Senior Operations Specialist- Asset Based Finance

## About the Role The Senior Operations Specialist – Asset Based Finance plays a pivotal role in the ABL Operations team at Flagstar Bank. As a senior resource, this position involves overseeing day-to-day functions, ensuring the accuracy and timeliness of collateral reporting, loan activity processing, and reconciliation across various systems. The role is critical in supporting process improvement initiatives, system maintenance, and reporting, while also acting as a mentor and escalation point for junior team members.

The ideal candidate will have a deep understanding of asset-based lending operations, including borrowing base preparation and collateral monitoring. Experience with Stucky ABL monitoring software and advanced proficiency in Excel are essential for success in this position. The role requires strong analytical and reconciliation skills, as well as the ability to manage competing priorities and work effectively with internal and external stakeholders.

The Senior Operations Specialist will work closely with the ABL Operations Lead to coordinate and execute operational tasks, ensuring seamless collaboration within the team. The position involves interacting directly with ABL clients on routine questions and escalated matters related to collateral reporting or loan activity.

## What You Will Do - Perform and oversee complex borrowing base reconciliations and loan servicing transactions - Review and reconcile client-reported collateral against internal systems, investigating and resolving discrepancies - Ensure timely and accurate processing of loan advances, interest, and fee calculations - Oversee invoice transactions and reconciliation - Act as a daily resource for Operations team members, providing guidance on complex cases and assisting with task prioritization - Serve as a first-line escalation point for operational questions and issues - Assist with onboarding and training of new team members, reinforcing adherence to procedures and control standards - Interact directly with ABL clients on routine questions and escalated matters related to collateral reporting or loan activity - Collaborate with Portfolio Managers and Credit Officers to support client funding, exceptions, and reporting - Support the Operations Specialist Lead – Asset Based Finance in preparing and presenting operational updates to senior leadership - Assist in maintaining and enhancing the Stucky ABL monitoring platform, testing system updates, and ensuring data integrity - Identify opportunities for process improvement and contribute to initiatives that enhance accuracy, efficiency, and automation - Maintain documentation for standard procedures and workflows

## What We Are Looking For - High School Diploma or Equivalent - 6+ years of experience in Asset-Based Lending operations, including experience with collateral monitoring, loan servicing, and system reconciliation - Proficient in ABL operations, borrowing base preparation, and collateral monitoring concepts - Experience with Stucky ABL monitoring software - Advanced proficiency with Excel and strong analytical and reconciliation skills - Solid understanding of loan structures, interest and fee calculations, and GL reconciliation - Strong organizational and problem-solving skills, with the ability to manage competing priorities - Excellent communication and interpersonal skills, capable of working effectively with internal and external stakeholders

## Nice to Have - Experience with other ABL monitoring software - Certification in a related field, such as banking or finance - Professional experience in a similar role, with a proven track record of success - Advanced knowledge of regulatory and compliance policies and standards

## Benefits and Perks - Competitive salary - Comprehensive benefits package, including medical, dental, vision, life, and disability insurance - Access to a variety of leave programs, including paid time off and holidays - Opportunities for professional growth and development - Collaborative and dynamic work environment - Recognition and reward programs for outstanding performance - Flexible work arrangements, including remote work options

- Tip: Highlight your experience with asset-based lending operations and Stucky ABL monitoring software to stand out as a candidate.

• Ensure your Excel skills are advanced, as this is a critical requirement for the role.
• Develop a deep understanding of loan structures, interest and fee calculations, and GL reconciliation to demonstrate your expertise.
• Be prepared to provide examples of process improvement initiatives you've contributed to in previous roles.
• Showcase your ability to work effectively with internal and external stakeholders, including ABL clients, Portfolio Managers, and Credit Officers.
• Tailor your resume and cover letter to emphasize your experience in asset-based lending operations and your skills in Excel, system reconciliation, and loan servicing.