Special Assets Officer

1 day ago

Hicksville NY United States Flagstar Bank Full time
Pay Range: 155K - 193K 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.

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.

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.

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. 

  • Special Assets Officer

    2 weeks ago

    Hicksville, NY, United States Flagstar Bank Full time

    Pay Range: 155K - 193K 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...

  • Special Assets Analyst

    2 weeks ago

    Hicksville, NY, United States Flagstar Bank Full time

    Pay range: 112 - 140K 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...

  • Special Assets Analyst

    1 day ago

    Hicksville, NY, United States Flagstar Bank Full time

    Pay range: 112 - 140K 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...

  • Special Assets Officer

    4 weeks ago

    Hicksville, United States Flagstar Bank Full time

    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...

  • Special Assets Officer

    5 days ago

    Hicksville, United States Flagstar Bank Full time

    Pay Range: 155K - 193K 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...

  • Special Assets Analyst

    4 weeks ago

    Hicksville, United States Flagstar Bank Full time

    Pay range: 112 - 140K 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...

  • Special Assets Analyst

    1 month ago

    Hicksville, United States Flagstar Bank Full time

    Pay range: 112 - 140K 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...

  • Special Assets Analyst

    3 days ago

    Hicksville, United States Flagstar Bank Full time

    Pay range: 112 - 140K 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...

  • Special Assets Analyst

    4 days ago

    Hicksville, United States Flagstar Bank Full time

    Pay range: 112 - 140K 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...

  • Senior Asset Management Officer

    1 month ago

    Hicksville, New York, United States Flagstar Bank Full time

    Job SummaryThe Senior Asset Management Officer is a critical role within Flagstar Financial, responsible for supporting all business verticals by establishing residual and collateral values, negotiating end-of-lease residuals, and implementing policies and procedures. This position requires a strong understanding of asset management processes, equipment...

  • Senior Asset Management Officer

    4 weeks ago

    Hicksville, United States Flagstar Bank Full time

    The Senior Asset Management Officer supports all Flagstar Financial business verticals by being directly involved in the establishment of residual and collateral values, the negotiation of end-of-lease residuals with lessees, the resale of off-lease and repossessed equipment, compliance with and implementation of policies and procedures, providing management...

  • Senior Asset Management Officer

    4 weeks ago

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

    Job SummaryThe Senior Asset Management Officer supports all Flagstar Financial business verticals by being directly involved in the establishment of residual and collateral values, the negotiation of end-of-lease residuals with lessees, the resale of off-lease and repossessed equipment, compliance with and implementation of policies and procedures, providing...

  • Special Assets Officer

    4 weeks ago

    New York, NY, United States Flagstar Bank Full time

    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...

  • Analyst, Real Estate Asset Management

    2 weeks ago

    Hicksville, United States Flagstar Bank Full time

    Pay range: 112 - 140K 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...

  • Special Assets Team Lead- Loan Workout

    4 days ago

    New York, NY, United States Flagstar Bank Full time

    JOB SUMMARY The Special Assets Team Lead is responsible for the workout and resolution of Classified C&I and commercial real estate/multifamily loans in order to preserve principal and minimize charge-offs, in accordance with Bank policies and procedures. This position will manage a team of Special Assets Officers. JOB RESPONSIBILITIES * Manage a portfolio...

  • Special Assets Team Lead- Loan Workout

    1 day ago

    New York, NY, United States Flagstar Bank Full time

    JOB SUMMARY The Special Assets Team Lead is responsible for the workout and resolution of Classified C&I and commercial real estate/multifamily loans in order to preserve principal and minimize charge-offs, in accordance with Bank policies and procedures. This position will manage a team of Special Assets Officers.JOB RESPONSIBILITIES Manage a portfolio of...

  • Special Assets/Default Management

    2 weeks ago

    Irvine, CA, United States Archwest Capital Full time

    Essential FunctionsOverall responsibility for a function or departments within the Special Assets Loan Administration GroupManages all special assets to highest/best outcome (including resolution, refinance, reinstatement, forbearance, foreclosure, bankruptcy, loss mitigation, liquidation, etc.)Manages team members to achieve such outcomesResponsible for...

  • IT Asset Analyst

    2 weeks ago

    New York, NY, United States Flagstar Bank Full time

    The IT Asset Analyst works with IT Software Asset Program Manager to manage software licensing and entitlements. This includes helping to create reports for compliance and usage of software which will be used for software harvesting and internal audits. They will work with the IT Application owners to identify the appropriate software for incoming software...

  • IT Asset Analyst

    1 day ago

    New York, NY, United States Flagstar Bank Full time

    The IT Asset Analyst works with IT Software Asset Program Manager to manage software licensing and entitlements. This includes helping to create reports for compliance and usage of software which will be used for software harvesting and internal audits. They will work with the IT Application owners to identify the appropriate software for incoming software...

  • Asset Management Associate/Special Counsel

    2 weeks ago

    Washington, DC, United States Considine Search Full time

    Asset Management Associate/Special Counsel New York, D.C. SUMMARYOur client is seeking associates with private equity and hedge fund experience between Classes of 2020 and 2016, as well as Special Counsel, to join our Asset Management team in DC or NY.Skills & ExperienceRequiredCandidate must hold a JD from an ABA-approved law school (T14 school is...