Flagstar Bank
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.
Loan Workout Officer – Commercial Real Estate
🔥 2 minutes ago
🌵 Arizona, New York – Remote
💵 $102.7k - $158.5k / year
⏰ Full Time
🟡 Mid-level
🟠 Senior
🦅 H1B Visa Sponsor
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Flagstar Bank
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
• Manage a portfolio of distressed commercial real estate and multifamily loans end-to-end • Prepare and compile credit approval memoranda with financial analyses, relationship overviews, collateral assessments, and risk evaluations • Identify emerging credit risks and trends, report risk changes to management, and implement corrective actions • Develop, recommend, and execute workout strategies to protect the bank’s interests and maximize recovery • Lead negotiations with borrowers, guarantors, and third parties • Establish borrower performance expectations and monitor and enforce loan covenants, reporting requirements, and action plans • Prepare credit memoranda, risk assessments, and recommendations for senior credit authorities • Review documentation for amendments, restructuring proposals, and litigation • Work with senior management and loan officers on financial forecasts, project losses, and recoveries • Perform quarterly reserve analysis, charge-off calculations, and credit cost forecasting • Perform special projects and additional duties as required • Maintain compliance with regulatory policies, standards, and applicable laws
🎯 Requirements
• Undergraduate degree (4 years or equivalent) in Business Administration, Finance, or a related field • 5+ years of experience within the Workout/Special Assets field • Experience preferably at an OCC-regulated institution • Familiarity with various loan databases • 7+ years of relevant work experience preferred • Ability to maintain compliance with lending regulations, policies, procedures, and applicable federal, state, and local laws
🏖️ Benefits
• Medical insurance • Dental insurance • Vision insurance • Life insurance • Disability insurance • Comprehensive leave program • Variable incentives, bonuses, commissions, or other awards may be included in total compensation • Reasonable accommodation available during the employment application process
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