Associate/Senior Associate, Underwriting, Real Estate Finance

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 Senior Associate, Underwriting, Real Estate Finance, 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 Relationship Managers with underwriting to help the Bank achieve real estate origination goals while simultaneously maintaining acceptable credit quality and return targets.

• Assist Relationship Managers with: (1) Commercial real estate financial modeling and analysis; (2) Preliminary screening of prospective financing opportunities; (3) Evaluating financing requests to determine credit quality of opportunities
• Identify and assess key risks associated with a property’s financial performance, local market dynamics, and other variables that should be considered in determining a property’s risk profile
• Assess the guarantor's financial position to determine the quality of this additional credit support
• Perform market research to understand 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
• Review the proposed loan structure to determine if it is appropriate to sufficiently mitigate and manage risk
• Make independent recommendations regarding credit risk supported by comprehensive analysis
• Communicate effectively and interact with all levels of management
• Communicate with all Relationship Managers, Team Leaders, and related departments
• Assist with loan portfolio management and monitoring
• Perform other duties as assigned

• Bachelor's Degree from a 4-year accredited institution required
• 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
• Outstanding quantitative and qualitative analytical skills
• Strong knowledge of finance and accounting
• Ability to work under pressure on multiple projects in parallel while still meeting deadlines
• An ability to synthesize information from various sources and comprehend multiple, distinct points of views on any given topic
• Demonstrated experience in financial modeling for sophisticated commercial real estate deals that vary in size and complexity
• Strong oral and written communications skills with the ability to express ideas in a persuasive, organized, and articulate manner
• Highly motivated business professional, able to thrive in small team environment
• Extensive and strong knowledge of Excel, to include financial modeling and CoStar
• 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. $70,000 (entry level qualifications) to $95,000 (highly experienced).

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

• Walk, stoop down, crouch, kneel or bend over

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.