Special Assets Analyst

Flagstar Bank•Hicksville, NY

About The Position

The Special Assets Analyst supports the Special Assets team in the day-to-day management of distressed commercial real estate/multifamily loans and/or C&I loans, including reporting and litigation matters. The role works with Special Assets Team Leads and Officers to preserve principal and prevent charge-offs while maintaining compliance with applicable policies, procedures, and lending regulations. The analyst conducts research and financial analysis, supports the development and monitoring of workout strategies, and prepares detailed credit approval memoranda. The role also reviews loan bookings and collateral positions, maintains team records, and interacts with borrowers, advisors, and internal and outside counsel.

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, preferably at an OCC-regulated institution.
Excellent knowledge of and ability to interpret loan documentation.
Computer literacy and proficiency in Word and Excel.
Excellent verbal and written communication skills.
Strong organizational skills and ability to multitask.
Attention to detail 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, proactive collaboration, and use of cross-functional insights.
Ability to build trusted internal or external client relationships by identifying needs and delivering tailored solutions.

Nice To Haves

Familiarity with various loan databases.

Responsibilities

Conduct market research and analysis to assist Special Assets Officers and Team Leads in remediating classified commercial real estate/multifamily loans and/or C&I loans.
Re-underwrite actionable credits, focusing on borrower liquidity and cash flow sustainability, causes of underperformance, corrective actions, and prospects for recovery.
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, including financial analysis, relationship overviews, 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 and outside counsel.
Perform special projects and additional duties and responsibilities as assigned.
Adhere to regulatory and compliance policies and standards and complete required compliance training.
Maintain compliance with applicable federal, state, and local laws and regulations.