Credit Products Manager

🔥 0 minutes ago

🤠 Texas – Remote

🤠 Texas – Remote

💵 $168.4k - $273.7k / year

⏰ Full Time

🟠 Senior

🔴 Lead

👔 Manager

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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

• Oversee first-line credit underwriting and portfolio management within assigned business lines • Manage underwriters and credit professionals, including Credit Products Specialists and Credit Products Analysts • Ensure accurate risk ratings, loan evaluation, underwriting, and ongoing portfolio management • Identify emerging credit risks and opportunities using data-driven insights and portfolio analytics • Provide recommendations to leadership supporting sound credit decisions • Collaborate with sales, risk, technology, legal, and compliance teams • Maintain credit quality across assigned portfolios and lending verticals • Establish consistent credit decisioning and risk management practices across regions and verticals • Recruit, develop, coach, and retain credit underwriting and portfolio management talent • Serve as a point of contact for deal-flow assignment, credit-risk reviews, and escalations • Ensure compliance with regulatory requirements, internal policies, and risk frameworks • Provide credit-risk reporting and portfolio analysis to senior leadership • Support continuous improvement, transformation initiatives, and strategic decision-making • Interact with legal counsel and negotiate credit-agreement terms directly with clients

🎯 Requirements

• Undergraduate Degree (4 years or equivalent) in Business, Economics, or related field and Master's Degree (or Postgraduate equivalent) • 12+ years of first-line credit underwriting, portfolio management, and risk management experience within the financial industry • Experience in credit strategy and credit analytics • 5+ years of experience managing teams of credit analysts and underwriters in a specialty vertical • 5+ years of experience in a specialized line of business, such as specialized commercial industries, capital markets, or corporate commercial banking • Expertise in credit bureaus, credit decision engines, credit and cash-flow modeling, income/identity verification, and loss forecasting • Strong knowledge of federal and state laws and regulations related to credit decisions • Working knowledge of the syndicated loan market and related processes for certain lines of business • Proficiency in underwriting models, portfolio management strategies, and risk assessment • Effective communication and presentation skills • Ability to translate credit analysis into actionable strategies and policies • Ability to incorporate industry knowledge and market trends into credit-risk assessments • Ability to manage multiple priorities, meet deadlines, and execute tasks efficiently • Strong leadership, coaching, collaboration, and team-development skills • Knowledge of legal documentation, including credit agreements • Ability to interact with legal counsel and negotiate terms directly with clients • Ability to comply with applicable federal, state, and local laws and regulations

🏖️ Benefits

• Medical insurance • Dental insurance • Vision insurance • Life insurance • Disability insurance • Comprehensive leave program • Professional development opportunities • Coaching and training opportunities • Variable incentives, bonuses, commissions, or other awards may be included in total compensation