Credit Products Specialist I - ESOP Finance

Flagstar Bank•New York, NY

4d•$83,426 - $136,922•Onsite

About The Position

The Credit Products Specialist I - ESOP Finance supports the underwriting, structuring, and management of commercial credit relationships. This role exists to provide critical financial analysis, assist in risk assessment, and ensure sound credit decision-making. As a key partner to Relationship Managers (RMs), this position helps structure new loan transactions, conduct portfolio monitoring, and identify potential risks. The role provides foundational credit expertise and exposure to client relationships, supporting the bank’s commitment to responsible lending and portfolio growth. Candidate would be joining the newly established ESOP Finance Group, which is involved in ESOP-related leveraged buyouts of privately held companies throughout the United States. This group is a strategic priority for the Bank as ESOP-related financing is expected to grow significantly over the next 5 to 10 years.

Requirements

Undergraduate Degree (4 years or equivalent) in Finance, Accounting, Economics, or a related field or 5+ years of equivalent experience
2+ Years in credit underwriting, portfolio management, or a related field.
Strong financial analysis and risk assessment abilities.
Basic understanding of loan structuring and credit agreements.
Proficiency in financial modeling and credit decision tools.
Effective communication and teamwork skills.
Strong foundational understanding of financial statements, key ratios, and credit analysis principles.
Ability to assess financial data, identify trends, and evaluate borrower creditworthiness.
Ensures accuracy in financial analysis, credit packages, and risk assessments.
Works effectively with RMs, credit officers, and other stakeholders; strong written and verbal communication skills.
Ability to manage multiple loan requests, meet deadlines, and prioritize tasks effectively.
Intermediate Excel skills (financial modeling, pivot tables, VLOOKUP), familiarity with credit analysis software.
Willingness to develop credit expertise, stay informed on industry trends, and apply new knowledge to underwriting and portfolio management.
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.

Responsibilities

Assist RMs in analyzing financial statements, assessing borrower creditworthiness, and preparing credit approval packages.
Monitor financial trends, covenant compliance, and borrowing bases to identify potential credit risks and recommend actions.
Work alongside sales and credit teams to structure deals, address underwriting inquiries, and support client needs.
Act as a mentor to analysts, sharing expertise in financial analysis, credit structuring, and risk assessment.
Stay informed on market trends, credit policies, and risk mitigation techniques to strengthen expertise in commercial lending.
Uses independent judgement and discretion to make decisions regarding assigned portfolio
Analyzes and resolves problems pertaining to the assigned portfolio.
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.