Flagstar Bank, N.A

Operations Specialist II - Asset Based Finance

New York/1400 Broadway/114025 · Mid

Sponsorship not specified$26k-$40kDetected 9 days ago

Stakeholder ManagementSalesforceAccountingExcelCommunicationPublic SpeakingMicrosoft OfficeAccounts Payable

About the role

The Operations Specialist II - Asset Based Finance serves as a key contributor in the daily monitoring, processing, and servicing of asset-based lending (ABL) accounts.
This role is responsible for ensuring the accuracy of client-reported collateral data, performing reconciliations, preparing loan advances, and providing high-quality service to both internal and external stakeholders.
The position requires a strong foundation in ABL processes, sound analytical skills, and the ability to work independently with minimal supervision.

Collateral Monitoring and Data Management: Review, enter, and validate client-submitted collateral reports in the Stucky system, including accounts receivable, inventory, and other secured assets.
Collaborate with portfolio managers and the Commercial Loan Operations team to ensure seamless client servicing.
Loan Reconciliation and Calculation: Perform daily and month-end reconciliations between client-reported data, internal systems (Stucky, Commercial Loan System), and general ledger entries. Accurately calculate interest, fees, and other loan-related metrics.
Operational Support and Risk Mitigation: Assist with reviewing internal control reports and identifying operational issues. Recommend process improvements to enhance accuracy, efficiency, and compliance.
The Specialist acts as a liaison between clients, portfolio managers, and back-office teams to support loan funding and reporting activities, while identifying potential operational risks or inconsistencies.

Minimum experience required: 2+ Years of experience in ABL operations, commercial lending, loan servicing, or a financial services environment.
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.

In-depth knowledge of ABL collateral types and lending operations.
Experience using ABL monitoring software (e.g., Stucky).
Strong reconciliation, analytical, and organizational skills.
Ability to interpret and apply financial concepts related to borrowing base structures.
High attention to detail with the ability to prioritize multiple tasks.
Strong interpersonal and communication skills.
Proficiency in Microsoft Excel, Word, and Outlook
familiarity with ACBS and Salesforce a plus.

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.
Benefits | Flagstar Bank

We are committed to providing clear and accurate compensation information in accordance with applicable laws.

This listing is sourced directly from Flagstar Bank, N.A's careers page and normalized into a canonical job model.