Portfolio Manager, AVP - Remote - Military Veterans
at Flagstar
Job Description Summary:
A Portfolio Manager must be an analytical, organized, team-focused individual with good verbal and written communication skills. This individual will have several roles depending where needed which include 1) the assisting of a Sr Portfolio Manager in completing an in-depth analysis of complex Franchise Restaurant loan requests that have tight completion dates, 2) at times, will being responsible for the completion of smaller Franchise Restaurant loan requests, and 3) assist in the completion of required portfolio reports that include annual reviews, Leveraged Lending reports, quarterly monitor reports, and special projects as needed. Portfolio Managers work in a team environment with the Sr. Portfolio Managers, Borrowers, and closers. Primary responsibilities include underwriting, financial analysis, and form completion that will help maintain portfolio credit quality with appropriate risk ratings. The individual should display the willingness to learn the process, be flexible in assisting where needed, and work well with other teammates and Borrowers.
Pay Range: $84,878 - $112,436 - $140,049
Job Description:
Underwrite, Analyze and Close Loans: Working with the relationship manager, take a lead role in the structuring, underwriting and analysis of commercial loan requests. Prepare credit approval packages, present recommendations to the credit team/senior management, and close complex commercial loans.
Portfolio Management: Responsible for monitoring the credit quality of the assigned portfolio by periodically evaluating financial trends, covenant compliance and borrowing bases, including the preparation of annual (or more frequent) reviews. In addition, responsible for managing delinquencies and collateral exceptions.
Relationship Management: Highly visible role in managing the client relationship along with the deal team.
Training: Mentor, train and develop junior team members.
Maintaining Knowledge: Knowledgeable about the various commercial products available to clients as well as general market/industry trends.
Job Requirements:
5-8 years of experience
Handles transactions/relationships/portfolio with moderate level of complexity
Bachelor’s Degree: Business, Finance or related field
Must possess highly advanced credit analysis skills (prefer a candidate with formal credit training)
Demonstrated knowledge of financial statement analysis
Excellent interpersonal and verbal and written communication skills
Excels in a team environment
Ability to effectively interact with all levels of leadership and employees within the organization
Ability to work autonomously, handle multiple projects simultaneously and adapt to new demands and challenges
Familiarity with nCino, Credit Lens, AFS is a plus
Credit Analysis or Loan Review experience, preferably in the banking industry
Flagstar is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.
Troy, MI
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, with regional headquarters in Troy, Michigan. The combined company has assets of nearly $90 billion.
Together, we operate almost 390 branches across 10 states, including strong footholds in the Northeast and Midwest with exposure to high growth markets in the Southeast and on the West Coast. Its Flagstar Mortgage Division operates a national residential mortgage business through more than 80 retail home lending offices and a wholesale network of 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.