Position Title
Credit Products Analyst 1Location
New York, NY 10018Job Summary
The Credit Analyst assists Senior Lenders in all matters involving loans and credits.Pay Range: $62,676 - $70,258 - $79,484Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
- Spreads and analyzes financial statements and other credit information. Monthly track and spread advance formulas for borrowing base lines of credit.
- May interact directly with clients and prospects on financial matters related to the respective credits.
- Drafts and prepares underwriting analysis and credit offering memorandums (COM’s).
- Interacts frequently with Senior Lenders, Group Directors and Lending Operations on credits in the Bank's loan portfolio.
- Assists in preparing files for internal and external audits.
- Assists in monitoring Matured and Maturing Reports.
- Orders and reviews LexisNexis reports and UCC filings.
- Assists in monitoring performance of each credit by calculating financial covenant compliance and downloading loan history from ACBS.
Requirements
- High school diploma or general education degree (GED)
- Accounting or Finance experience preferred
- Minimum 1 year: commercial/credit related experience (exposure to financial statements, commercial loans, etc.)
- Experience with Moody's Credit Lens Spread System
- Strong written communication and analytical skills
- Proficient: Microsoft Word & Excel
- Strong work ethic
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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
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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.
