Special Assets Officer

1 month ago


Hicksville, New York, United States Flagstar Bank, N.A. Full time
Position Title
Special Assets Officer

Location
Hicksville/102 Duffy Avenue/3797

Job Summary
JOB SUMMARY
The Special Assets Officer manages a portfolio 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.

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

JOB RESPONSIBILITIES

  • Manages a portfolio of loans while coordinating and preparing required documentation for approvals. Updates Loan Workout database for new loan transfers.
  • Ensures charge-off documentation matches internal records and review's mathematical explanation provided by loan officers. Compiles summary report of all charge-off forms for approval and upon approval, distributes appropriate documentation for individual loan charge-off processing.
  • Compiles information for loan approval memos including financial analysis, relationship summaries and collateral overview.
  • Verifies that recovery funds are posted to correct general ledger accounts while managing reconciliation of legal expense on participation loans.
  • Responsible for all aspects of portfolio including back office, loan balances, etc.
  • Orders appraisal updates by coordinating borrow financial information and collateral descriptions.
  • Interacts with Sr. Management and loan officers to compile charge-off forecast and validates charge-off amounts to be submitted for approval.

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:

  • Education level required: Undergraduate Degree (4 years or equivalent)Business Administration, Finance, or related field.
  • Minimum experience required: 5+ Years within the Workout/Special Assets field, preferably at an OCC regulated institution.
  • Familiarity with various loan databases.

Preferred Qualifications:

  • 7+ years of relevant work experience preferred.

Job Competencies:

  • Strong knowledge of and ability to interpret real estate documentation.
  • Strong 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.
  • Physical demands (ADA): No unusual physical exertion is involved.

  • Special Assets Data

    1 month ago


    Hicksville, New York, United States Flagstar Bank, N.A. Full time

    Position Title Special Assets Data & Analytics OfficerLocation Hicksville/102 Duffy Avenue/3797Job Summary JOB SUMMARYThe Special Assets Data & Analytics Officer is responsible for the development, production, and ongoing enhancement of data and analytics for the Special Assets team. Works with Head of Special Assets on with day-to-day management of...


  • Hicksville, New York, United States Flagstar Bank Full time

    JOB SUMMARYThe Senior Special Assets Manager oversees a portfolio of classified commercial and industrial (C&I) loans as well as commercial real estate and multifamily loans. This role is pivotal in assisting with reporting and litigation processes. The manager collaborates closely with the Special Assets Team Leads and Officers to support initiatives aimed...


  • Hicksville, New York, United States Flagstar Bank Full time

    JOB SUMMARYThe Senior Special Assets Manager oversees a portfolio of classified commercial and industrial (C&I) loans, as well as commercial real estate and multifamily loans. This role is crucial in assisting with reporting and litigation processes. The manager collaborates closely with the Special Assets Team Leads and Officers to safeguard principal...


  • Hicksville, New York, United States Flagstar Bank Full time

    Job Summary:The Special Assets Team Lead - Portfolio Manager is responsible for overseeing the workout and resolution of complex commercial and industrial loans, as well as commercial real estate and multifamily loans, to preserve principal and minimize charge-offs. This position will manage a team of Special Assets Officers and be responsible for talent...


  • Hicksville, New York, United States Flagstar Bank Full time

    POSITION SUMMARYThe Commercial Loan Recovery Analyst plays a crucial role in assisting the Special Assets team with the effective management of classified commercial and industrial (C&I) loans, as well as commercial real estate and multifamily financing. This position is integral in supporting reporting and legal matters while collaborating closely with...


  • Hicksville, New York, United States ACS System Associates Full time

    Job OverviewACS System Associates, Inc., a prominent name in the HVAC Commercial sector since 1983, is recognized for its involvement in significant projects such as the World Trade Center and Brooklyn Navy Yard. Our firm specializes in a diverse range of construction endeavors, encompassing retail, office, industrial, educational, and healthcare facilities...


  • Hicksville, New York, United States WASH Laundry Full time

    WASH Laundry is a reputable organization that our clients rely on to sustain their operations, enabling them to deliver essential services throughout the USA and Canada. We are committed to fostering a sense of purpose and accomplishment in our work while adhering to our core values. Our people are our greatest asset, and we promote the growth and...


  • Hicksville, New York, United States Flagstar Bank Full time

    Position Title: Senior Quantitative Analyst in FinanceLocation: NYCB Plaza -102 (Hicksville, NY)Job Summary: The Senior Quantitative Analyst is an essential member of the Treasury division, enhancing Flagstar's insights into customer behavior, balance sheet dynamics, and risk exposures.The Analyst leverages advanced quantitative and analytical capabilities...


