Senior Lending Specialist

2 weeks ago


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

The Senior Lender - SVP at Flagstar Bank plays a crucial role in the development of complex personal and business loans, interacting with Private Client Groups and their prospects and clients.

Key Responsibilities
  • Conduct thorough interviews with applicants to gather necessary information for loan applications.
  • Recommend loan requests that exceed credit quality to the Portfolio Management Team Leader - SVP.
  • Notify the Portfolio Management Team Leader - SVP immediately of any credit quality issues within the portfolio.
  • Review financial reports submitted by clients to ensure compliance.
  • Ensure loan agreements are complete and accurate according to policy and comply with approval.
  • Monitor daily referrals for overdrafts and unavailable funds from financial centers and private client groups.
  • Maintain a database and track the performance of loans.
  • Collaborate with outside counsel for documentation on loan transactions.
  • Identify opportunities outside the bank to develop prospects for loans.
Requirements
  • Minimum 8 years of commercial lending experience at a leading money center bank.
  • Formal Credit Training is required.
  • Bachelor's degree in business or a related field is highly preferred.
  • Prior management experience is necessary.
  • Thorough knowledge of lending to individuals and businesses is essential.
  • Knowledge of analyzing financial statements, cash flow analysis, and financial ratios is required.


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