Special Assets Analyst

New York, NY 10018

About the role

The Special Assets Analyst supports the Special Assets team with day-to-day management of distressed commercial real estate/multifamily loans and assists with reporting and litigation matters. Collaborates 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.

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.
• Performs special projects and additional duties as required.
• Consistently adheres to regulatory and compliance policies and standards; completes required compliance trainings.
• Maintains compliance with applicable federal, state, and local laws and regulations.

Requirements

Required Qualifications:

• Undergraduate Degree (4 years or equivalent) in Business Administration, Finance, or related field.
• 4+ years of experience within the Loan Workout/Special Assets field, preferably at an OCC regulated institution.

Preferred Qualifications:

• Familiarity with various loan databases.

Skills

• 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 with 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 or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.

Pay

$67,758.75 - $106,505.00

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 information.