Special Assets Officer, VP

Position Title

Special Assets Officer, VP

Location

Hicksville, NY 11801

Job Summary

*This is an onsite position in Hicksville, NY*

Pay Range: 136-158K

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.

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.

JOB REQUIREMENTS

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

Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank