Flagstar Bank

Regional bank offering diversified financial services

Loan Workout/Special Assets Operations Analyst - Commercial Real Estate

Retail & Commercial BankingConfirmed live in the last 24 hours

Full-time$67.8k - $106.5kIn-person

About the Job

Requirements

An undergraduate degree (four years or equivalent) in Business Administration, Finance, or a related field is required.
At least four years of experience in the Loan Workout/Special Assets field is required; experience at an OCC-regulated institution is preferred.
Knowledge of and ability to interpret loan documentation.
Computer literacy and proficiency in Word and Excel.
Strong financial analysis skills.
Ability to build and maintain effective relationships with stakeholders through clear communication, proactive collaboration, and cross-functional insights aligned with enterprise goals.
Ability to identify client needs and deliver tailored solutions to enhance the client experience.
Ability to comply with applicable regulatory and compliance policies, standards, laws, and regulations and complete required compliance training.
No unusual physical exertion is involved.

Responsibilities

Conduct market research and analysis to assist Special Assets Officers and Team Leads in remediating classified commercial real estate and multifamily loans.
Re-underwrite actionable credits, emphasizing borrower liquidity and sustainable cash flow, primary causes of underperformance, corrective actions, and recovery prospects.
Develop, maintain, and update financial models and analyses to evaluate restructuring, loan modification, and other recovery alternatives.
Support Special Assets Officers and Team Leads in developing, executing, and monitoring workout strategies.
Act as a liaison with internal and external stakeholders when needed.
Prepare timely, detailed credit approval memos covering financial analysis, relationship overview, cash flow analysis, collateral assessments, and risk evaluations.
Review internal loan bookings and collateral positions.
Maintain team files and records.
Interact with borrowers, advisors, and internal bank and outside counsel.
Perform special projects and additional duties as required.
Maintain compliance with applicable federal, state, and local laws and regulations.

Desired Qualifications

Familiarity with various loan databases.
Experience at an OCC-regulated institution.

Position Title

Loan Workout/ Special Assets Operations Analyst - Commercial Real Estate

Location

New York, NY 10018

Job Summary

The Special Assets Analyst supports the Special Assets team with day-to-day management of distressed 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.

Job Responsibilities:

JOB RESPONSIBILITIES

Conducts market research and analysis to assist Special Assets Officers and Special Assets Team Leads in the remediation of classified commercial real estate/multifamily loans.
Re-underwrite actionable credits with emphasis on borrower liquidity and cash flow sustainability, primary drivers of underperformance, corrective actions, and prospects for recovery
Develop, maintain, and update financial models and analyses to evaluate restructuring, loan modification, or other recovery alternatives.
Supports Special Assets Officers and Special Assets Team Leads in the development, execution, and monitoring of workout strategies.
Acts as a liaison when needed for internal/external stakeholders.
Prepare timely detailed credit approval memos, including financial analysis, relationship overview, cash flow analysis, collateral assessments, and risk evaluations.
Reviews internal loan bookings and collateral positions.
Maintains team files and records.
Interact with borrowers, advisors, and internal bank/outside counsel.

ADDITIONALACCOUNTABILITIES

Performs special projects, andadditionalduties and responsibilities asrequired.

Consistently adheresto regulatory and compliance policies and standards linked to the job as listedand complete required compliance trainings. Accountable tomaintaincompliance with applicable federal,stateand local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

Education levelrequired:Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field.

Minimum experiencerequired:4+ Yearswithin the Loan Workout/Special Assets field, preferably at an OCC regulated institution.

Preferred Qualifications:

Familiarity with various loan databases

Job Competencies:

Excellent knowledge of and ability to interpret loan documentation.
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 in a fast paced environment.
Ability to work independently while also collaborating effectively in a team environment.
Strong financial analysis skills.

Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.

Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
Fosters orsupportsa positive work culture and productive work environment, displayingimportanceof effective relationships with customers and stakeholders.

Physical demands (ADA):No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer - Vets/Disabled

We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank

Pay Range

$67,758.75 - $106,505.00

About the Company

Flagstar Bank

Regional bank offering diversified financial services

Flagstar Bank is a regional bank that offers a broad range of financial products and services through its 418 branches in 10 states, complemented by digital channels. It operates with a customer-first mindset, emphasizing local market expertise, personalized solutions, and community focus. Its products work through a combination of branch-based relationship banking and technology-enabled services to meet customers’ financial needs. What sets Flagstar apart is its emphasis on local knowledge, community involvement, and diverse, inclusive workplace culture, rather than solely relying on scale or standard products. The company’s goal is to deliver a new energy in banking that opens doors for customers’ financial and personal success while strengthening the communities it serves.

Company size: 1,001-5,000
Company stage: IPO
Headquarters: Troy, MI
Founded: 1987

Recently Posted Jobs

Explore more opportunities at Flagstar Bank

See more jobs