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Open nowPosted 9 days ago

Commercial Loan Operations Collections Associate

FLAGSTAR126 open roles

Pay
$23 – $36 an hour
Where
Hicksville/100 Duffy Avenue/3201
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Your applicationOpen nowCommercial Loan Operations Collections AssociateFLAGSTAR · Hicksville/100 Duffy Avenue/3201

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The clock on this job

Early applications get read.

9.8% of postings close within 7 days. Measured by our own scanner across the market. FLAGSTAR postings stay open a median of 7 days.

Share of postings closed within
  1. 1.9%1 day
  2. 3.9%3 days
  3. 9.8%7 days
  4. 15.5%14 days
  5. 33.7%30 days
This job: posted 9 days ago

FLAGSTAR median: 7 days open

The posting

Position Title

Commercial Loan Operations Collections Associate

Location

Hicksville, NY 11801

Job Summary

The Commercial Loan Operations Workout Associate is responsible for supporting the processing and servicing of problem loans by entering data, performing reconciliations, and coordinating with the special assets team.

Job Responsibilities:

  • Support the servicing and administration of distressed, defaulted, or non-performing commercial loans
  • Coordinate with Special Assets, Credit Risk, and Legal teams to ensure accurate and timely system updates for workout loans
  • Process modifications, forbearance agreements, extensions, restructures, and other non-standard loan actions in the servicing system
  • Review and interpret workout or legal documentation to ensure proper loan setup and compliance with terms
  • Track and monitor key loan milestones such as maturity dates, covenant breaches, and forbearance expirations
  • Generate and distribute reporting on delinquent loans, watchlist status, charge-offs, and recoveries
  • Maintain accurate and organized loan records and documentation related to problem loan resolutions
  • Assist with collateral monitoring, foreclosure actions, and asset disposition tracking where applicable
  • Ensure proper application of payments, accruals, and system coding for defaulted or impaired loans
  • Collaborate with internal departments to support timely and accurate loan resolution efforts

ADDITIONAL ACCOUNTABILITIES

  • Performs special projects, and additional duties and responsibilities as required.
  • Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

  • Education level required: HS Diploma, GED or Foreign Equivalent
  • Minimum experience required: 2+ Years experience in a large commercial bank or related financial institution.

Preferred Qualifications:

  • Education level preferred: Undergraduate Degree (4 years or equivalent) (Business, Finance, Accounting, or related field)
  • Basic understanding of Commercial Loan Servicing. Including knowledge of CRE, C&I, construction, or SBA loan products and familiarity with core loan servicing systems (e.g. ACBS, AFSVision, nCino, etc.)
  • Ability to review and interpret loan documents and translate terms into accurate system entries.

Job Competencies:

  • Basic understanding of loan documentation and servicing systems
  • Proficient in Microsoft Excel and Word.
  • Excellent organizational, analytical, and communication skills.
  • Strong interpersonal and communication skills, with a team-first mindset.

Flagstar is an Equal Opportunity Employer - Vets/Disabled

We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank

Pay Range

$22.83 - $36.27

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