Senior Underwriting Officer

April 3

🗽 New York – Remote

Although this job is listed in New York, this company may be open to hiring remote in other states.

💵 $84.9k - $140k / year

⏰ Full Time

🟠 Senior

💸 Financial Planning and Analysis

🦅 H1B Visa Sponsor

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Flagstar Bank

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Flagstar Bank is a diversified commercial bank focused on building relationships to help clients on their financial journeys, whether for personal or business needs. The bank offers a wide range of financial services including personal and business banking, loans, mortgages, wealth management, and investment services. Flagstar is committed to community involvement and meeting the banking needs of diverse neighborhoods, including low- and moderate-income areas, while promoting diversity, equity, and inclusion within its operations.

Mortgage • Commercial Banking • Personal Financial Services • Government Banking • Small Business Banking

5001 - 10000 employees

🏦 Banking

💸 Finance

🏠 Real Estate

📋 Description

• The Senior Underwriting Officer is responsible for underwriting and risk assessment of commercial lease and loan transactions. • Prepares comprehensive Credit Offering Memoranda covering key aspects of financial and credit risk elements, obligor credit profile, etc. • Communicates with internal or external sources to request specific information required for analysis. • Reviews compliance with Bank policies. • Prepares financial statement spreads and reviews the adequacy of supporting financial information. • Makes recommendations to an equal or senior level underwriting position for final disposition of transactions outside of credit authority. • Reviews transaction terms and conditions of exposures generally up to $10,000,000.

🎯 Requirements

• Undergraduate Degree (4 years or equivalent) with a concentration in Accounting and/or Finance preferred. • 5+ Years of underwriting with prior credit authority preferred. • Credit analysis and financial statement analysis experience required. • High proficiency in analyzing financial statements, cash flow and financial ratio analysis. • Knowledge of Moody’s Risk Analyst/CreditLens Software a plus. • Strong written and verbal communications. • PC literate with working knowledge of MS Office Word, Outlook and database management skills. • Excellent analytical and assessment skills and a strong attention to detail. • Excellent interpersonal and team development skills.