Senior Operations Specialist- Asset Based Finance

Flagstar Bank

5d • $80,939 - $116,049

About The Position

The Senior Operations Specialist– Asset Based Finance serves as a senior resource within the ABL Operations team, acting as a key partner to the ABL Operations Lead in the coordination, execution, and oversight of day-to-day functions. This role is responsible for ensuring the accuracy and timeliness of collateral reporting, loan activity processing, and reconciliation across systems (Stucky, ACBS, Bank GL). The Sr Analyst supports process improvement initiatives, assists with system maintenance and reporting, and acts as a mentor and escalation point for junior team members.

Requirements

• 6+ Years in Asset-Based Lending operations, including experience with collateral monitoring, loan servicing, and system reconciliation.
• Proficient in ABL operations, borrowing base preparation, and collateral monitoring concepts.
• Experience with Stucky ABL monitoring software.
• Advanced proficiency with Excel; strong analytical and reconciliation skills.
• Solid understanding of loan structures, interest and fee calculations, and GL reconciliation.
• Strong organizational and problem-solving skills; able to manage competing priorities.
• Excellent communication and interpersonal skills; capable of working effectively with internal and external stakeholders.

Responsibilities

• Operational Execution and Oversight Perform and oversee complex borrowing base reconciliations and loan servicing transactions.
• Review and reconcile client-reported collateral against internal systems (Stucky, ACBS (LOS), Bank GL); investigate and resolve discrepancies.
• Ensure timely and accurate processing of loan advances, interest, and fee calculations.
• Perform and oversee invoice transactions and reconciliation.
• Team Coordination & Support Act as a daily resource for Operations team members; provide guidance on complex cases and assist with task prioritization as needed.
• Serve as a first-line escalation point for operational questions and issues.
• Assist with onboarding and training of new team members; help reinforce adherence to procedures and control standards.
• Client and Internal Stakeholder Interaction Interact directly with ABL clients on routine questions and escalated matters related to collateral reporting or loan activity.
• Collaborate with Portfolio Managers and Credit Officers to support client funding, exceptions, and reporting.
• Support the Operations Specialist Lead -Asset Based Finance in preparing and presenting operational updates to senior leadership.
• System & Process Support Assist in maintaining and enhancing the Stucky ABL monitoring platform; test system updates and ensure data integrity.
• Identify opportunities for process improvement and contribute to initiatives that enhance accuracy, efficiency, and automation.
• Maintain documentation for standard procedures and workflows.
• Reporting & Compliance Assist in preparing month-end and ad hoc reports for senior management and Accounting.
• Monitor team compliance with operational controls and regulatory requirements; ensure completion of required 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.

Benefits

• Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 501-1,000 employees