Position Title
CRE Credit Products Underwriting Manager Sr.Location
Hicksville, NY 11801Job Summary
The Senior CRE Credit Products Underwriting Manager will lead the underwriting function within the Commercial Real Estate (CRE) team, with direct responsibility for key product categories including Loan-on-Loan Financing, Multifamily Lending, Bridge Lending, and Syndicated Loan Transactions. The Manager will oversee the Underwriting Unit ensuring high-quality credit analysis, regulatory compliance, and operational efficiency. In addition, this role will contribute to strategic initiatives and collaborate with both internal and external stakeholders.Pay Range: $140,622 - $186,324 - $232,026Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
JOB RESPONSIBILITIES
- Team Leadership & Development
- Manage, mentor and provide directions to CRE Credit Product Portfolio Managers and CRE Credit Analysts
- Oversee work quality, and performance evaluations while providing training and development opportunities.
- Manage team schedules, approve electronic timesheets, and ensure smooth administrative operations.
- Underwriting Oversight
- Collaborate with Origination and Credit teams in initial loan sizing.
- Lead risk assessment and loan structuring, identifying potential risks and recommending mitigants to ensure compliance with credit guidelines.
- Review and approve loan commitments, modifications, and Credit Approval Summaries.
- Underwrite complex loan transactions and participate in property site inspections with Lending Officers.
- Operational Excellence
- Ensure continuous improvement by maintaining and updating underwriting procedures and workflow templates.
- Prepare weekly/monthly reports on loan and modification activity for senior management.
- Act as the model owner for the Underwriting Cash Flow model, ensuring compliance with Model Risk Management standards.
- Address regulatory and internal audit inquiries while ensuring compliance with all requirements.
- Evaluate and recommend updates to underwriting policies and procedures as needed.
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: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent.
- Minimum experience required: 10+ Years of experience in Commercial Real Estate/Multifamily Mortgage Underwriting.
Preferred Qualifications:
- Education level preferred: Undergraduate Degree (4 years or equivalent) in Finance or Accounting or related field.
- Master's Degree (or Postgraduate equivalent) in Finance or Real Estate.
- At least 5 years of supervisory/managerial experience preferred.
Job Competencies:
- Proven experience in CRE underwriting and credit analysis.
- In-depth understanding of loan structures across multifamily, bridge, and syndicated products.
- Strong leadership with demonstrated ability to manage and develop teams.
- Excellent communication, interpersonal skills, and organizational skills.
- Familiarity with regulatory requirements and model risk management practices.
- Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
- Build trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
- Fosters or support a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.
- Physical demands (ADA): No unusual physical exertion is involved.
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 a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank
Top Skills
What We Do
Thank you for visiting Flagstar Bank on LinkedIn, and we look forward to being part of your financial journey. 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. At June 30, 2024, the company had assets of $119.1 billion. We operate over 400 branches across 10 states, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and on the West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 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. Follow us on LinkedIn to stay up to date on news and updates, new hires, community initiatives, access to our collective insights, and banking industry updates that you need to know.
