Position Title
Credit Products Manager
Location
Nationwide, MI 48098
Job Summary
The Manager of Credit Products - Specialized supports first-line credit underwriting and portfolio management within the assigned specialized vertical, ensuring compliance with the bank’s risk appetite and policies. This role supervises a team of underwriters and credit analysts, overseeing risk grading, loan evaluation, and portfolio monitoring to maintain credit quality. Using data-driven insights and portfolio analytics, the Manager identifies potential risks and trends, escalating key findings and recommendations to senior leadership. Collaborating with sales, risk, and credit teams, this role helps implement credit strategies, streamline underwriting processes, and support responsible growth. With a focus on operational efficiency, regulatory compliance, and team development, the Manager plays a critical role in maintaining a strong and well-managed credit portfolio.
Job Responsibilities:
Manages, advises, and provides support to Commercial Underwriters, Commercial Portfolio Managers, and Commercial Credit Analysts, fostering a collaborative and high-performing team.
Executes on the strategic priorities set by the Head of Credit Products, Line of Business leaders, Credit Products Senior Director and 2nd and 3rd Line Risk partners to ensure alignment with enterprise goals.
Oversees the quality and consistency of underwriting and portfolio management outputs, ensuring adherence to credit policies, risk appetite, and regulatory standards.
ADDITIONAL ACCOUNTABILITIES
Minimum experience required: 10+ Years of 1st line of defense credit underwriting, portfolio management, and risk management experience within the Financial Industry including credit strategy and credit analytics.
3+ years of experience in the direct specialized line of business (Specialized commercial industries, capital markets, corporate commercial banking, etc.)
Experience and expertise in credit bureaus, credit decision engines, credit and cash flow modeling for underwriting and portfolio management decisions, income/identity verification and loss forecasting.
Preferred Qualifications:
Proficient in credit bureaus, credit decision engines, underwriting models, and portfolio management strategies, with practical experience in income/identity verification and risk assessments.
Effective at managing multiple priorities, meeting deadlines, and executing tasks efficiently in a fast-paced, dynamic environment.
Flagstar is an Equal Opportunity Employer
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
$123,243.00 - $204,783.00
Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable.
