Forbright Bank is Hiring an Associate, Underwriting and Portfolio Management, Corporate Finance Near Chevy Chase, MD
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 (ESG) 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 Associate, Corporate Finance is responsible for reviewing new transactions (“Underwriting”) and ongoing monitoring and ownership of the existing portfolio (“Portfolio Management”). This role helps oversees a portfolio of loans that they have helped underwrite, providing an opportunity to learn from the full cycle of an investment. DUTIES AND RESPONSIBILITIES:
Participate in meetings with private equity sponsors and borrowers to develop an understanding of a company
Review the following: Materials including confidential investment memorandums, management/lender presentations and other documents; Third-party diligence reports including quality of earnings, industry/market studies, operational diligence, environmental diligence, and others; Financial statements, sponsor models and all other relevant financial information to understand business trends including segment performance, customer growth, etc
Participate in the process for amendments, waivers and restructurings of borrowers within the assigned portfolio
Identify attributes of a company which support the investment thesis as well as factors which pose a risk to the business. Identify and describe mitigating factors present in the business, structure of the credit, etc. which offset the risks identified
Perform industry research to understand macro trends that impact a company and the competitive environment that it operates in
Create and write detailed investment memorandums which outline the opportunity
Assist in reviewing legal documents to ensure the Bank’s understanding of key business terms. Work with external legal counsel to document final investment terms
Actively monitor the assigned portfolio on an ongoing basis. Participate in real-time credit discussions as well as scheduled quarterly reviews throughout the life of the loan
Ensure timely receipt of deliverables and manage the credit file for the assigned portfolio
Support the activities of BancAlliance, a network of community banks advised by Alliance Partners, a subsidiary of Forbright Bank
Perform other duties as assigned
QUALIFICATIONS:
Bachelor’s degree with a minimum of 2 years of experience in a public accounting, financial consulting, valuation, leveraged finance, investment banking, or another area of finance or accounting preferred
Strong quantitative and qualitative analytical skills
Experienced knowledge of finance and accounting, including financial statement analysis
Experienced understanding of debt finance products and services, risk management and credit quality across different industry sectors preferred
Ability to efficiently manage projects with some supervision
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
Strong oral and written communications skills with the ability to express ideas in a persuasive, organized, and articulate manner
Strong interpersonal skills with ability to maintain relationships
High proficiency with Microsoft Office products, including Excel, Word, and Outlook
Strong Excel-based modeling skills preferred
Familiarity with CapitalIQ, Pitchbook, Bloomberg, and other market data sources preferred
POSITION REQUIREMENTS: The requirements described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. Work is conducted primarily in an office; however, some positions may be conducted remotely via technology. While performing duties of this job, the employee may be regularly required for prolonged periods of time to:
Sit or stand at a desk
Walk, stoop down, crouch, kneel or bend over
Use hands and fingers
Utilize a computer monitor with visual acuity
Operate technology and other office machinery such as printers, fax machines, scanners, etc
Communicate clearly both verbally and 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 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.