Special Assets Officer

Special Assets Officer page is loaded## Special Assets Officerlocations: Troy/5151 Corporate Drive/112300: New York/1400 Broadway/114025time type: Full timeposted on: Posted Todayjob requisition id: 19765**Position Title**Special Assets Officer**Location**Troy, MI 48098**Job Summary**The Special Assets Officer manages a portfolio of Classified C&I and commercial real estate/multifamily loans and assists with reporting and litigation matters. Collaborates/works with Special Assets Team Leads and Officers while supporting efforts to preserve principal and prevent charge-offs. Maintains compliance with policy, procedure and lending regulations.**Job Responsibilities:****JOB RESPONSIBILITIES*** Manages a portfolio of loans while coordinating and preparing required documentation for approvals. Updates Loan Workout database for new loan transfers.* Ensures charge-off documentation matches internal records and review’s mathematical explanation provided by loan officers. Compiles summary report of all charge-off forms for approval and upon approval, distributes appropriate documentation for individual loan charge-off processing.* Compiles information for loan approval memos including financial analysis, relationship summaries and collateral overview.* Verifies that recovery funds are posted to correct general ledger accounts while managing reconciliation of legal expense on participation loans.* Responsible for all aspects of portfolio including back office, loan balances, etc.* Orders appraisal updates by coordinating borrow financial information and collateral descriptions.* Interacts with Sr. Management and loan officers to compile charge-off forecast and validates charge-off amounts to be submitted for approval.**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: Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field.* Minimum experience required: 5+ Years within the Workout/Special Assets field, preferably at an OCC regulated institution.* Familiarity with various loan databases.**Preferred Qualifications:*** 7+ years of relevant work experience preferred.**Job Competencies:*** Strong knowledge of and ability to interpret real estate documentation.* Strong knowledge of real estate policies, procedures and related lending laws.* Computer literate with proficiency in Word and Excel.* Excellent verbal and written communication skills.* Excellent organizational skills with ability to multitask.* Detail oriented and ability to prioritize workload.* Ability to work independently.* Ability to perform mathematical calculations.* Physical demands (ADA): No unusual physical exertion is involved.**Flagstar is an Equal Opportunity Employer**We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. 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:Pay Range$102,717.00 - $158,469.00locations: 2 Locationstime type: Full timeposted on: Posted Yesterday #J-18808-Ljbffr Flagstar Bank