Underwriting Officer Senior-Flagstar Financial & Leasing

Flagstar Bank; United States; Remote; USD 84,000 - 113,000; Full time

Job summary

Flagstar Bank is seeking a Senior Underwriting Officer responsible for the underwriting and risk assessment of commercial lease and loan transactions. The ideal candidate will have a strong background in credit analysis and financial statement evaluation, with the ability to make critical decisions within credit authority. This position requires excellent analytical skills and the capability to mentor junior staff, maintaining adherence to regulatory compliance.

Qualifications

• 5+ years of underwriting experience with prior credit authority preferred.
• High proficiency in financial statements and cash flow analysis required.
• Strong written and verbal communication skills.

Responsibilities

• Prepare Credit Offering Memoranda and analyze financial risk elements.
• Review financial results and determine debt service coverage adequacy.
• Mentor junior underwriting staff and ensure compliance with Bank policies.

Skills

Financial statement analysis

Credit analysis

Analytical skills

Attention to detail

Team development

Written communication

Verbal communication

Education

Undergraduate Degree in Accounting or Finance

Tools

Moody’s Risk Analyst/CreditLens Software

MS Office

Job description

Position Title

Underwriting Officer Senior-Flagstar Financial & Leasing

Location

Hicksville, NY 11801

Job Summary

The Senior Underwriting Officer is 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: $84,878 - $112,463 - $140,049 Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

• Prepares of comprehensive Credit Offering Memoranda covering key aspects of financial and credit risk elements, obligor credit profile, etc., including determination of dual risk rating. Communicates with internal or external sources to request specific information required for analysis, as directed by the Managing Underwriter.
• Has and uses credit authority, including reviewing and approving junior level credit actions as permitted with Bank’s Equipment Policy.
• Reviews key financial results, ratios and transaction structure elements including the adequacy of the debt service coverage and loan to value. Identifies any of other missing information or inquiries for credit decisioning.
• Reviews compliance with Bank policies.
• Prepares financial statement spreads and reviews the adequacy of supporting financial information and the need to obtain additional and/or more current financial data.
• Makes recommendations to an equal or senior level underwriting position for final disposition of transactions outside of credit authority.
• Reviews transaction terms and conditions of exposures generally up to $10,000,000. Reviews the strength and experience of new and existing obligors.
• Mentors and assists junior underwriting staff, as appropriate.

ADDITIONAL ACCOUNTABILITIES

• 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: Undergraduate Degree (4 years or equivalent) with a concentration in Accounting and/or Finance preferred
• Minimum experience required: 5+ Years of underwriting with prior credit authority preferred.
• Credit analysis and financial statement analysis experience required.

Job Competencies:

• High proficiency in analyzing financial statements, cash flow and financial ratio analysis.

• Knowledge of Moody’s Risk Analyst/CreditLens Software a plus.

• Strong written and verbal communications.

• PC literate with working knowledge of MS Office Word, Outlook and database management skills.

• Excellent analytical and assessment skills and a strong attention to detail.

• Excellent interpersonal and team development skills.

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

Flagstar is an Equal Opportunity Employer.