Position TitleSpecial Assets Officer, VPLocationNew York, NY 10018Pay Range136-158KJob SummaryThis is an onsite position in Hicksville, NY or Midtown NYC.Job ResponsibilitiesManages a portfolio of loans while coordinating and preparing required documentation for approvals. Updates Loan Workout database for new loan transfers.Ensures charge-off documentation matches internal records and review's mathematical explanation provided by loan officers. Compiles summary report of all charge-off forms for approval and distributes appropriate documentation for individual loan charge‑off processing.Compiles information for loan approval memos including financial analysis, relationship summaries and collateral overview.Verifies that recovery funds are posted to correct general ledger accounts while managing reconciliation of legal expense on participation loans.Responsible for all aspects of portfolio including back office, loan balances, etc.Orders appraisal updates by coordinating borrower's financial information and collateral descriptions.Interacts with Sr. Management and loan officers to compile charge‑off forecast and validates charge‑off amounts to be submitted for approval.Additional AccountabilitiesPerforms 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.Job RequirementsRequired QualificationsHigh School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent, requiredMinimum experience required: 5+ Years within the Workout/Special Assets field, preferably at an OCC regulated institution.Familiarity with various loan databases.Preferred QualificationsEducation level: Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field.7+ years of relevant work experience preferred.Job CompetenciesStrong knowledge of and ability to interpret real estate documentation.Strong knowledge of real estate policies, procedures and related lending laws.Computer literate with proficiency in Word and Excel.Excellent verbal and written communication skills.Excellent organizational skills with ability to multitask.Detail oriented and ability to prioritize workload.Ability to work independently.Ability to perform mathematical calculations.Physical demands (ADA): No unusual physical exertion is involved.Equal Opportunity EmployerFlagstar is an Equal Opportunity EmployerWe are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non‑discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program.Pay Range: $102,717.00 - $158,469.00#J-18808-Ljbffr
On December 1, 2022, New York Community Bank (NYCB) and Flagstar Bank joined together to become one company. Today, New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The company is headquartered in Hicksville, New York.
At June 30, 2024, the company had assets of $119.1 billion. We operate over 400 branches across 10 states, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and on the West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators.
We believe in cultivating a diverse, inclusive, and respectful workplace that engages employees, broadens perspectives, and encourages teamwork. We hire people who represent the talents, experiences, backgrounds, and diversity of the communities we serve. Together our goal is to deliver a new energy in banking to our customers, opening new doors for financial and personal success. Customers will have access to a broad spectrum of technology, products and services—all with a shared customer-first approach. Relationships are at the center of all that we do, enhanced by our commitment to delivering local market expertise, personalized solutions, and a long-standing focus on strengthening our communities. Follow us on LinkedIn to stay up to date on news and updates, new hires, community initiatives, access to our collective insights, and banking industry updates that you need to know..