Divisional CFO - CRE - Banking Industry

Position Title

Divisional CFO – CRE – Banking Industry

New York, NY 10018

This key senior leadership position leads the Finance and MIS functions within one of Flagstar’s Lines of Business (LOB) – CRE. The Divisional CFO leads a team of dedicated finance and business intelligence professionals who engage with the President of the LOB and their senior leadership team on the strategic direction of the LOB, playing an active role in leading the business while liaising with the Executive Team.

The role is accountable for building and continually improving internally crafted driver-based forecasting, revenue and capacity models to provide deeper insight into efficiency, costs, profitability, and accountability. It supports strategic and tactical decision making, ensures consistent measurement of business performance aligned with corporate profitability, and creates recommendations to optimize LOB business plans. The Divisional CFO supports IT and the LOB in development and execution of its data architecture strategy, and manages a high‑performing team.

• Collaborate with business and executive leadership on forward‑looking scenario analysis, alternate strategy evaluation, and ad hoc analyses.
• Direct and coach a dedicated team of finance and business intelligence professionals.
• Prepare regular forecast updates and liaise between corporate and business forecast process needs.
• Collaborate with business leadership and IT to drive strategic vision; develop budget and monthly forecasts for LOB(s).
• Design and deliver financial and performance analytics in various forums (e.g., ALCO, BUR, Strategic Project Approval and Review Committee, New Product Committee).
• Lead and oversee build of account and/or relationship level profitability models along product, customer, and delivery channel dimensions.
• Perform talent management functions including employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.
• Perform additional duties and special projects as required.

• Education level required:
  Undergraduate Degree (4 years or equivalent) in Finance, Accounting, or related.
• Minimum experience required: 12+ years in banking with at least 5 years spent leading a Mortgage/Banking Finance, Treasury or Capital Markets function.
• Preferred Qualifications:
  
  Master’s Degree (or Postgraduate equivalent) in Finance, Accounting, or related.

• Comprehensive understanding of accounting principles.
• Extensive experience with planning and budgeting processes.
• Proven history of serving as an analytically‑minded thought leader.
• Dynamic leader with strong communication skills and the ability to partner with business and executive leadership.
• Skilled at thought‑leadership, bringing ideas, innovation, and process improvement strategy with a business growth focus.
• Strong analytical capabilities and exceptional financial modeling and analysis skills.
• Excellent collaborative and leadership skills.
• Outstanding oral and written communication skills, direct and credible.
• Ability to build partnerships to facilitate clear communication and quick decisive action.
• Excellent computer skills, specifically Microsoft Office.
• Prior experience with financial management and reporting systems (e.g., People Soft, Hyperion, Workday).
• Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross‑functional insights.
• Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
• Fosters a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.

Limited, up to 10%.

No unusual physical exertion is involved.

Pay Range: $ - $

Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Benefits | Flagstar Bank

Flagstar is an Equal Opportunity Employer. We are committed to providing clear and accurate compensation information in accordance with applicable laws. Equal Opportunity Employer For more Information:  Member FDIC/Equal Housing Lender.