Position Title
Operations Specialist II - Asset Based Finance
Location
New York, NY 10018
Job Summary
The Operations Specialist II - Asset Based Finance serves as a key contributor in the daily monitoring, processing, and servicing of asset-based lending (ABL) accounts. This role is responsible for ensuring the accuracy of client-reported collateral data, performing reconciliations, preparing loan advances, and providing high-quality service to both internal and external stakeholders. The Specialist acts as a liaison between clients, portfolio managers, and back-office teams to support loan funding and reporting activities, while identifying potential operational risks or inconsistencies. The position requires a strong foundation in ABL processes, sound analytical skills, and the ability to work independently with minimal supervision.
Job Responsibilities:
Collateral Monitoring and Data Management: Review, enter, and validate client-submitted collateral reports in the Stucky system, including accounts receivable, inventory, and other secured assets. Investigate anomalies and work with clients and team members to resolve discrepancies.
Advance Preparation and Loan Processing Requests: Prepare and process daily client advance requests by validating borrowing base data, calculating availability, and presenting recommendations to senior staff for approval. Ensure advances are properly posted and reconciled. Process and reconcile loan related invoices.
Client and Stakeholder Communication: Serve as a point of contact for clients on operational matters, including loan inquiries, collateral submissions, and system access. Collaborate with portfolio managers and the Commercial Loan Operations team to ensure seamless client servicing.
Loan Reconciliation and Calculation: Perform daily and month-end reconciliations between client-reported data, internal systems (Stucky, Commercial Loan System), and general ledger entries. Accurately calculate interest, fees, and other loan-related metrics.
Operational Support and Risk Mitigation: Assist with reviewing internal control reports and identifying operational issues. Recommend process improvements to enhance accuracy, efficiency, and compliance.
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.
Required Qualifications:
Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent
Minimum experience required: 2+ Years of experience in ABL operations, commercial lending, loan servicing, or a financial services environment.
Job Competencies:
In-depth knowledge of ABL collateral types and lending operations.
Experience using ABL monitoring software (e.g., Stucky).
Strong reconciliation, analytical, and organizational skills.
Ability to interpret and apply financial concepts related to borrowing base structures.
High attention to detail with the ability to prioritize multiple tasks.
Strong interpersonal and communication skills.
Proficiency in Microsoft Excel, Word, and Outlook; familiarity with ACBS and Salesforce a plus.
Physical demands (ADA): No unusual physical exertion is involved.
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
$26.37 - $40.30
On December 1, 2022, New York Community Bank (NYCB) and Flagstar Bank joined together to become one company. Today, New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The company is headquartered in Hicksville, New York.
At June 30, 2024, the company had assets of $119.1 billion. We operate over 400 branches across 10 states, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and on the West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators.
We believe in cultivating a diverse, inclusive, and respectful workplace that engages employees, broadens perspectives, and encourages teamwork. We hire people who represent the talents, experiences, backgrounds, and diversity of the communities we serve. Together our goal is to deliver a new energy in banking to our customers, opening new doors for financial and personal success. Customers will have access to a broad spectrum of technology, products and services—all with a shared customer-first approach. Relationships are at the center of all that we do, enhanced by our commitment to delivering local market expertise, personalized solutions, and a long-standing focus on strengthening our communities. Follow us on LinkedIn to stay up to date on news and updates, new hires, community initiatives, access to our collective insights, and banking industry updates that you need to know..