access to our global learning space: Receive a highly competitive salary with performance-based bonuses, motivating you to keep growing with us. Benefit from preferential banking terms, special interest rates on loans, life insurance, and more. Through BeHealthy, our global wellness programme, we promote Holistic wellbeing. That's why

we offer
childcare support and family‐friendly programmes tailored to each life stage. Get access to Santander Contigo, our program for employees and their families offering legal, emotional, and administrative advisory services. Extra benefits. LOCAL COMPLIANCE Santander is evolving from a global, high-impact brand into a technology-driven organization, and our people are at the heart of this journey. This is more than a strategic shift. 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.

📌 Financial Services Commercial Analyst (Ceuta)
🏢 Banco Santander
📍 Ceuta