Special Assets Portfolio Manager

5 days ago


Hicksville, New York, United States Flagstar Bank Full time
Job Summary

The Special Assets Officer plays a critical role in managing a portfolio of Classified C&I and commercial real estate/multifamily loans. This position requires strong analytical and organizational skills to ensure compliance with policy, procedure, and lending regulations.

Key Responsibilities
  • Manage a portfolio of loans, coordinating and preparing required documentation for approvals, and updating the Loan Workout database for new loan transfers.
  • Ensure charge-off documentation matches internal records and review mathematical explanations provided by loan officers, compiling summary reports for approval and distributing appropriate documentation for individual loan charge-off processing.
  • Compile information for loan approval memos, including financial analysis, relationship summaries, and collateral overviews.
  • Verify recovery funds are posted to correct general ledger accounts and manage reconciliation of legal expenses on participation loans.
  • Responsible for all aspects of portfolio management, including back office, loan balances, and appraisal updates.
  • Interact with Sr. Management and loan officers to compile charge-off forecasts and validate charge-off amounts for approval.
Additional Accountabilities
  • Perform special projects and additional duties as required, consistently adhering to regulatory and compliance policies and standards.
  • Accountable for maintaining compliance with applicable federal, state, and local laws and regulations, completing required compliance trainings.
Job Requirements

Required Qualifications:

  • Education: Undergraduate Degree in Business Administration, Finance, or related field.
  • Experience: 5+ years in the Workout/Special Assets field, preferably at an OCC regulated institution.
  • Familiarity with various loan databases.

Preferred Qualifications:

  • 7+ years of relevant work experience.

Job Competencies:

  • Strong knowledge of real estate documentation and policies.
  • 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.


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