Special Assets Officer

Position Title Special Assets Officer Location Hicksville, NY 11801 Job Summary JOB SUMMARY The Special Assets Officer manages a portfolio of Classified C&I and commercial real estate/multifamily loans and assists with reporting and litigation matters. Collaborates/works with Special Assets Team Leads and Officers while supporting efforts to preserve principal and prevent charge-offs. Maintains compliance with policy, procedure and lending regulations. Pay Range: Local Minimum Wage - $0.00 - $0.00 Job Responsibilities: 5 Manages 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 upon approval, 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. Evaluates payoff information from servicing to confirm integrity for litigation and expense reconciliation from Collections. Coordinates with carious internal departments including Customer Service, Collections, Insurance and Appraisal. Orders appraisal updates by coordinating borrow 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 ACCOUNTABILITIES Performs 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 REQUIREMENTS Required Qualifications: Education level required: Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field Minimum experience required: 5+ Years within the Workout/Special Assets field, preferably at an OCC regulated institution Familiarity with various loan databases Preferred Qualifications: Education level preferred: Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field 7+ years of relevant work experience preferred. Who We Are Flagstar Bank is a diversified consumer and commercial bank grounded in building relationships to meet clients where they are on their financial journeys. Our History Our parent company, New York Community Bancorp, Inc., is based in Hicksville, NY, and has $116.3 billion in assets, $85.6 billion in loans, $81.4 billion in deposits, and $10.8 billion in total stockholder equity. We are a leading regional bank with 420 banking branches, 134 private client banking teams, wholesale lending via approximately 3,000 third-party originators, retail mortgage lending, multifamily lending, mortgage servicing, and subservicing. We?re also the second largest mortgage warehouse lender nationally based on total commitments. Flagstar has strong footholds in the Northeast and Midwest and exposure to high-growth markets in the Southeast and West Coast. What We Do We are driven by our commitment to partner with our clients to set and reach goals together, helping them to take charge and thrive. Equal Opportunity Employer For more information: flagstar.com/eeoc Member FDIC/Equal Housing Lender

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