  • Hicksville, New York, United States WASH Laundry Full time

    WASH Laundry is a reputable organization that our clients rely on to maintain their operations, enabling them to deliver essential services across North America. We are committed to fostering a sense of purpose and accomplishment in our work while adhering to our core values. Our employees are our greatest asset, and we actively promote the growth and...


  • Hicksville, New York, United States ACS System Associates Full time

    Job OverviewACS System Associates, Inc., a distinguished leader in the HVAC commercial sector since 1983, is seeking a Junior Accounting Specialist to join our dynamic team. With a proven track record of high-profile projects, including the World Trade Center and Stony Brook Hospitals, we pride ourselves on our extensive portfolio that encompasses a variety...


  • Hicksville, New York, United States Flagstar Bank Full time

    Job SummaryThe Senior Quantitative Financial Analyst is a key member of the Treasury team at Flagstar Bank, playing a pivotal role in advancing the company's understanding of its customers, balance sheet, and risk exposures. This Analyst utilizes advanced quantitative and technical skills to produce insightful reporting, analysis, and recommendations that...


  • Hicksville, New York, United States National Grid plc Full time

    Position Overview:The Senior Mechanical Engineer will play a pivotal role in our Power Engineering Department, reporting directly to the Reliability Engineering Manager. This position is essential for collaborating with both internal and external teams on innovative projects and enhancements to our existing fleet of steam and combustion turbine units.Key...


  • Hicksville, New York, United States The BLS Company Full time

    Job SummaryThe BLS Company is seeking a highly motivated and customer-focused Customer Service Representative to join our team. As a key member of our customer service department, you will be responsible for delivering exceptional customer experiences and ensuring that all client inquiries, concerns, and issues are resolved in a timely and efficient...


  • Hicksville, New York, United States TBG | The Bachrach Group Full time

    We are seeking a highly skilled Office Administrator to join our team at TBG | The Bachrach Group. As a key member of our team, you will be responsible for providing exceptional administrative support to our staff.Temporary to permanent opportunityMinimum 1 year of experience in a clerical roleCompetitive hourly rate: $20-22/hourKey...


  • Hicksville, New York, United States New York State Civil Service Full time

    Job SummaryWe are seeking a highly organized and detail-oriented Administrative Support Specialist to join our team at the New York State Civil Service. As an Office Assistant 1-Keyboarding, you will be responsible for performing a variety of administrative tasks, including data entry, chart compilation, and general office support.Key ResponsibilitiesPerform...


  • Hicksville, New York, United States Gabrielli Truck Sales Full time

    Position OverviewGabrielli Truck Sales is seeking a dedicated Sales Coordinator AdministratorKey Responsibilities:Overseeing inventory managementFacilitating the stocking of trucksMaintaining and updating Salesforce recordsResponsible for creating keys and organizing foldersPerforming various administrative tasksAssisting with special projects as...


  • Hicksville, New York, United States Gabrielli Truck Sales Full time

    Position OverviewGabrielli Truck Sales is seeking a dedicated Sales AdministratorKey Responsibilities:Overseeing inventory managementFacilitating the stocking of vehiclesMaintaining and updating Salesforce recordsResponsible for creating keys and managing foldersPerforming various administrative tasksAssisting with special projects as requiredRequired...


  • Hicksville, New York, United States Gabrielli Truck Sales Full time

    Position OverviewGabrielli Truck Sales is seeking a dedicated Sales AdministratorKey Responsibilities:Overseeing inventory managementFacilitating the stocking of vehiclesMaintaining and updating Salesforce recordsResponsible for the creation of keys and foldersPerforming various administrative tasksAssisting with special projects as requiredRequired Skills:...


  • Hicksville, New York, United States WASH Laundry Full time

    About WASH LaundryWASH Laundry is a leading provider of laundry services to businesses across the USA and Canada. We pride ourselves on delivering exceptional customer service and building strong relationships with our clients.Job SummaryWe are seeking a highly motivated and customer-focused Customer Service Representative to join our team. As a Customer...

  • Billing Specialist

    2 weeks ago


    Hicksville, New York, United States First Advantage Full time

    Job OverviewAt First Advantage, we prioritize our people, recognizing that our team members are our greatest asset. We are dedicated to fostering an inclusive and diverse workforce that values every individual's contributions. Our mission is to empower organizations to make informed hiring decisions through comprehensive background screening solutions.Role...