Flagstar Financial & Leasing – Managing Underwriter, VP Position Available In Nassau, New York

Flagstar Financial & Leasing•Managing Underwriter, VP at Flagstar Bank, N.A.
Flagstar Financial & Leasing•Managing Underwriter, VP at Flagstar Bank, N.A. in Hicksville, New York
Posted in General Business 9 days ago.

Type:

Full-Time

Job Description:

Position Title
Flagstar Financial & Leasing•Managing Underwriter, VP
Location
Hicksville, NY 11801
Job Summary
Responsible for underwriting and risk assessment ofmercial lease and loan transactions by preparing underwriting analysis and transactions, and approve transactions within assigned credit authority

Pay Range:

$117,185•$155,270•$193,355

Pay Range:

Local Minimum Wage•$0.00•$0.00

Job Responsibilities:

Preparation ofprehensive Credit Offering Memoranda covering key aspects of financial and credit risk elements, obligor credit profile, etc., including determination of dual risk rating. May prepare annual reviews. Communicates with internal or external sources to request specific information required for analysis
Has and uses credit authority, including reviewing and approving junior level credit actions as permitted with Flagstar Financial & Leasing Equipment Policy. Will be final approver for those transactions within respective credit authority
Mentors and assists junior underwriting staff, as appropriate
Reviewing transaction terms and conditions of exposures that are generally in excess of $5MM and can range to upwards of $50MM; are larger or moreplex in their nature Reviewing the strength and experience of new and existing obligors
Preparing financial statement spreads in CreditLens and reviewing the adequacy of supporting financial information and the need to obtain additional and/or more current financial data
Make rmendations to an equal or senior level underwriting position for final disposition of transactions outside of credit authority Reviewingpliance with Bank and FFL policies
Reviewing key financial results, ratios and transaction structure elements including the adequacy of the debt service coverage and loan to value Identifying any of other missing information or inquiries for credit decisioning
Directs and oversees underwriters workflow and assignments to ensure timely turnaround and use of personnel
Assist with departmental duties as directed by their supervisor
May manage business line underwriting group, as may be assigned, including recruiting, training,pliance, etc.

Required Qualifications:

Education level required: Undergraduate Degree (4 years or equivalent) with a concentration in Accounting and/or Finance preferred
Minimum 8-10 years foundational experience
Credit analysis and financial statement analysis experience required.
Prior credit authority
Prior experience approving credits and managing the underwriting process of junior staff preferred
High proficiency in analyzing financial statements, cash flow and financial ratio analysis required
Moody’s Risk Analyst/CreditLens Software a plus
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 aprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank
Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable.