Credit and Portfolio Manager

6 days ago


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

Job Description: Flagstar Bank is seeking a highly skilled Senior Lender, VP to join our Private Banking team. The successful candidate will have a strong background in commercial lending and credit analysis, with a proven track record of success in approving credit requests and managing large portfolios.

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Responsibilities:

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  • \
  • Leading the lending process for personal and business loans in the Private Banking group.\
  • Approving credit requests and preparing underwriting analysis and credit offering memos.\
  • Analyzing applicant financial status, credit, and property to determine the feasibility of granting a loan.\
  • Maintaining accurate databases and monitoring the performance of loans.\
  • Working closely with prospects and clients of Private Client Groups and interviewing applicants to request specified information for loan applications.\
  • Collaborating with outside counsel to document loan transactions.\
  • Approving credit overrides from financial centers and private client groups for loans.\
  • Notifying the Chief Credit Officer immediately of any credit quality issues within the portfolio.\

Requirements:

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  • \
  • A minimum of 3 years' commercial lending experience at a large financial institution.\
  • Strong background in credit exposure, particularly upper middle market/large corporate ($50 million+ in revenue), complex loans, and managed large portfolios ($150 million in commitment/$100 million outstanding loans).\
  • Ability to analyze financial statements, ratios, and cash flow analysis.\
  • Excellent communication skills both written and verbal.\
  • Proficiency in MS Office Suite (Outlook, Excel, Word).\

Benefits:

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Flagstar Bank offers a comprehensive benefits package, including health insurance, retirement savings, and paid time off.

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