Credit Officer - Equipment Finance

Flagstar Bank

2d•$102,263 - $185,638•Remote

About The Position

The Credit Officer plays a key role in managing credit risk by conducting thorough analyses of loan requests and providing well-informed recommendations. This position is also responsible for developing and maintaining credit policies, ensuring loan approvals and recommendations align with the risk appetite established by senior management, and identifying any deviations from established credit guidelines. Additionally, the Credit Officer ensures regulatory compliance across relevant loan portfolios and performs regular portfolio reviews to confirm adherence to performance and risk standards.

Requirements

Undergraduate Degree (4 years or equivalent) Business, Finance or related field
10+ Years experience in credit/lending
Ability to analyze complex financial data and draw sound conclusions regarding creditworthiness.
Skilled in making timely and well-informed credit decisions, often under pressure.
High level of accuracy in reviewing financials, legal documents, and credit reports.
Clear, concise communication of credit recommendations, risk factors, and policy exceptions to stakeholders.
Ability to work effectively with relationship managers, clients, and cross-functional teams.
Ability to identify problems proactively and develop practical, risk-conscious solutions.
Proficiency with credit scoring models, Microsoft Excel, financial modeling tools, and risk management software (e.g., Moody’s RiskCalc, S&P Capital IQ).
Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.

Nice To Haves

Master's Degree (or Postgraduate equivalent) Business, Finance or related field

Responsibilities

Prepare and review Flagstar Approval Memos, loan modifications, and portfolio reviews in collaboration with Relationship Managers, utilizing in-depth credit analysis, industry and company research to recommend appropriate credit structures, while ensuring full compliance with internal and external policies.
Review, approve, or decline credit requests; escalate recommendations to higher approval authorities as appropriate. Serve as a voting member on credit committees for loan approvals.
Monitor credit portfolios and lead credit risk review activities to ensure ongoing risk management and compliance with performance standards.
Assist in the development of loan-level strategies and oversee asset management reporting efforts.
Contribute to identifying portfolio trends and support the development of strategies for effective portfolio management.
Actively participate in weekly deal screening meetings to evaluate new opportunities and ensure alignment with credit risk appetite.
Ensure compliance with all applicable federal, state, and local regulations, completing required compliance training and maintaining up-to-date knowledge of Flagstar’s internal policies and evolving regulatory requirements.
Foster collaboration with lines of business to develop and refine credit policies and procedures.
Attend client meetings and conduct on-site project visits as needed to better understand borrower operations and project conditions.
Contribute to the development and monitoring of key risk indicators for the Bank.
Perform regular reviews of departmental reports to track portfolio performance and identify emerging risks.
Lead or contribute to special projects as assigned by management.
Collaborate with peer managers to share best practices, drive consistency, and enhance overall team performance.
Continuously improve templates, analytical tools, and procedures to enhance the credit analysis process.
Uses independent judgement and discretion to make decisions
Analyzes and resolves problems.
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.