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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/or C&I Loans. This role assists with reporting and litigation matters, collaborates with team leads and officers, and supports efforts to preserve principal and prevent charge-offs while maintaining 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-underwrites actionable credits with emphasis on borrower liquidity and cash flow sustainability, underperformance drivers, corrective actions, and recovery prospects.
- Develops, maintains, and updates 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 for internal/external stakeholders as needed.
- Prepares 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.
- Interacts 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, and completes required compliance trainings.
- Maintains compliance with applicable federal, state, and local laws and regulations.
Requirements
- Undergraduate Degree (4 years or equivalent) in Business Administration, Finance, or related field.
- Minimum 4+ years within the Loan Workout/Special Assets field, preferably at an OCC regulated institution.
- Familiarity with various loan databases.
- 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 the importance of effective relationships with customers and stakeholders.
- No unusual physical exertion is involved.
Skills
- Financial modeling
- Financial analysis
- Loan workout
- Special assets management
- Credit analysis
- Microsoft Word
- Microsoft Excel
- Communication
- Organization
- Multitasking
- Attention to detail
- Prioritization
- Team collaboration
- Independent work
- Relationship building
- Client relationship management
Location
- New York, NY
Work Type
- Full-time
Experience Level
- 4+ Years
Education Level
- Undergraduate Degree
Salary/Compensations
- $67,758.75 - $106,505.00
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Life insurance
- Disability insurance
- Comprehensive leave program
About the Company
- Flagstar is an Equal Opportunity Employer.
- We are committed to providing clear and accurate compensation information in accordance with applicable laws.
- Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law.
- Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment.
Equal Opportunity
- Flagstar is an Equal Opportunity Employer.