What are the responsibilities and job description for the Special Assets Analyst position at Flagstar Bank?
JOB SUMMARY 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. Salary Range- $84,878 - $140,048
JOB 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.
ADDITIONAL ACCOUNTABILITIES
Required Qualifications :
Preferred Qualifications :
Job Competencies :
Flagstar is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.
Salary : $84,878 - $140,048
