Asset Manager

2 weeks ago


Hicksville NY, United States Flagstar Bank Full time
An Asset Manager II, works under limited supervision and is responsible for managing and monitoring a portfolio of moderately complex M/F, CRE & ADC loans, etc. This may include participated loans, loans that display credit weakness and other loan credit issues requiring special attention. The Asset Manager is also responsible for investigating why performing real estate loans are not achieving underwritten Net Operating Income projections, determines updated risk ratings for loans; and handles various other moderately complex post-closing functions associated with these loans.

JOB RESPONSIBILITIES

  • Reviews and completes individual CRE scorecards based on financial analyses completed by the I&E Dept.
  • Actively monitors the financial performance of all assigned loans within the Credit Management portfolio inclusive of loans over $50MM, designated “High Profile” loans, Watch List loans, and criticized and classified loans.
  • Performs enhanced analysis and monitoring of loans whose DSCR is less than 1.0x as determined by the most recent financial analysis performed by the I&E Dept.
  • Performs semi-annual reviews of assigned Pass 6W loans monitoring performance and grading the loan appropriately.
  • Develops Top Twenty Borrower Relationship Reports (“T-20”) on an annual basis in addition to developing and maintaining relationships with the large borrowers and the assigned Loan Officer.
  • Reviews and interprets cash flow and operating financial statements of the borrower and/or the guarantor(s) and monitors the financial performance of loans assigned.
  • Reviews and executes SNDA’s, Transfers of Interest, Collateral and Guaranty Releases.
  • Interacts with borrowers, agents, and attorneys on an on-going basis and keeps account officers within the bank informed about borrower/loan performance and issues at hand.
  • Interacts with ILR, Originations and I&E on any issues deemed to be a credit risk function.

Additional functions may include :

  • Serving as the “point person” for environmental reviews.
  • Supporting the HPD reviews and files.
  • Reviewing and processing Collateral and Guaranty Releases.
  • Reviewing and processing Transfers of Interests.

ADDITIONAL ACCOUNTABILITIES

  • 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.

JOB REQUIREMENTS

Required Qualifications:

  • Bachelor’s degree or Master’s degree in Business Administration, Finance or Accounting.
  • Minimum of five (5) years of lending and workout experience in C&I, MF, and CRE.
  • Formal credit training.

Preferred Qualifications:

Additional qualifications the hiring team would prefer an applicant to have.

  • Education level preferred: Choose an item. (Add applicable additional detail i.e. field of study preferred or equivalent work experience if applicable)
  • (Insert preferred licensing, certifications, or specialized training)

Job Competencies:

  • Comprehensive knowledge of loan asset management.
  • Comprehensive knowledge of regulatory laws and regulations related C&I MF & CRE lending.
  • Computer literate with intermediate proficiency in internet navigation, word processing and spreadsheet applications.
  • Strong negotiation skills.
  • Strong analytical and problem solving skills.
  • Detail oriented with excellent organizational and project management skills.
  • Excellent interpersonal, written and verbal communication skills.
  • Ability to travel occasionally, as needed.
  • Ability to multitask.

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