Credit Products Analyst 1

Flagstar Bank • New York, NY

111d • $55,672 - $89,075

About The Position

The Commercial Credit Analyst I is an entry-level role designed to develop foundational experience in commercial credit risk and lending. This position supports Credit Products Specialists in underwriting and monitoring commercial loans across various business segments within Commercial & Private Banking. The Analyst will develop essential skills in financial statement analysis, risk assessment, and loan structuring while ensuring compliance with bank policies and regulations.

Requirements

• Undergraduate Degree (4 years or equivalent) in finance, accounting, economics, or a related discipline.
• Minimum experience required: 1+ Years.
• Basic understanding of financial statements and credit risk fundamentals.
• Ability to interpret financial data, identify trends, and assess risk factors.
• Ensures accuracy in financial analysis and reporting.
• Capable of handling multiple tasks while meeting deadlines.
• Works effectively with internal teams; strong verbal and written communication skills.
• Proficient in Microsoft Excel (spreadsheets, basic financial modeling), Word, and PowerPoint.
• Willingness to develop expertise in commercial lending and credit risk.

Responsibilities

• Spread financial statements and assess trends.
• Generate risk ratings and accompanying analyses.
• Track and review covenant compliance and borrowing base reports.
• Conduct annual and periodic portfolio reviews.
• Perform ongoing credit due diligence.
• Assist Credit Products Specialists in structuring new loans and modifications.
• Support the preparation of credit approval memoranda.
• Prepare market and collateral analysis.
• Order and review due diligence reports (e.g., appraisals, environmental reports, credit reports).
• Participate in credit training programs.
• Attend deal screen meetings to gain exposure to credit decision-making.
• Engage in mentoring opportunities with senior team members.
• Assist with updating credit policies and procedures.
• Develop efficiencies in credit analysis workflows.
• Support ad hoc projects as needed.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Comprehensive leave program

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree