Flagstar Bank, N.A

Loan Workout Officer - Commercial Real Estate

New York/1400 Broadway/114025

Sponsorship not specified$103k-$158kDetected 2 days ago

Financial Analysis

About the role

Prepare and compile credit approval memos, including detailed financial analysis, relationship overviews, collateral assessments, and risk evaluations.
Prepare formal credit memoranda, risk assessments, and recommendations for review and approval by senior credit authorities in accordance with delegated lending authorities and Special Assets Group Standards.
Review documentation for amendments, restructure proposals and litigation

Manages a portfolio of classified commercial real estate/multi-family loans end-to-end
Identify emerging credit risks and trends early, timely report changes in risk to management, and implement corrective actions to minimize defaults, non-accrual loan status, and migration of impairments.
Develop, recommend and execute workout strategies and make necessary judgements to protect the bank's interest and achieve maximum recovery.
Lead and manage negotiations with borrowers, guarantors, and third parties to protect the bank's risk position and achieve maximum recovery.
Perform quarterly reserve analysis, charge-off calculations, and credit cost forecasting.

Minimum experience required: 5+ Years within the Workout/Special Assets field, preferably at an OCC regulated institution
Familiarity with various loan databases
Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field
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.

7+ years of relevant work experience preferred.
Flagstar is an Equal Opportunity Employer
Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment.
$102,717.00 - $158,469.00

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