Senior Business Development Officer - Asset Based Finance

Flagstar Bank•New York, NY

2d•$153,924 - $238,360•Onsite

About The Position

The Senior Asset Based Finance Business Development Officer originates new asset-based clients. Develops relationships (both internally and externally) that yield new clients in the future. Represent the Bank in the ABL Market.

Requirements

Minimum experience required: 8+ Years in Asset Based Lending including 2+ years as a Business Development Officer, an underwriter or portfolio manager
Asset Based Lending.
Requires strong written communication and analytical skills.
Ability to communicate effectively with prospects, intermediaries and other internal and external stakeholders.
Ability to evaluate financial and collateral trends
Demonstrates a strong ability to build and maintain effective relationships with internal 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

Bachelor’s degree preferred in Accounting, Finance, Economics.
Undergraduate Degree (4 years or equivalent) in Accounting, Finance, Economics or equivalent work experience if applicable.
Bank Credit Training or Field Exam experience.
Moody’s Risk Analyst Spread System or similar spreading tools

Responsibilities

Search and find new ABL opportunities from external sources (direct, intermediary, equity sponsors).
Search and find new ABL opportunities from internal sources within the Bank (RM’s, Private Bank, Equipment finance, Sponsor, Healthcare and other specialized industries).
Process and lead new business through internal credit approval process and documentation.
Build franchise value for the bank by attending conferences and events.
Help cross-sell bank products including deposits, banking products and capital markets fees.
Uses independent judgement and discretion to make early “first look” credit decisions.
Analyzes and resolves problems pertaining to process and structure of new ABL loans.
May be responsible for talent management functions including: staff development/training.
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.