Special Assets Analyst

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

Position Title

Special Assets Analyst

Location

Hicksville, NY 11801

Job Summary

The Special Assets Analyst supports the Special Assets team with day-to-day management of distressed commercial real estate/multifamily loans, and/or C&I Loans and assists with reporting and litigation matters. Collaborates/works with Special Assets Team Leads and Officers while supporting efforts to preserve principal and prevent charge-offs. Maintains compliance with policy, procedure and lending regulations.

Job Responsibilities:

JOB RESPONSIBILITIES

• Conducts market research and analysis to assist Special Assets Officers and Special Assets Team Leads in the remediation of classified commercial real estate/multifamily loans, and/or C&I Loans.
• Re-underwrite actionable credits with emphasis on borrower liquidity and cash flow sustainability, primary drivers of underperformance, corrective actions, and prospects for recovery
• Develop, maintain, and update financial models and analyses to evaluate restructuring, loan modification, or other recovery alternatives.
• Supports Special Assets Officers and Special Assets Team Leads in the development, execution, and monitoring of workout strategies.
• Acts as a liaison when needed for internal/external stakeholders.
• Prepare timely detailed credit approval memos, including financial analysis, relationship overview, cash flow analysis, collateral assessments, and risk evaluations.
• Reviews internal loan bookings and collateral positions.
• Maintains team files and records.
• Interact with borrowers, advisors, and internal bank/outside counsel.

ADDITIONALACCOUNTABILITIES

• Performs special projects, andadditionalduties and responsibilities asrequired.

• Consistently adheresto regulatory and compliance policies and standards linked to the job as listedand complete required compliance trainings.Accountable tomaintaincompliance with applicable federal,stateand local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

• Education levelrequired:Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field.

• Minimum experiencerequired:4+ Yearswithin the Loan Workout/Special Assets field, preferably at an OCC regulated institution.

Preferred Qualifications:

• Familiarity with various loan databases

Job Competencies:

• Excellent knowledge of and ability to interpret loan documentation.
• Computer literate with proficiency in Word and Excel.
• Excellent verbal and written communication skills.
• Excellent organizational skills with ability to multitask.
• Detail oriented and ability to prioritize workload in a fast paced environment.
• Ability to work independently while also collaborating effectively in a team environment.
• Strong financial analysis skills.
• Demonstrates a strong ability to build and maintain effective relationships with 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 orsupportsa positive work culture and productive work environment, displayingimportanceof effective relationships with customers and stakeholders.
• Physical demands (ADA):No unusual physical exertion is involved.

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.

Pay Range

$67,758.75 - $106,505.00