Senior Relationship Manager - Middle Market

Flagstar; Livonia (MI); On-site; USD 132,000 - 219,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

Comprehensive leave program

Job summary

Flagstar Bank is seeking a Senior Relationship Manager for the Middle Market to drive new business and manage major client relationships in the Southeast Michigan/Metro Detroit area. You'll work with product specialists and portfolio managers to structure and close complex loans while maintaining credit quality and profitability.

The role requires a proven lending track record, strong negotiation and leadership skills, and the ability to mentor junior managers.

Qualifications

• 10+ years of Commercial financing or equivalent lending experience.
• Established relationships and demonstrated direct origination track record with relevant companies.
• Expertise in negotiating, structuring, and closing complex loans.
• Proven ability to generate significant cross-sell revenues.
• Strong analytical and credit skills.
• Excellent interpersonal and verbal and written communication skills.
• Mentor less experienced Relationship Managers and Portfolio Managers as appropriate.

Responsibilities

• New Business Origination: developing and maintaining relationships to generate direct deal flow; coordinate the team approach to approving and closing new deals.
• Relationship Management: engage with sponsors and borrowers on ideas and opportunities to expand the relationship.
• Strategic Planning: partner with regional leadership to create a strategic plan and track goals and forecasts.
• Credit Quality: monitor credit quality and ensure timely financial statement gathering and compliance.
• Maintaining Knowledge: stay abreast of industry trends and market conditions.

Education

Bachelor’s degree

High School Diploma

Job description

Position Title
Senior Relationship Manager - Middle Market

Position Title
Senior Relationship Manager - Middle Market
Location
Troy, MI 48098
Job Summary
Responsible for new business development and relationship management targeted to middle market companies with sales of 30 million dollars or greater, targeting Southeast Michigan / Metro Detroit area. Generate revenue by developing and maintaining relationships with identified companies/sponsors/developers/managers, generating deal flow directly from these clients/prospects and orchestrating a team approach to the relationship. The position is supported by product specialists (capital markets, rates and FX derivatives, treasury management, etc.), portfolio managers (credit underwriting, transaction approvals/processing, portfolio management routines) and operational support specialists but remains accountable for all aspects of the relationship.

Job Responsibilities

• New Business Origination: Developing and maintaining relationships to generate direct deal flow; Coordinate the team approach to approving and closing new deals to grow assets and revenues while optimizing profitability (ROE).
• Relationship Management: Working with assigned portfolio managers, engage with sponsors and borrowers on idea generation and relevant opportunities to expand our relationship.
• Strategic Planning: Partnering with regional leadership to create a strategic plan for the Group and creating action plans to ensure the achievement of the plan including setting and tracking individualized goals for each team member in regards to production and revenue, and forecasting results for management based on existing pipelines.
• Credit Quality: Working with assigned portfolio managers, ensure pro-actively monitoring credit quality of portfolio through timely financial statement gathering, monitoring client’s compliance with ongoing required reporting, properly analyzing financial information and taking or recommending appropriate corrective actions based on acceptable levels. Ultimately responsible for managing the banks risk exposure to acceptable levels.
• Maintaining Knowledge: Staying abreast of industry trends and market conditions that could impact the Sponsor Coverage group as a whole and the assigned portfolio of relationships and borrowers.

Job Requirements

• High School Diploma or equivalent, required
• Bachelor’s degree, preferred
• Formal Credit Training preferred
• 10+ years of Commercial financing or equivalent lending experience
• Established relationships and demonstrated direct origination track record with relevant companies
• Expertise in negotiating, structuring, and closing complex loans
• Proven ability to generate significant cross-sell revenues
• Strong analytical and credit skills
• A high level of oral and written interpersonal and sales skills are necessary to compete effectively, present proposals to client and recommend loan transactions to bank senior management
• Expertise in due diligence, credit underwriting, and legal documentation
• Excellent interpersonal and verbal and written communication skills
• Excels in a team environment
• Mentor less experienced Relationship Managers and Portfolio Managers as appropriate
• Cross-sell banking services including treasury management, interest rate protection, and syndication products and capabilities (foreign exchange & commodity hedging is a plus)
• Recognize issues; early problem recognition, remedial management and appropriate coordination with workout is an important part of on-going portfolio management
• Keep management fully informed on all key factors of the bank, the portfolio, client relationships and the competitive environment
• Involved in industry-related associations, committees, and boards outside of the bank that provide marketing and community services for the Bank
• Adhere to all regulatory and compliance issues linked to the job and the team and understand how these issues help the bank achieve the vision of remaining an independent bank.
• Staff member is expected to consistently adhere to regulatory and compliance policies and standards linked to their job as listed. Staff member will not repeatedly act in a manner signifying intentional or willful noncompliance, nor exhibit gross negligence or a general disregard for compliance and regulatory standards. Staff member must ensure compliance with applicable federal, state and local laws and regulations. Staff member must complete all required compliance training on a timely basis. Staff member will maintain knowledge of and adhere to Flagstar’s internal compliance policies and procedures. Staff member must take responsibility to keep up to date with changing regulations and policies.

Flagstar is an Equal Opportunity Employer - Vets/Disabled
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. 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
Pay Range
$131,611.50 - $219,478.00