Associate​/Senior Associate, Underwriting, Real Estate Finance; LA

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. 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, fast-paced organization with an exciting growth trajectory, meaningful mission, and embedded responsible practices. We offer a culture of collaboration, inclusion, flexibility, recognition, and giving back. We hire individuals who are passionate about our mission, customer and results-oriented, innovative, adaptable, and thoughtful.

COMPANY MISSION: We are a mission-driven institution that operates a well-capitalized, liquid, profitable bank using best practices to manage risk and ensure regulatory compliance. We help our clients succeed and contribute to building a brighter future.

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 achieving real estate origination goals while 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, including market research to identify trends impacting property and the competitive environment. Determine demand and supply impacts on 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 credit support, if any.
• Ensure loan documentation and credit files are timely updated and maintained in the Bank’s internal document retention system in accordance with internal procedures and banking guidelines.
• Facilitate loan closings ensuring that legal documentation, third-party due diligence, and internal processing requirements are completed 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.
• Proficiency with Microsoft Office tools (Outlook, Word, PowerPoint, Excel).
• Excellent verbal, written, and interpersonal communication skills.
• Strong organizational skills and attention to detail.
• Outstanding problem-solving and time management skills.
• Self-motivated, self-directed, and results-oriented; adaptable and able to multitask in a fast-paced environment.
• Ability to work independently and within a team; solution-oriented with a collaborative approach.
• Outstanding quantitative and qualitative analytical skills; strong knowledge of finance and accounting.
• Ability to work under pressure on multiple projects in parallel while meeting deadlines.
• Ability to synthesize information from various sources and understand multiple viewpoints.
• Experience in financial modeling for sophisticated commercial real estate deals of varying size and complexity.
• Proficiency with CoStar.

The pay range for this position is below. The specific rate will…