Credit Products Specialist I

About the role

The Credit Products Specialist I supports the underwriting, structuring, and management of commercial credit relationships within an assigned line of business (LOB) such as Corporate Banking, Private Banking (including Private Banking Mortgage), Regional Commercial Banking, or Specialized Industries. This role provides critical financial analysis, assists in risk assessment, and ensures sound credit decision-making. As a key partner to sales, this position helps structure new loan transactions, conduct portfolio monitoring, and identify potential risks while supporting the bank’s commitment to responsible lending and portfolio growth.

Responsibilities

• Assist sales in analyzing financial statements, assessing borrower creditworthiness, and preparing credit approval packages within assigned specialized vertical or region.
• Monitor financial trends, covenant compliance, and borrowing bases to identify potential credit risks and recommend actions.
• Work alongside sales and credit teams to structure deals, address underwriting inquiries, and support client needs.
• Act as a mentor to analysts, sharing expertise in financial analysis, credit structuring, and risk assessment.
• Stay informed on market trends, credit policies, and risk mitigation techniques to strengthen expertise in commercial lending.
• Use independent judgement and discretion to make decisions regarding assigned portfolio.
• Analyze and resolve problems pertaining to the assigned portfolio.
• Perform special projects and additional duties as required.
• Adhere to regulatory and compliance policies and standards; complete required compliance trainings.
• Maintain compliance with applicable federal, state, and local laws and regulations.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or a related field, or 5+ years of equivalent experience.
• 3+ years of experience in credit underwriting, portfolio management, or a related field.
• 3+ years of experience in the direct specialized line of business (e.g., specialized commercial industries, capital markets, corporate commercial banking).
• Strong financial analysis and risk assessment abilities.
• Basic understanding of loan structuring and credit agreements.
• Proficiency in financial modeling and credit decision tools.
• Effective communication and teamwork skills.

Skills

• Financial Acumen: Strong foundational understanding of financial statements, key ratios, and credit analysis principles.
• Analytical Thinking: Ability to assess financial data, identify trends, and evaluate borrower creditworthiness.
• Detail Orientation: Ensures accuracy in financial analysis, credit packages, and risk assessments.
• Collaboration & Communication: Works effectively with relationship managers, credit officers, and other stakeholders; strong written and verbal communication skills.
• Time Management: Ability to manage multiple loan requests, meet deadlines, and prioritize tasks effectively.
• Technology Proficiency: Intermediate Excel skills (financial modeling, pivot tables, VLOOKUP), familiarity with credit analysis software.
• Curiosity & Learning Agility: Willingness to develop credit expertise, stay informed on industry trends, and apply new knowledge to underwriting and portfolio management.

Physical Demands

No unusual physical exertion is involved.

Pay

Pay Range: $82,163.25 – $131,435.00

Benefits

Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Detailed benefits information.