Credit Officer Sr - Equipment Finance

Flagstar Bank•Troy, MI

4d•Remote

About The Position

The Senior Credit Officer – Equipment Finance is a professional responsible for managing credit risk assessment for the Equipment Finance business line. This position exists to ensure prudent credit decisions, maintain asset quality, and drive profitability while adhering to all regulatory requirements and internal credit policies. The role requires deep expertise in equipment finance lending, credit analysis, and risk mitigation strategies to support the growth and stability of the Equipment Finance portfolio.

Requirements

High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent
10+ Years experience in credit/lending.
Advanced ability to analyze financial statements, assess creditworthiness, evaluate collateral value, and identify credit risks specific to equipment finance.
Deep knowledge of equipment finance products, lease structures, residual values, and equipment-specific credit considerations.
Uses independent judgment and discretion to make sound credit decisions within established authority limits; demonstrates ability to analyze complex credit situations and resolve problems.
Ability to influence at all levels of the organization; proven track record of managing and developing credit and underwriting staff.
Strong understanding of lending regulations, fair lending practices, and ability to ensure portfolio compliance with regulatory standards.
Excellent spoken and written communication skills; ability to clearly articulate credit analysis and recommendations to internal stakeholders and regulators.
Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross-functional insights.
Excellent analytical and problem-solving abilities; ability to develop solutions to credit and portfolio challenges.
Extensive knowledge of equipment finance market, pricing, structure, and credit trends; ability to provide valuable insights on market activity.
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.
Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.

Nice To Haves

Undergraduate Degree (4 years or equivalent)

Responsibilities

Lead credit approval process for equipment finance transactions, including financial analysis, collateral evaluation, and credit structuring within established authority limits.
Assess and evaluate credit risk for new and existing equipment finance customers, utilizing industry knowledge and financial acumen to make sound credit decisions.
Develop and maintain credit policies and procedures specific to the Equipment Finance line of business to ensure consistency and compliance with regulatory standards.
Monitor and manage the Equipment Finance portfolio performance, including early identification of problem credits and implementation of remedial action plans.
Serve as credit authority for equipment finance deals with limits as determined by senior management and regulatory guidelines.
Conduct detailed financial analysis of borrowers, including cash flow analysis, industry trends, and equipment value assessments to support credit decisions.
Collaborate with business development and sales teams to provide credit guidance on pricing, structure, and terms for equipment finance transactions.
Prepare and present credit analysis, portfolio performance metrics, and risk assessments to senior management and regulators as needed.
Mentor and develop underwriting and credit support staff; manage performance reviews, workflow, and employee relations.
Maintain compliance with all applicable federal, state, and local regulations, including fair lending laws and regulatory examination requirements.
Participate in meetings with regulators to provide subject matter expertise on equipment finance credit practices and portfolio performance.
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 training.
Accountable to maintain compliance with applicable federal, state and local laws and regulations.