Sales Manager, Professional Lending Group

4 weeks ago

New York, New York, United States Flagstar Bank Full time
Job Title:
Sales Manager, Professional Lending Group

Job Summary:
Flagstar Bank's Professional Lending Group is seeking a highly skilled Sales Manager to join our team. As a Sales Manager, you will be responsible for representing the Professional Lending Group to firms and borrowers, working in tandem with other Flagstar Bank sales teams. This person will introduce the PLG program to firms and set expectations for the process, timing, and rollout of each program.

The ideal candidate will have a strong understanding of private equity fund finance basics, including capital calls, distributions, fair market value, and applicable taxes; as well as basic loan mechanics including interest rates, credit types, loan to value ratio, debt to income ratio, advance rate, and amortization.

Key Responsibilities:
  • Communicating with firm to introduce and negotiate the loan program.
  • Communicating with Credit, Legal and documentation departments, as well as sales support and loan operations teams.
  • Communicate deadlines and provide updates to relevant internal teams and to firm.
  • Reviewing credit memos and approving loans as a credit officer.
  • Reaching out to clients to check in and looking for opportunities to deepen relationship or updating loan programs as applicable.
  • Working with compliance as needed.
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.
  • Communicate deadlines with internal teams.
Requirements:
  • Education level required: Undergraduate Degree (4 years or equivalent).
  • Minimum experience required: 3+ Years in a financial sales role.
  • Must be comfortable working in a fast-paced environment, balancing multiple deadlines, and communicating across teams.
  • Must be comfortable talking to clients and have impeccable email etiquette.
  • No specific certifications or technical expertise required.
Preferred Qualifications:
  • Education level preferred: Undergraduate Degree (4 years or equivalent) in business or finance.
  • Preferred 5+ years in financial sales working with credit, lending, or private credit.

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