Full-Time
$55.7k - $89.1k/yr (Verified by employer)
May sponsor international talent
About the job
Position Title
Credit Analyst 2
Location
New York, NY 10018
Job Summary
The position is the first stepping stone in the commercial training program designed to provide the experience and tools necessary to grow within the professional environment of commercial lending and credit risk. The Analyst will support Portfolio Managers and Credit Officers within Commercial Credit Risk, which workswith multiple business segments including C&I, CRE, Regional Business Banking, BBG, Warehouse, Treasury, and TPO. Essential functions include:
Spreading financial statements and assessing the client’s compliance with financial covenants
Complete analysis and review of new loan request packages to identify credit issues and recommend appropriate loan structure
Prepare periodic reviews and analysis of existing commercial relationships focusing on a company’s leverage, key risk factors, repayment sources, cash flow and ability to service debt
Ordering due diligence reports (Appraisals, Environmental, Credit Reports, OFAC and Lexis Nexis) as needed
Monitoring and tracking financial reporting requirements
Assembling market/industry data into monthly reports for distribution to Credit staff
Creating/Updating procedures to assist with cross training among business segments
Special projects as needed
Pay Range: 55,671.68 - 72,373.18 - 89,074.69
Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities
Monitoring of Existing Commercial Loans
Examples of duties and responsibilities under this component include but are not limited to the following functions:
Spread financial statements and identify concerning trends
Pull and review exception reports and work with the Portfolio Manager and Relationship Manager to clear exceptions
Track the receipt of financial information (statements, borrowing base certificates, leases, guarantor information, covenants, etc) and validate compliance with the credit agreement
Prepare periodic reviews and analysis of existing commercial relationships focusing on a company’s leverage, key risk factors, repayment sources, cash flow and ability to service debt
Perform private Investor Reviews for Warehouse
Assemble market/industry data into reports distributed to credit personnel
Make recommendations on risk rating appropriateness of credits
Writing of New Loan Request Packages
Examples of duties and responsibilities under this component include but are not limited to the following functions:
Prepare Flagstar Approval Memos or Modifications to evaluate and determine appropriate credit structure and terms for potential borrowers focusing on a company’s leverage, key risk factors, repayment sources, cash flow and ability to service debt
Order due diligence reports
Spread financial statements and identify concerning trends
Obtain market/industry data to compare against the prospect’s performance metrics/trends
Development
Examples of duties and responsibilities under this component include but are not limited to the following functions: The position is the first stepping stone in the commercial training program designed to provide the experience and tools necessary to grow within the professional environment of commercial lending and credit risk. The program will include the following professional development duties:Complete credit specific training courses on an ongoing basis as required by manager
Attend routine meetings which will include presentations geared towards teaching the fundamentals of Credit Analysis
c. Attend mock review meetings to enhance analytical, presentation, critical thinking and decisioning skills
d. Attend credit, sales and deal screen meetings to learn bank’s customer appetite
Special Projects
Examples of duties and responsibilities under this component include but are not limited to the following functions: Update and create procedures for various Risk Management business lines
Update policy in conformance with regulations
Assist peers in times of workload constraints
Other special projects as needed
Job Requirements
Bachelor’s degree required with 1- 2 years of experience preferred
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.
