Flagstar Financial & Leasing - Managing Underwriter, VP

None; Hicksville (NY); On-site; USD 117,000 - 194,000; Full time

Job summary

A leading company in financial services seeks a Managing Underwriter, VP, responsible for underwriting and risk assessment of commercial lease and loan transactions. Ideal candidates will have extensive experience in credit analysis and mentoring, alongside a necessary undergraduate degree, to support the firm's commitment to excellence in financial services.

Benefits

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

Comprehensive leave program

Qualifications

• Minimum 8-10 years foundational experience.
• Prior credit authority and experience managing underwriting process preferred.

Responsibilities

• Preparation of Credit Offering Memoranda and risk assessment.
• Mentors junior underwriting staff and reviews complex transactions.
• Reviews compliance with Bank and FFL policies.

Skills

Credit analysis

Financial statement analysis

High proficiency in analyzing financial statements

Education

Undergraduate Degree (4 years or equivalent)

Tools

Moody’s Risk Analyst/CreditLens Software

Job description

Position Title

Flagstar Financial & Leasing - Managing Underwriter, VP

Location

Hicksville, NY 11801

Job Summary

Responsible for underwriting and risk assessment of commercial lease and loan transactions by preparing underwriting analysis and transactions, and approve transactions within assigned credit authority

Pay Range: $117,185 - $155,270 - $193,355Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

• Preparation of comprehensive Credit Offering Memoranda covering key aspects of financial and credit risk elements, obligor credit profile, etc., including determination of dual risk rating. May prepare annual reviews. Communicates with internal or external sources to request specific information required for analysis
• Has and uses credit authority, including reviewing and approving junior level credit actions as permitted with Flagstar Financial & Leasing Equipment Policy. Will be final approver for those transactions within respective credit authority
• Mentors and assists junior underwriting staff, as appropriate
• Reviewing transaction terms and conditions of exposures that are generally in excess of $5MM and can range to upwards of $50MM; are larger or more complex in their nature Reviewing the strength and experience of new and existing obligors
• Preparing financial statement spreads in CreditLens and reviewing the adequacy of supporting financial information and the need to obtain additional and/or more current financial data
• Make recommendations to an equal or senior level underwriting position for final disposition of transactions outside of credit authority Reviewing compliance with Bank and FFL policies
• Reviewing key financial results, ratios and transaction structure elements including the adequacy of the debt service coverage and loan to value Identifying any of other missing information or inquiries for credit decisioning
• Directs and oversees underwriters workflow and assignments to ensure timely turnaround and use of personnel
• Assist with departmental duties as directed by their supervisor
• May manage business line underwriting group, as may be assigned, including recruiting, training, compliance, etc.

Required Qualifications:

• Education level required: Undergraduate Degree (4 years or equivalent) with a concentration in Accounting and/or Finance preferred
• Minimum 8-10 years foundational experience
• Credit analysis and financial statement analysis experience required.
• Prior credit authority
• Prior experience approving credits and managing the underwriting process of junior staff preferred
• High proficiency in analyzing financial statements, cash flow and financial ratio analysis required
• Moody’s Risk Analyst/CreditLens Software a plus

Flagstar is an Equal Opportunity Employer

Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable.