COMPANY DESCRIPTION: Forbright is a nationwide full-service bank and lender helping accelerate the transition to a sustainable and low-carbon economy. Headquartered in Chevy Chase, Maryland, Forbright is committed to accelerating the transition to a sustainable economy by financing visionary leader in clean energy, healthcare, technology, financial services, real estate, and other industries with extraordinary service.
COMPANY CULTURE: We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible environmental, social, and governance practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back. We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.
COMPANY MISSION: We are a mission-driven institution. We operate a sound dynamic institution that is well capitalized, liquid, profitable and uses best practices to manage risk and assure compliance with laws and regulations. We use Forbright’s capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a more sustainable future.
JOB SUMMARY: The VP/Director, Underwriting, Real Estate Finance, underwrites and execute all new loan opportunities within a high-volume lending environment. This position screens, underwrites, and structures new loan opportunities, creates credit memos, manages the loan closing process, and works with asset management on portfolio post-closing.
\n- Assist in all aspects of origination activity leading to the closing of new transactions
- Evaluate financing requests to determine credit quality of opportunities and appropriate loan structures
- Conduct diligence and underwriting on new loan opportunities, ensuring that the loan/facility meets the Bank’s credit policy/guideline
- Ensure business terms and structure are accurately captured in loan structure and documentation: Legal documentation for loans including participation agreements, loan agreements, and ancillary legal docs; Varying loan structures and related inter-creditor issues; Different commercial real estate product types
- Identify specific merits, risks, and mitigates for each transaction
- Ensure loan documentation and credit files are timely updated and maintained in the Bank’s internal document retention system in compliance with internal procedures and banking guidelines
- Facilitate loan closings ensuring that legal documentation, 3rd parties/due diligence, and internal processing requirements are completed and processed per credit policy
- Work directly with the prospective borrower to gather information and diligence materials, while maintaining strong working relationships with the key contacts
- Maintain detailed financial models and develop sensitivity analyses
- Perform market, industry, and sponsor due diligence
- Collaborate with Portfolio Management on modifications, extensions, risk ratings, and other asset management issues
- Perform other duties as assigned
- Supervise assigned employees by organizing and monitoring work progress
- Maintain staff by recruiting, selecting, orienting, and training employees
- Manage performance of employees through development, coaching, and counseling
- Bachelor’s Degree required
- 7+ years of experience in underwriting and managing credit risk within Commercial Real Estate and/or Lending required
- Highly motivated business professional, able to thrive in small-team environment
- Extensive knowledge of Excel, Argus, CoStar, and REIS
- Strong oral and written communication skills
- Outstanding organizational, problem-solving, and time management skills
The pay range for this position is below. The specific rate will depend on the successful candidate’s qualifications and prior experience. A minimum of $150,000, negotiable with higher experience.
POSITION REQUIREMENTS: We are committed to creating an inclusive workplace where all employees are capable of performing their job position. Work is primarily conducted in an office setting while certain positions may allow for remote work through the use of technology at management discretion. The functions described below are representative of those to successfully perform duties of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. While performing duties of this job, the employee may be regularly required for extended periods of time to:
• Remain in a stationary position
• Use hands and fingers
• Utilize a computer monitor with visual acuity
• Operate technology or other office machinery such as printers, scanners, etc.
• Communicate clearly verbally and/or in writing with others
ADDITIONAL DUTIES: For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description.
PERKS/BENEFITS:
• Comprehensive health, dental, and vision plans
• 4 weeks PTO
• 401k + company match
• Metro SmartTrip benefits ($50/mo)
• Remote or hybrid work schedules for most positions
• Bonuses for purchasing solar panels, electric vehicles, biking to work, etc.
• Paid subscriptions to Veterans Compost, Imperfect Foods, and more!
• Best Workplaces for Commuters 2023 & 2024 winner
• The Washington Post Top Workplaces 2023 & 2024 winner
• American Banker Best Banks to Work For 2023 winner
It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.
