Special Assets Analyst

Job Summary

The Special Assets Analyst supports the Special Assets team with day‑to‑day management of distressed commercial real estate/multifamily loans and/or C&I loans, assists with reporting and litigation matters, collaborates with Special Assets Team Leads and Officers to preserve principal and prevent charge‑offs, and maintains compliance with policy, procedure, and lending regulations.

Responsibilities

• Conduct market research and analysis to assist Special Assets Officers and 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, 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.
• Support the development, execution, and monitoring of workout strategies.
• Act as a liaison for internal and external stakeholders as needed.
• Prepare detailed credit approval memos, including financial analysis, relationship overview, cash‑flow analysis, collateral assessments, and risk evaluations.
• Review internal loan bookings and collateral positions.
• Maintain team files and records.
• Interact with borrowers, advisors, and internal bank/outside counsel.

Additional Accountabilities

• Perform special projects and additional duties as required.
• Consistently adhere to regulatory and compliance policies and standards and complete required compliance trainings.
• Maintain compliance with applicable federal, state, and local laws and regulations.

Requirements

• Undergraduate degree (4 years or equivalent) in Business Administration, Finance, or a related field.
• 4+ years of experience in loan workout/special assets, preferably at an OCC‑regulated institution.
• Familiarity with various loan databases (preferred).
• Excellent knowledge of and ability to interpret loan documentation.
• Proficiency in Microsoft Word and Excel.
• Strong verbal and written communication skills.
• Excellent organizational skills with the ability to multitask in a fast‑paced environment.
• Detail‑oriented with the ability to prioritize workload.
• Ability to work independently and collaborate effectively in a team.
• Strong financial analysis skills.
• Demonstrated ability to build and maintain effective relationships with stakeholders, aligning relationship‑building efforts with enterprise goals.
• Commitment to fostering a positive work culture and productive environment.

Physical Demands

No unusual physical exertion is involved.

Pay

Pay Range: $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 is available through the company benefits portal.