Operations Specialist II - Asset Based Finance

Flagstar Bank•New York, NY

11d•$26 - $40•Onsite

About The Position

The Operations Specialist II - Asset Based Finance serves as a key contributor in the daily monitoring, processing, and servicing of asset-based lending (ABL) accounts. This role is responsible for ensuring the accuracy of client-reported collateral data, performing reconciliations, preparing loan advances, and providing high-quality service to both internal and external stakeholders. The Specialist acts as a liaison between clients, portfolio managers, and back-office teams to support loan funding and reporting activities, while identifying potential operational risks or inconsistencies. The position requires a strong foundation in ABL processes, sound analytical skills, and the ability to work independently with minimal supervision.

Requirements

High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent
2+ Years of experience in ABL operations, commercial lending, loan servicing, or a financial services environment.
In-depth knowledge of ABL collateral types and lending operations.
Experience using ABL monitoring software (e.g., Stucky).
Strong reconciliation, analytical, and organizational skills.
Ability to interpret and apply financial concepts related to borrowing base structures.
High attention to detail with the ability to prioritize multiple tasks.
Strong interpersonal and communication skills.
Proficiency in Microsoft Excel, Word, and Outlook

Nice To Haves

familiarity with ACBS and Salesforce a plus.

Responsibilities

Review, enter, and validate client-submitted collateral reports in the Stucky system, including accounts receivable, inventory, and other secured assets. Investigate anomalies and work with clients and team members to resolve discrepancies.
Prepare and process daily client advance requests by validating borrowing base data, calculating availability, and presenting recommendations to senior staff for approval. Ensure advances are properly posted and reconciled. Process and reconcile loan related invoices.
Serve as a point of contact for clients on operational matters, including loan inquiries, collateral submissions, and system access. Collaborate with portfolio managers and the Commercial Loan Operations team to ensure seamless client servicing.
Perform daily and month-end reconciliations between client-reported data, internal systems (Stucky, Commercial Loan System), and general ledger entries. Accurately calculate interest, fees, and other loan-related metrics.
Assist with reviewing internal control reports and identifying operational issues. Recommend process improvements to enhance accuracy, efficiency, and compliance. 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.