Job Information
Flagstar Bank, N.A. Credit Specialist - 15186 in Troy, Michigan
Position Title Credit Specialist
Location Headquarters-Troy, MI
Job Summary The Credit Specialist will support Portfolio Managers and Credit Officers within Commercial Credit Risk, which works with multiple business segments including C&I, CRE, Regional Business Banking, Warehouse, Treasury, and TPO. Essential functions include: Spreading financial statements Assessing the client's compliance with financial covenants Ordering due diligence reports (Appraisals, Environmental, Credit Reports, OFAC and Lexis Nexis) as needed Monitoring and tracking financial reporting requirements and daily in-box Assembling market/industry data into monthly reports for distribution to Credit staff Creating/Updating procedures to assist with cross training among business segments Special projects as needed such as daily counterparty report back-up
Job Responsibilities:
Examples of duties and responsibilities under this component include but are not limited to the following functions:
Spread financial statements and identify concerning trends Assessing the client's compliance with financial covenants Ordering due diligence reports (Appraisals, Environmental, Credit Reports, OFAC and Lexis Nexis) as needed Track the receipt of financial information (statements, borrowing base certificates, leases, guarantor information, covenants, etc) and validate compliance with the credit agreement and daily in-box Pull and review exception reports and work with the Portfolio Manager and Relationship Manager to clear exceptions Assemble market/industry data into reports distributed to credit personnel Creating/Updating procedures to assist with cross training among business segments Special projects as needed such as daily counterparty report back-up
REQUIRED LEVEL OF EDUCATION / SPECIALIZED TRAINING
HS Diploma, GED or Foreign Equivalent
CAREER PATH:
While not limited to the below outline a typical career path could include the following once a Bachelor's degree is obtained:
Credit Analyst I > Credit Analyst II > Portfolio Manager > Portfolio Manager II > Senior Portfolio Manager > Lead Portfolio Manager > Relationship Manager > Relationship Manager II > Relationship Manager III > Senior Relationship Manager > Credit Officer > Senior Credit Officer I > Chief Lending Officer or Chief Credit Officer
The position can also lead to other opportunities within Enterprise Risk Management or Community Banking such as a Relationship Manager
TRAVEL: travel is not typically required.
PHYSICAL DEMANDS (ADA):
No unusual physical exertion is involved.
STAR VALUES/CORE COMPETENCIES
The Star Values and Core Competencies are a very important part of our culture at Flagstar. Employees are expected to exhibit these behaviors while performing the duties of their jobs. Job Descriptions should be written with these qualities in mind.
Star Values
Service
The way we communicate with one another and our customers says a lot about Flagstar as a company. We choose to be engaged in our work and committed to helping each other, seeing challenges as inspirations rather than obstacles. We're compelled to do things right the first time-offering the same level of service we expect and appreciate in return.
Trust
We know our customers want substance-not lip service. We're committed to building a culture of mutual respect and transparency where our personal ethics, the caliber of our work, and the integrity we strive to uphold are without compromise.
Accountability
It's imperative that we live up to the commitments we make-to our work, to our customers, to each other. When we give our word, we commit ourselves to taking action. Standing behind what we say and do isn't an option; it's a way of life