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 AVP/Vice President, Portfolio Management, Lender Finance, is responsible for managing credit risk for the Lender Finance portfolio at Forbright Bank. This position monitors loan performance, identifies potential issues, and minimizes the risk of loss for the Bank. The primary responsibility is to manage and oversee the portfolio management of assigned loans and investments originated by the Lender Finance team. The Portfolio Managers works with the Lender Finance team to ensure the portfolio of loans and investments are being closely monitored and all portfolio management actions are being undertaken as required. The AVP/Vice President also contributes to portfolio reporting requirements to ensure accurate and timely portfolio reports are prepared
DUTIES AND RESPONSIBILITIES:
- Monitor operating performance, financial condition, and credit risk for assigned borrowers to proactively identify issues and resolve problems in a timely effective manner
- Act as a primary daily point of contact with assigned borrowers to ensure compliance with loan agreements and monitor borrowers’ performance levels
- Oversee daily needs of borrowers to ensure borrower funding requests are fulfilled
- Analyze borrowing bases on revolving loans and draw requests on delayed draw term loans
- Create, prepare, and update loan tracking information reports to be shared with and analyzed by the Lender Finance team and executive team of the Bank
- Effectively communicate identified credit risks and recommended actions to the Lender Finance managing directors
- Ensure that required borrower reporting received on a timely basis
- Perform financial analysis on reporting provided by borrowers, tracking trends, and developments which may impact loan performance
- Complete the risk rating, criticized asset management, and review processes for assigned borrowers
- Ensure loan documentation and credit files for assigned loans are updated and maintained in a timely fashion in the Bank's internal document retention system, in compliance with internal procedures and banking guidelines
- Complete special projects and other duties on an as needed basis
QUALIFICATIONS:
- Bachelor's Degree from a 4-year accredited institution required
- Minimum of 6-8 years (AVP) or 8-12 years (VP) of lending, credit risk management or portfolio management experience with a commercial finance company or bank required
- Acute attention to detail with the ability to think critically and independently
- Comfortable with quickly raising potential, material issues and negative trend to the Specialty Lending management team as soon as identified
- Willingness to learn how to read and interpret loan and legal documentation
- Well-developed organizational skills, including the ability to multi-task and prioritize work, with priorities changing throughout the week
- Exceptional attitude and commitment to teamwork
- Strong quantitative analytical skills, with a willingness to learn analysis techniques and methods
- Excellent written and verbal communication and interpersonal skills, including casually socializing with others on customary video/phone calls
- Understanding of accounting and finance matters with a willingness to learn additional topics relevant to Specialty Finance
- High proficiency with Excel and other Microsoft Office products
- Travel: 20% travel to clients and internal portfolio meetings required as needed (1-2 multi-day trip a month)
The pay range for this position is below. The specific rate will depend on the successful candidate’s qualifications and prior experience. $120,000 (entry level qualifications) to $175,000 (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
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.
Top Skills
What We Do
Forbright Bank (www.forbrightbank.com) is a full-service bank, commercial lender, and asset manager committed to accelerating the transition to a sustainable, clean energy economy. As the need to build a more sustainable, low-carbon economic system grows increasingly urgent, we are dedicating half of our assets to financing the companies, investors, and innovators driving that change. We also will empower our depositors to directly fund clean energy and sustainability-oriented loans through a variety of decarbonization linked deposit products, allowing them to play a critical role in furthering the energy transition.
Member FDIC | Equal Housing Lender | NMLS #652644
