Position Title
Special Assets Analyst (C&I)
Location
New York/1400 Broadway/114025
Job Summary
JOB SUMMARY
The Special Assets Analyst supports the Special Assets team with day-to-day management of Classified C&I and commercial real estate/multifamily loans and assists with reporting and litigation matters. Collaborates/works 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.
Salary Range- $84,878 - $140,048
Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
JOB RESPONSIBILITIES
- Conducts market research and analysis to assist Special Assets Officers and TL’s with Classified loan remediation efforts.
- Assists with creating/auditing documents requested by third party consultants including loan officers, attorneys, and appraisers.
- Assists with creation of relevant documents related to forecasting and other monthly/quarterly reporting requirements.
- Supports Special Assets Officers and TL’s with implementing actions and workout strategies.
- Acts as a liaison when needed for internal/external stakeholders.
- Run financial spreads and modeling as required.
- Reviews and maintains recurrent status reports from outside counsel, detailing loan status in the legal process and making updates as required.
- Maintains file records and transition to document retention and retrieval.
- Completes self-audits for key processes to maintain files and assist in audit documentation requests.
ADDITIONAL ACCOUNTABILITIES
- 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. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
Required Qualifications:
- Education level required: Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field.
- Minimum experience required: 3+ Years within the Loan Workout/Special Assets field, preferably at an OCC regulated institution.
Preferred Qualifications:
- Familiarity with various loan databases.
Job Competencies:
- Excellent knowledge of and ability to interpret real estate documentation.
- Excellent knowledge of real estate policies, procedures and related lending laws.
- Computer literate with proficiency in Word and Excel.
- Excellent verbal and written communication skills.
- Excellent organizational skills with ability to multitask.
- Detail oriented and ability to prioritize workload.
- Ability to work independently.
- Ability to perform mathematical calculations.
Flagstar is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.
What We Do
Thank you for visiting Flagstar Bank on LinkedIn, and we look forward to being part of your financial journey. On December 1, 2022, New York Community Bank (NYCB) and Flagstar Bank joined together to become one company. Today, New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The company is headquartered in Hicksville, New York. At June 30, 2024, the company had assets of $119.1 billion. We operate over 400 branches across 10 states, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and on the West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators. We believe in cultivating a diverse, inclusive, and respectful workplace that engages employees, broadens perspectives, and encourages teamwork. We hire people who represent the talents, experiences, backgrounds, and diversity of the communities we serve. Together our goal is to deliver a new energy in banking to our customers, opening new doors for financial and personal success. Customers will have access to a broad spectrum of technology, products and services—all with a shared customer-first approach. Relationships are at the center of all that we do, enhanced by our commitment to delivering local market expertise, personalized solutions, and a long-standing focus on strengthening our communities. Follow us on LinkedIn to stay up to date on news and updates, new hires, community initiatives, access to our collective insights, and banking industry updates that you need to know.
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