Credit Product Specialist Sr.
Flagstar Bank
Houston, TX
$117,185 - $193,355 a year
Description
Position Title
Credit Product Specialist Sr.Location
Job Summary
Pay Range: $117,185 - $155,270 - $193,355
Job Responsibilities:
- Maintaining borrower reporting requirements and testing (or pre-testing) covenant compliance once loans are closed.
- Ensure the portfolio administration and risk management of each client relationship is in compliance with established credit policy, procedure and business strategy as well as commercial and regulatory guidelines.
- Analyzing loans for approval, renewal, modification or extension.
- Facilitating the preparation of credit underwriting through analysis of historical and year to date financial statements, inventory reports, historical sales and closing reports, subdivision-market analysis, project absorption analysis, etc.
- Evaluate tangible net worth, liquidity, leverage, historical profitability (gross and net margins), trends and conducting a breakeven analysis.
- Ordering appraisals, requesting third party reviews and correspondence with legal counsel.
- Ensure compliance with applicable federal, state and local laws and regulations. Complete all required compliance training. Maintain knowledge of and adhere to Flagstar's internal compliance policies and procedures. Take responsibility to keep up to date with changing regulations and policies.
Job Requirements:
- Bachelor’s Degree in Finance or Business-related field is required
- A minimum of 3-5 years previous experience in banking with commercial real estate or home builder lending portfolio management experience or equivalent Real Estate financing or development experience
- Previous knowledge of underwriting and structuring builder lines and acquisition & development loans
- Strong analytical skills
- Strong computer skills
- Ability to work with a team and independently
- Completion of a formal credit training program a plus
- Demonstrated ability to spread, review and analyze financial statements
- Knowledge of residential construction lending and acquisition & development loans relative to homebuilding companies and their operations, or other commercial real estate related experience
- Proficient use of Microsoft office products including Word and Excel
- Excellent verbal and written communication skills
- Attention to details
- Solid analytic and problem resolution skills needed
Flagstar is an Equal Opportunity Employer
Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information:
Benefits | Flagstar Bank
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