Credit Products Analyst I

Flagstar Bank • New York, NY

2d • $47,007 - $79,484

About The Position

The Commercial Credit Analyst I is an entry-level role designed to develop foundational experience in commercial credit risk and lending. The position supports Credit Products Specialists in underwriting and monitoring commercial loans across various business segments within Commercial & Private Banking. The Analyst develops skills in financial statement analysis, risk assessment, and loan structuring while ensuring compliance with bank policies and regulations. Key areas include financial statement analysis, risk rating generation, credit due diligence, portfolio monitoring, preparation of credit approval memoranda, and market analysis.

Requirements

• Undergraduate degree (4 years or equivalent) in Finance, Accounting, Economics, or a related discipline.
• At least 1 year of experience.
• Basic understanding of financial statements and credit risk fundamentals.
• Ability to interpret financial data, identify trends, and assess risk factors.
• Attention to detail and accuracy in financial analysis and reporting.
• Ability to handle multiple tasks while meeting deadlines.
• Ability to work effectively with internal teams, with strong verbal and written communication skills.
• Proficiency in Microsoft Excel, including spreadsheets and basic financial modeling, Word, and PowerPoint.
• Willingness to develop expertise in commercial lending and credit risk.
• Ability to build and maintain effective stakeholder relationships through clear communication, proactive collaboration, and cross-functional insights.
• Ability to build trusted internal or external client relationships by identifying needs and delivering tailored solutions.
• Ability to foster or support a positive work culture and productive work environment.

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, including appraisals, environmental reports, and 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.
• Use independent judgment and discretion to make decisions.
• Analyze and resolve problems.
• Perform special projects and additional duties and responsibilities as required.
• Adhere to regulatory and compliance policies and standards, complete required compliance training, and maintain compliance with applicable federal, state, and local laws and regulations.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Comprehensive leave program
• Variable incentives, bonuses, commissions, or other awards may be included in total compensation.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level