Special Assets Officer, VP

Flagstar Bank

Special Assets Officer managing a portfolio of C&I and commercial real estate loans. Collaborating with team leads to prevent charge-offs and ensure compliance in Hicksville, NY.

Posted 4/17/2026full-timeHicksville • New York • 🇺🇸 United StatesLead💰 $136,000 - $158,000 per yearWebsite

About the role

Key responsibilities & impact

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 reviews 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 borrower 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.
Performs special projects, and additional duties and responsibilities as required.

Requirements

What you’ll need

High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent, required
Minimum experience required: 5+ Years within the Workout/Special Assets field, preferably at an OCC regulated institution.
Familiarity with various loan databases.
Education level: Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field preferred.
7+ years of relevant work experience preferred.
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.

Benefits

Comp & perks

medical
dental
vision
life insurance
disability insurance
comprehensive leave program

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

financial analysismathematical calculationsloan documentationcharge-off processingportfolio managementreconciliationreal estate documentation interpretationreal estate policies and procedureslending laws

Soft Skills

verbal communicationwritten communicationorganizational skillsmultitaskingdetail orientedprioritizationindependence

Certifications

High School DiplomaUndergraduate Degree in Business Administration or Finance