Credit Officer – Equipment Finance

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🔥 0 minutes ago

🇺🇸 United States – Remote

💵 $102.3k - $185.6k / year

⏰ Full Time

🟠 Senior

🔴 Lead

💸 Financial Planning and Analysis (FP&A)

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Flagstar Bank

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

🛡️ Insurance

💼 Consulting

🏥 Healthcare

Insurance • Consulting • Healthcare

Flagstar Bank is a diversified commercial bank focused on building relationships to help clients on their financial journeys, whether for personal or business needs. The bank offers a wide range of financial services including personal and business banking, loans, mortgages, wealth management, and investment services. Flagstar is committed to community involvement and meeting the banking needs of diverse neighborhoods, including low- and moderate-income areas, while promoting diversity, equity, and inclusion within its operations.

📋 Description

• Prepare and review Flagstar Approval Memos, loan modifications, and portfolio reviews with Relationship Managers • Conduct credit analysis, industry research, and company research to recommend appropriate credit structures • Review, approve, or decline credit requests and escalate recommendations as appropriate • Serve as a voting member on credit committees for loan approvals • Monitor credit portfolios and lead credit risk review activities • Assist in developing loan-level strategies and oversee asset management reporting • Identify portfolio trends and support effective portfolio management strategies • Participate in weekly deal screening meetings • Ensure compliance with federal, state, and local regulations and internal policies • Collaborate with lines of business to develop and refine credit policies and procedures • Attend client meetings and conduct on-site project visits as needed • Develop and monitor key risk indicators for the Bank • Review departmental reports to track portfolio performance and identify emerging risks • Lead or contribute to special projects • Collaborate with peer managers to share best practices and improve team performance • Improve templates, analytical tools, and procedures for the credit analysis process • Exercise independent judgment and discretion in decision-making • Analyze and resolve problems

🎯 Requirements

• Undergraduate degree (4 years or equivalent) in Business, Finance, or a related field • 10+ years of experience in credit/lending • Ability to analyze complex financial data and assess creditworthiness • Ability to make timely, well-informed credit decisions under pressure • High accuracy reviewing financial statements, legal documents, and credit reports • Ability to clearly communicate credit recommendations, risk factors, and policy exceptions • Ability to work effectively with relationship managers, clients, and cross-functional teams • Ability to identify problems proactively and develop practical, risk-conscious solutions • Proficiency with credit scoring models • Proficiency with Microsoft Excel • Proficiency with financial modeling tools • Proficiency with risk management software such as Moody’s RiskCalc and S&P Capital IQ • Ability to build and maintain effective stakeholder relationships • Ability to build trusted internal and external client relationships • No unusual physical exertion is involved

🏖️ Benefits

• Medical insurance • Dental insurance • Vision insurance • Life insurance • Disability insurance • Comprehensive leave program