Special Assets Analyst - Commercial Real Estate

Flagstar Bank•New York, NY

34d•$67,759 - $106,505•Onsite

About The Position

The Special Assets Analyst supports the Special Assets team in the day-to-day management of distressed commercial real estate and multifamily loans, and/or commercial and industrial (C&I) loans. The role also supports reporting and litigation matters, collaborating with Special Assets Team Leads and Officers to preserve principal and prevent charge-offs. The analyst maintains compliance with policies, procedures, and lending regulations. The position involves researching and analyzing markets, re-underwriting actionable credits, developing and updating financial models, and supporting the development and monitoring of workout strategies. The analyst prepares detailed credit approval memoranda, reviews loan bookings and collateral positions, maintains team files and records, and interacts with borrowers, advisors, and internal bank or outside counsel. Additional projects and duties may be assigned.

Requirements

Undergraduate degree (four years or equivalent) in Business Administration, Finance, or a related field.
At least 4 years of experience in the Loan Workout/Special Assets field.
Excellent knowledge of and ability to interpret loan documentation.
Computer literacy and proficiency in Microsoft Word and Excel.
Excellent verbal and written communication skills.
Excellent organizational skills and ability to multitask.
Detail orientation and ability to prioritize workload in a fast-paced environment.
Ability to work independently and collaborate effectively in a team environment.
Strong financial analysis skills.
Ability to build and maintain effective stakeholder relationships through clear communication and proactive collaboration.
Ability to build trusted internal or external client relationships by identifying needs and delivering tailored solutions.

Nice To Haves

Experience at an OCC-regulated institution.
Familiarity with various loan databases.

Responsibilities

Conduct market research and analysis to assist in remediating classified commercial real estate/multifamily loans and/or C&I loans.
Re-underwrite actionable credits, focusing on borrower liquidity, cash flow sustainability, causes of underperformance, corrective actions, and recovery prospects.
Develop, maintain, and update financial models and analyses to evaluate restructuring, loan modification, and other recovery alternatives.
Support Special Assets Officers and Team Leads in developing, executing, and monitoring workout strategies.
Act as a liaison for internal and external stakeholders when needed.
Prepare timely, detailed credit approval memoranda covering financial analysis, relationship overview, cash flow analysis, collateral assessments, and risk evaluations.
Review internal loan bookings and collateral positions.
Maintain team files and records.
Interact with borrowers, advisors, and internal bank or outside counsel.
Perform special projects and additional duties as required.
Adhere to regulatory and compliance policies and standards, complete required compliance training, and maintain compliance with applicable laws and regulations.