Credit Analyst 2 (Commercial Real Estate)
Company: Flagstar Bank
Location: Troy
Posted on: January 23, 2023
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Job Description:
The position is the first stepping stone in the commercial
training program designed to provide the experience and tools
necessary to grow within the professional environment of commercial
lending and credit risk. The Analyst will support Portfolio
Managers and Credit Officers within Commercial Credit Risk, which
works with multiple business segments including C&I, CRE,
Regional Business Banking, BBG, Warehouse, Treasury, and TPO.
Essential functions include: --- Spreading financial statements and
assessing the client's compliance with financial covenants ---
Complete analysis and review of new loan request packages to
identify credit issues and recommend appropriate loan structure ---
Prepare periodic reviews and analysis of existing commercial
relationships focusing on a company's leverage, key risk factors,
repayment sources, cash flow and ability to service debt ---
Ordering due diligence reports (Appraisals, Environmental, Credit
Reports, OFAC and Lexis Nexis) as needed --- Monitoring and
tracking financial reporting requirements --- Assembling
market/industry data into monthly reports for distribution to
Credit staff --- Creating/Updating procedures to assist with cross
training among business segments --- Special projects as
neededMonitoring of Existing Commercial Loans
Examples of duties and responsibilities under this component
include but are not limited to the following functions:Spread
financial statements and identify concerning trends Pull and review
exception reports and work with the Portfolio Manager and
Relationship Manager to clear exceptions Track the receipt of
financial information (statements, borrowing base certificates,
leases, guarantor information, covenants, etc) and validate
compliance with the credit agreement Prepare periodic reviews and
analysis of existing commercial relationships focusing on a
company's leverage, key risk factors, repayment sources, cash flow
and ability to service debt Perform private Investor Reviews for
Warehouse Assemble market/industry data into reports distributed to
credit personnel Make recommendations on risk rating
appropriateness of credits
Writing of New Loan Request Packages
Examples of duties and responsibilities under this component
include but are not limited to the following functions:Prepare
Flagstar Approval Memos or Modifications to evaluate and determine
appropriate credit structure and terms for potential borrowers
focusing on a company's leverage, key risk factors, repayment
sources, cash flow and ability to service debt Order due diligence
reports Spread financial statements and identify concerning trends
Obtain market/industry data to compare against the prospect's
performance metrics/trends
Professional Development
Examples of duties and responsibilities under this component
include but are not limited to the following functions:The position
is the first stepping stone in the commercial training program
designed to provide the experience and tools necessary to grow
within the professional environment of commercial lending and
credit risk. The program will include the following professional
development duties:Complete credit specific training courses on an
ongoing basis as required by manager Attend routine meetings which
will include presentations geared towards teaching the fundamentals
of Credit Analysis Attend mock review meetings to enhance
analytical, presentation, critical thinking and decisioning skills
Attend credit, sales and deal screen meetings to learn bank's
customer appetite
Special Projects
Examples of duties and responsibilities under this component
include but are not limited to the following functions:
Job Requirements:
Length of experience, increased knowledge base and level of
analytical skills differentiate the levels.
Internal Use Only: Band H and G
Keywords: Flagstar Bank, Troy , Credit Analyst 2 (Commercial Real Estate), Accounting, Auditing , Troy, Michigan
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