Forbright Bank · 1 day ago
Associate/Senior Associate, Underwriting, Real Estate Finance (LA)
Los Angeles, CA
Full-time
Hybrid
Mid, Senior Level
$110K/yr - $120K/yr
4+ years expForbright Bank is a nationwide full-service bank focused on helping to build a brighter future for clients and communities. The Senior Associate will assist in underwriting and originating Commercial Real Estate finance products, supporting the team in achieving origination goals while maintaining credit quality.
BankingCommunitiesFinanceFinancial ServicesLending
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. 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
Qualification
Required
Associate's Degree 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
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
Can 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 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
Highly motivated business professional, able to thrive in small team environment
Preferred
Bachelor's Degree preferred
Proficiency with CoStar
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
Company
Forbright Bank
Forbright is a nationwide full-service bank and commercial lender focused on helping build a brighter future for our clients and the communities we serve.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
$409.57MKey Investors
BayView Asset Management,BlackRock,Centerbridge Partners
2021-04-16Private Equity· $345M
2018-02-16Undisclosed· $7.5M
2016-12-20Debt Financing· $24M
Leadership Team
Donald Cole
Chief Executive Officer
John Protzman
CTO at Forbright Bank
Recent News
congressionalbank.com
2023-02-28
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