Associate/Senior Associate, Underwriting, Real Estate Finance

United States·Chevy ChaseFull Timesenior

OtherAssociateReal

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Overview

COMPANY DESCRIPTION: Forbright is a nationwide full-service bank and commercial lender focused on helping to build a brighter future for our clients and the communities we serve.

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COMPANY DESCRIPTION: Forbright is a nationwide full-service bank and commercial lender focused on helping to build a brighter future for our clients and the communities we serve. Forbright is committed to exceptional client service by providing seamless, innovative personal banking services to depositors and creative financing solutions to visionary middle market businesses and investors in healthcare, technology, financial services, real estate, and other industries.

COMPANY CULTURE: We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible 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 brighter future.

JOB SUMMARY: The Senior Associate is part of the team underwriting and originating Commercial Real Estate finance products at Forbright Bank. This role is responsible for assisting the Real Estate Finance Managing Directors and Directors (the “Originator(s)”) with underwriting lending opportunities and achieve real estate origination goals while simultaneously maintaining acceptable credit quality and return targets.

Assist Originators with:

Commercial real estate financial modeling and analysis

Preliminary screening of prospective financing opportunities

Evaluating financing requests to determine credit quality of opportunities

Maintain detailed financial models and develop sensitivity analyses

Perform market, industry, and sponsor due diligence. Market research to include trends that impact a property and the competitive environment that it operates in. Determine demand and supply impacts on property vacancy, rent growth, capitalization rates, and property value

Gather information and diligence materials including appraisals, environmental reports, and property physical inspections. Assess the guarantor's financial position to determine the quality of this additional credit support, if any

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

Assist with Portfolio Management, as needed, on modifications, extensions, risk ratings, and other asset management issues

Communicate effectively and interact with all levels of management and other departments

Perform other duties as assigned

Associate’s Degree required; Bachelor’s Degree preferred

Minimum of 4 years of commercial real estate financial modeling experience with a bank, real estate development/operating company, real estate private equity firm, commercial real estate brokerage operations, or commercial finance company required