Underwriting Officer Senior-Flagstar Financial & Leasing - Military Veterans
at Flagstar
Job Description Summary:
The Senior Underwriting Officer is responsible for underwriting and risk assessment of commercial lease and loan transactions by preparing underwriting analysis and transactions, and approve transactions within assigned credit authority.
Pay Range: $84,878 - $112,463 - $140,049
Job Description:
Prepares of comprehensive Credit Offering Memoranda covering key aspects of financial and credit risk elements, obligor credit profile, etc., including determination of dual risk rating. Communicates with internal or external sources to request specific information required for analysis, as directed by the Managing Underwriter.
Has and uses credit authority, including reviewing and approving junior level credit actions as permitted with Bank’s Equipment Policy.
Reviews key financial results, ratios and transaction structure elements including the adequacy of the debt service coverage and loan to value. Identifies any of other missing information or inquiries for credit decisioning.
Reviews compliance with Bank policies.
Prepares financial statement spreads and reviews the adequacy of supporting financial information and the need to obtain additional and/or more current financial data.
Makes recommendations to an equal or senior level underwriting position for final disposition of transactions outside of credit authority.
Reviews transaction terms and conditions of exposures generally up to $10,000,000. Reviews the strength and experience of new and existing obligors.
Mentors and assists junior underwriting staff, as appropriate.
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.
Required Qualifications:
Education level required: Undergraduate Degree (4 years or equivalent) with a concentration in Accounting and/or Finance preferred
Minimum experience required: 5+ Years of underwriting with prior credit authority preferred.
Credit analysis and financial statement analysis experience required.
Job Competencies:
High proficiency in analyzing financial statements, cash flow and financial ratio analysis.
Knowledge of Moody’s Risk Analyst/CreditLens Software a plus.
Strong written and verbal communications.
PC literate with working knowledge of MS Office Word, Outlook and database management skills.
Excellent analytical and assessment skills and a strong attention to detail.
Excellent interpersonal and team development skills.
Physical demands (ADA): No unusual physical exertion is involved.
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.
Hicksville, NY
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.