Loan Workout, Special Assets Analyst – Commercial Real Estate

Flagstar Bank

Commercial real estate loan workout analyst supporting Flagstar Bank’s distressed commercial real estate and multifamily loan recovery. Re-underwriting credits, modeling restructuring alternatives, and preparing credit approval memos.

Posted 8/11/2026full-timeNew York City • New York • 🇺🇸 United StatesMid-LevelSenior💰 $67,759 - $106,505 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates strong financial analysis skills and the ability to interpret loan documentation while effectively managing stakeholder relationships. Proficient in developing financial models and executing workout strategies in compliance with regulatory standards.

Highest-signal resume keywords

Financial AnalysisLoan Workout ExperienceStakeholder Relationship ManagementMicrosoft Excel ProficiencyRegulatory Compliance

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Market ResearchCredit Re-UnderwritingFinancial ModelingLoan ModificationCash Flow AnalysisCollateral AssessmentRisk EvaluationLoan Documentation InterpretationCompliance TrainingLoan Database Familiarity

Soft Skills

Verbal CommunicationWritten CommunicationOrganizational SkillsMultitaskingDetail-Oriented

Tools & Technologies

Microsoft Word

Industry Keywords

Special AssetsCommercial Real EstateMultifamily LoansOCC-Regulated InstitutionWorkout Strategies

About the role

Key responsibilities & impact

Conduct market research and analysis to assist Special Assets Officers and Team Leads in remediating classified commercial real estate and multifamily loans
Re-underwrite actionable credits, focusing on borrower liquidity, cash flow sustainability, underperformance drivers, corrective actions, and recovery prospects
Develop, maintain, and update financial models and analyses for restructuring, loan modification, and other recovery alternatives
Support the development, execution, and monitoring of workout strategies
Act as a liaison with internal and external stakeholders when needed
Prepare detailed credit approval memos covering financial analysis, relationship overview, cash flow analysis, collateral assessments, and risk evaluations
Review internal loan bookings and collateral positions
Maintain team files and records
Interact with borrowers, advisors, and internal and outside counsel
Perform special projects and additional duties as required
Complete required compliance training and maintain compliance with applicable policies, standards, and laws

Requirements

What you’ll need

Undergraduate degree (4 years or equivalent) in Business Administration, Finance, or a related field
4+ years of experience within the Loan Workout/Special Assets field, preferably at an OCC-regulated institution
Familiarity with various loan databases preferred
Excellent knowledge of and ability to interpret loan documentation
Computer literacy with proficiency in Microsoft Word and Excel
Excellent verbal and written communication skills
Excellent organizational skills and ability to multitask
Detail-oriented with ability to prioritize workload in a fast-paced environment
Ability to work independently and collaborate effectively in a team environment
Strong financial analysis skills
Ability to build and maintain effective stakeholder relationships
Ability to comply with regulatory, compliance, federal, state, and local requirements

Benefits

Comp & perks

Medical insurance
Dental insurance
Vision insurance
Life insurance
Disability insurance
Comprehensive leave program
Variable incentives, bonuses, commissions, or other awards may be included in total compensation