Distressed Loan Workout Specialist

Flagstar Bank; Hicksville Township (OH); On-site; USD 68,000 - 107,000; Full time

Job summary

Flagstar Bank in Hicksville, NY seeks a Special Assets Analyst to support day-to-day management of distressed commercial real estate/multifamily loans and C&I loans. You will assist with reporting, litigation matters, and compliance with lending regulations.

The role involves re-underwriting credits, developing financial models, monitoring workout strategies, and preparing detailed credit memos while collaborating with internal and external stakeholders.

Qualifications

• Education level required: Undergraduate Degree in Business Administration, Finance, or related field.
• Minimum 4+ years within the Loan Workout/Special Assets field, preferably at an OCC regulated institution.
• Familiarity with various loan databases is preferred.

Responsibilities

• Conduct market research and analysis to assist remediation of distressed loans.
• Re-underwrite actionable credits focusing on borrower liquidity and cash flow.
• Develop and update financial models to evaluate restructuring or recovery options.
• Support workout strategy development and monitoring.
• Prepare timely credit memos with financial analysis and risk evaluations.
• Interact with borrowers, advisors, and internal/external counsel.

Skills

Loan analysis

Financial analysis

Verbal and written communication

Organizational skills

Relationship building

Education

Undergraduate degree in Business/Finance

Tools

Word

Excel

Job description

Flagstar Bank in Hicksville, NY seeks a Special Assets Analyst to support day-to-day management of distressed commercial real estate/multifamily loans and C&I loans. You will assist with reporting, litigation matters, and compliance with lending regulations.

The role involves re-underwriting credits, developing financial models, monitoring workout strategies, and preparing detailed credit memos while collaborating with internal and external stakeholders.