Portfolio Manager I (Asset Based Finance)

Flagstar Bank; New York (NY); On-site; USD 86,000 - 133,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

Paid time off

Job summary

Flagstar Bank is seeking an experienced Portfolio Manager I to manage a portfolio of asset-based credit facilities in New York, focusing on credit reviews, collateral validation, and covenant management. The role interfaces with clients, banks, and internal teams to structure and monitor facilities while ensuring regulatory compliance.

The position requires 4+ years in asset-based lending, a related degree, and strong analytical and communication skills to drive informed credit decisions and

Qualifications

• 4+ years in Asset Based Lending
• Bachelor's degree preferred in Accounting, Finance, Economics

Responsibilities

• Process quarterly and annual credit reviews for senior management and 2LOD.
• Process modification approvals for waivers, amendments, renewals and extensions.
• Validate borrowing base availability and collateral.
• Approve funding requests and Stucky.
• Spread financial information.
• Engage field examiner and appraisers; provide guidance to scope of exam, review reports.
• Uses independent judgement and discretion to make ABL credit decisions and recommendations.
• May be responsible for talent management functions including staff development/training of Credit Analysts.
• Performs special projects, and additional duties and responsibilities as required.
• Adhere to regulatory and compliance trainings.
• Accountable to maintain compliance with applicable laws and regulations.

Skills

Asset Based Lending

Written Communication

Analytical skills

Relationship building

Team collaboration

Regulatory/compliance knowledge

Education

Bachelor's degree preferred in Accounting, Finance, Economics

Tools

Moody's Spread System

Job description

Title and Location

Position Title Portfolio Manager I (Asset Based Finance)

Location New York, NY 10018

Job Summary

The Portfolio Manager I manages a portfolio of direct and indirect asset-based credit facilities (typically 10-12 accounts) and provides back-up on other Portfolio Manager's accounts. Spread financial information, assess and validate financial and collateral trends, and calculate financial covenants. Responsible for preparing periodic credit reviews and processing modification approvals for waivers, amendments, renewals and extensions, negotiate pricing and fees, and review loan documents. Interact directly with client or agent banks and represent Flagstar Bank.

Job Responsibilities

• Process quarterly and annual credit reviews for senior management and 2LOD.
• Process modification approvals for waivers, amendments, renewals and extensions.
• Validate borrowing base availability and collateral.
• Approve funding requests and Stucky.
• Spread financial information.
• Engage field examiner and appraisers; provide guidance to scope of exam, review reports.
• Uses independent judgement and discretion to make ABL credit decisions and recommendations.
• May be responsible for talent management functions including: staff development/training of Credit Analysts.
• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.
• Accountable to maintain compliance with applicable federal, state and local laws and regulations.

Required Qualifications

• Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent, Bachelor’s degree preferred in Accounting, Finance, Economics.
• Minimum experience required: 4+ Years in Asset Based Lending

Preferred Qualifications

• Education level preferred: Undergraduate Degree (4 years or equivalent) in Accounting, Finance, Economics or equivalent work experience if applicable
• Bank Credit Training or Field Exam experience

Job Competencies

• Asset Based Lending.
• Moody’s Risk Analyst Spread System or similar spreading tools.
• Requires strong written communication and analytical skills.
• Ability to evaluate financial and collateral trends.
• Ability to communicate effectively with prospects, intermediaries and other internal and external stakeholders.
• Demonstrates a strong ability to build and maintain effective relationships with internal stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights.
• Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
• Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
• Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.

Travel

Travel requirements, 3-4 trips within the US per year.

Physical Demands

Physical demands (ADA): No unusual physical exertion is involved.

Equal Opportunity Employer

Flagstar is an Equal Opportunity Employer We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment.

Equal Opportunity Employer For more Information: EEOC_KnowYourRights Member FDIC/Equal Housing Lender

Pay Range

Pay Range $85,787.25 - $132,967.00

Benefits

• Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program.

About Us

Flagstar Bank, N.A. is based in Hicksville, NY, and at December 31, 2025, had $87.5 billion in assets, $60.7 billion in loans, $66 billion in deposits, and $8.1 billion in total stockholder equity. We are a leading regional bank with approximately 340 locations, and strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast. We are driven by our commitment to partner with our clients to set and reach goals together, helping them to take charge and thrive. Our focus is on four core lines of business that include Personal, Private, Small Business and Corporate & Commercial Banking.

Flagstar Bank is committed to ensuring that you can successfully engage in our recruiting process.