Associate/Senior Associate, Underwriting, Real Estate Finance (LA)
Forbright Bank, Los Angeles, California, United States, 90079
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.
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 achieving real estate origination goals while maintaining acceptable credit quality and return targets.
Duties and Responsibilities
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.
Qualifications
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.
Compensation The pay range for this position is below. The specific rate will depend on the successful candidate’s qualifications and prior experience. $110,000 (entry level qualifications) to $120,000 (highly experienced).
Position Requirements We are committed to creating an inclusive workplace where all employees can perform their job. Work is primarily in an office setting, with some roles allowing for remote work at management discretion. The functions described below are representative of those needed to perform the duties of this job. Reasonable accommodations may be made to enable employees to perform essential functions. While performing duties of this job, the employee may be regularly required to:
Remain in a stationary position
Use hands and fingers
Utilize a computer monitor with visual acuity
Operate technology or 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 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
Incentives for purchasing solar panels, electric vehicles, biking to work, etc.
Paid subscriptions to Veterans Compost, Capital Bikeshare, Imperfect Foods reimbursement, and more
Best Workplaces for Commuters 2023 & 2024 winner
The Washington Post Top Workplaces 2023, 2024, and 2025 winner
American Banker Best Banks to Work For 2023 winner
Core Principles
Excellence:
Excellence is a standard reflected in the precision of our work and the quality of our decisions.
People:
Our people are our greatest strength. We foster respect, inclusion, and ambition.
Innovation:
We invest boldly in technology to make banking and lending better, faster, and smarter.
Sound Practices:
We manage credit and risk with rigor, transparency, and compliance to ensure sustainable growth.
Distinct Value:
We focus on where we add value through insight, specialization, technology, and service.
Clients:
We advance our clients’ success through partnership, performance, and purpose.
Shareholders:
We create exceptional value for shareholders with prudent capital management and clear communication.
Communities and the Environment:
We invest in inclusive opportunity and environmental stewardship.
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. Employment with Forbright Bank is at-will, which means that either you or the Company may terminate the relationship at any time. By applying, you acknowledge that you have reviewed our CCAP Privacy Notice.
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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.
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 achieving real estate origination goals while maintaining acceptable credit quality and return targets.
Duties and Responsibilities
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.
Qualifications
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.
Compensation The pay range for this position is below. The specific rate will depend on the successful candidate’s qualifications and prior experience. $110,000 (entry level qualifications) to $120,000 (highly experienced).
Position Requirements We are committed to creating an inclusive workplace where all employees can perform their job. Work is primarily in an office setting, with some roles allowing for remote work at management discretion. The functions described below are representative of those needed to perform the duties of this job. Reasonable accommodations may be made to enable employees to perform essential functions. While performing duties of this job, the employee may be regularly required to:
Remain in a stationary position
Use hands and fingers
Utilize a computer monitor with visual acuity
Operate technology or 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 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
Incentives for purchasing solar panels, electric vehicles, biking to work, etc.
Paid subscriptions to Veterans Compost, Capital Bikeshare, Imperfect Foods reimbursement, and more
Best Workplaces for Commuters 2023 & 2024 winner
The Washington Post Top Workplaces 2023, 2024, and 2025 winner
American Banker Best Banks to Work For 2023 winner
Core Principles
Excellence:
Excellence is a standard reflected in the precision of our work and the quality of our decisions.
People:
Our people are our greatest strength. We foster respect, inclusion, and ambition.
Innovation:
We invest boldly in technology to make banking and lending better, faster, and smarter.
Sound Practices:
We manage credit and risk with rigor, transparency, and compliance to ensure sustainable growth.
Distinct Value:
We focus on where we add value through insight, specialization, technology, and service.
Clients:
We advance our clients’ success through partnership, performance, and purpose.
Shareholders:
We create exceptional value for shareholders with prudent capital management and clear communication.
Communities and the Environment:
We invest in inclusive opportunity and environmental stewardship.
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. Employment with Forbright Bank is at-will, which means that either you or the Company may terminate the relationship at any time. By applying, you acknowledge that you have reviewed our CCAP Privacy Notice.
#J-18808-Ljbffr