Associate Group Director - job 2 of 2

There has never been a better time to join Flagstar Bank! On March 20, 2023, Flagstar Bank, N.A., the wholly owned subsidiary of New York Community Bancorp Inc., acquired substantially all of the deposits and certain loan portfolios of Signature Bridge Bank, N.A., which now operates as Flagstar.

With this transaction, Flagstar is now one of the largest commercial banks in the country, with a fortress-like balance sheet, strong liquidity, and excellent asset quality metrics. The regulatory approval of the acquisition clearly reflects the strength of the combined institution. Our clients continue to be serviced by their Private Client Group in the same client-centric single-point-of-contact strategy that Signature Bank was known for over the last two decades.

Our employees remain a critical foundation of our organization, with enhanced opportunities for career development, while participating in top-tier benefits plans. Apply today for immediate consideration below!

What you should know about the Associate Group Director -VP role:

Serves as relationship manager for credit related matters, working closely with Group Director –SVP and Lenders on underwriting and credit analysis

In this role, your primary responsibilities will include:

• Works closely with Group Director – SVP and Lenders to coordinate management of the existing credit portfolio of diversified industries and new credit opportunities.
• Performs detailed analysis of client’s financial status and credit to determine feasibility of granting loans and works with Lender for verification and recommendation.
• Prepares Credit Offering Memos (COMs) and presents to Lender for review.
• Reviews financial reports submitted by clients to monitor compliance.
• Engages outside counsel for preparation of loan documentation and review said documents.
• Obtains required documentation from client prior to closing and facilitate loan closing.
• Provides ongoing relationship servicing with current clients.
• Coordinates and assists team with any operational related issues.

To be successful, your background should match these qualifications:

• High school diploma or general education degree (GED) and one to two years of related experience
• Minimum 7 years in a financial institution (required)
• Minimum 5 years middle market loan portfolio experience- at leading money center bank (or equivalent institution) required
• MS Office Proficient
• Formal Credit Training highly desired
• Proficient in analyzing financial statements, cash flow analysis, financial ratios
• Commercial lending & credit analysis (required)
• Federal banking regulations; commercial lending policies, procedures, practices, techniques
• Prior sales experience a plus
• Interpersonal, client service, communications
• Strong relationship management skills
• Business development

Compensation:
Flagstar Bank, N.A. offers a base salary in this position with a range of $80,525- $165,000, dependent on qualifications and experience. In addition, there may be an annual bonus plan that is paid based on merit and performance in the role.

For those candidates applying to locations in San Francisco: Flagstar Bank, N.A. will consider for employment qualified applicants with criminal histories consistent with San Francisco Fair Chance Ordinance and federal laws applicable to Flagstar Bank, N.A.

We are an Equal Opportunity Employer.