Senior Commercial Credit Analyst

7 days ago


Troy, Michigan, United States Flagstar Bank Full time
Role Overview

The Credit Analyst 2 position at Flagstar Bank is the first stepping stone in the commercial training program. This program is designed to provide the experience and tools necessary for growth within the professional environment of commercial lending and credit risk.

Responsibilities:

• Spreads financial statements and assesses clients' compliance with financial covenants

• Conducts analysis and review of new loan request packages to identify credit issues and recommends appropriate loan structure

• Prepares periodic reviews and analysis of existing commercial relationships, focusing on companies' leverage, key risk factors, repayment sources, cash flow, and ability to service debt

• Orders due diligence reports as needed

• Monitors and tracks financial reporting requirements

• Assembles market/industry data into monthly reports for distribution to Credit staff

• Creates/updates procedures to assist with cross-training among business segments

Requirements:

• Bachelor's degree required

• 1-2 years of related experience

• Proficiency in basic software applications such as MS Word, Excel, and PowerPoint

• Proactive - engages with staff and business segments supported, continually looking for ways to help, provide value, and create efficiencies

• Flexible and able to multi-task (adjusts to change) - demonstrates ability to manage multiple tasks and quickly changes routine to meet new needs or unexpected problems

• Analytical and problem-solving skills - strong analytical skills with high attention to detail and accuracy, as well as solid problem-solving and decision-making skills

• Strong communication skills (written and verbal) - primarily interacts with Portfolio Managers, Relationship Managers, Team Managers, Credit Officers, and Relationship Administrators, presenting clear and precise recommendations based upon analysis for actions on loans

Compensation:

We offer a competitive salary range of $55,000-$65,000 per year, depending on experience. Additionally, we provide benefits such as health insurance, retirement plans, and paid time off. We are an Equal Opportunity Employer and welcome qualified applicants from diverse backgrounds.
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