Senior Credit Officer – Equipment Finance

🔥 0 minutes ago

🇺🇸 United States – Remote

💵 $143.4k - $250.7k / year

⏰ Full Time

🟠 Senior

💸 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

• Lead credit approval for equipment finance transactions, including financial analysis, collateral evaluation, and credit structuring • Assess credit risk for new and existing equipment finance customers • Develop and maintain Equipment Finance credit policies and procedures • Monitor portfolio performance and identify problem credits • Serve as credit authority for equipment finance deals within assigned limits • Conduct borrower cash flow, industry trend, and equipment value analyses • Collaborate with business development and sales teams on pricing, structure, and transaction terms • Present credit analyses, portfolio metrics, and risk assessments to senior management and regulators • Mentor and develop underwriting and credit support staff; manage performance reviews, workflow, and employee relations • Maintain compliance with federal, state, and local regulations, fair lending laws, and examination requirements • Participate in regulator meetings as an equipment finance credit subject matter expert • Perform special projects and additional duties as required • Complete required compliance training

🎯 Requirements

• High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent required • 10+ years of experience in credit/lending required • Advanced ability to analyze financial statements, assess creditworthiness, evaluate collateral value, and identify equipment finance credit risks • Deep knowledge of equipment finance products, lease structures, residual values, and equipment-specific credit considerations • Ability to make sound credit decisions within established authority limits and resolve complex credit situations • Proven track record of managing and developing credit and underwriting staff • Strong understanding of lending regulations and fair lending practices • Excellent spoken and written communication skills • Excellent analytical and problem-solving abilities • Extensive knowledge of the equipment finance market, pricing, structure, and credit trends • Undergraduate degree preferred

🏖️ 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