Special Assets Officer

Flagstar Bank • Hicksville, OH

5d • $136 - $158

About The Position

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.

Requirements

• Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field.
• 3+ Years within the Loan Workout/Special Assets field, preferably at an OCC regulated institution.
• 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.

Nice To Haves

• Familiarity with various loan databases.

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.
• 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.

Benefits

• Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level