• Job Description

  Req#: 36757

  Description

  Did you know?

  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 Business Development Officer, VP role:

  The Business development Officer, VP is an experienced Asset Based Lender to originate new loans, utilizing sponsors, intermediary relationships and through direct calling approach.

  In this role, your primary responsibilities will include:

  • Prospect and develop new ABL finance client relationships.
  • Establishes new intermediary and sponsor relationships for the ABL team.
  • Assist Underwriting by gathering information, suggesting structure and setting up meetings with prospects.
  • Manages the existing client relationships from a sales perspective for future needs.
  • Assists Underwriting in COM and DSM process by evaluating all aspects of potential transactions including financial position of clients and transaction structure.
  • Collaborates with Underwriting and Portfolio Managment in legal documentations teams of new clients.
  • Develop strong external and internal relationships.

  To be successful, your background should match these qualifications:

  • Minimum 5 years of experience in Asset Based finance in a similar role.
  • Bachelor's (BA, BS, BBA<>
  • Strong knowledge of Asset Based pricing and deal structure.
  • Extensive bank and non-bank intermediary contacts, equity sponsor and cold-calling ability
  • Ability to understand financial / credit policies, review financial statements and structure credit facilities of targeted clients.
  • Client service oriented with strong interpersonal skills, excellent communication, presentation and negotiation skills a must.
  • Determined with ability to bounce back from rejection.
  • Proficiency in MS Word, Excel, and Outlook

  Compensation:

  Flagstar Bank offers a base salary in this position with a range of $140,900 - $200,000 dependent on qualifications and experience. In addition, there is 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 will consider for employment qualified applicants with criminal histories consistent with San Francisco Fair Chance Ordinance and federal laws applicable to Flagstar Bank.

  View available Careers with Flagstar at www.signatureny.com/careers

  We are an Equal Opportunity Employer.

  First Time Applicants

  If interested, please submit your resume online. This is the fastest and most reliable way to be considered for any of our positions. Incomplete applications or those missing required information will not be considered.

  * Current Employees – Do NOT use this site. Please apply via the Workday login page or contact Human Resources - Staffing if you have questions.

• About the company

  Signature Bank is a New York-based full-service commercial bank with 36 private client offices throughout the New York, Connecticut, California, and North Carolina.

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