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Managing Director, Originations, 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 Managing Director, Originations, Real Estate Finance, is responsible for creating and establishing a network of real estate relationships to source commercial real estate senior bridge and construction loans as well as structured financing (note-on-note or A-note) of debt fund lending across the country. The Managing Director manages a team that sources, underwrites, and executes all new loan opportunities within a high-volume environment. This position has overall responsibility for the team’s screening and structuring of new loan opportunities, finalizing credit memos, presenting deals to the Bank's credit committee, managing the loan closing process, and guiding the asset management of the team’s portfolio post-closing. The Managing Director works with the President, Real Estate Finance to establish and execute a yearly Business Plan for the Department, communicates current market dynamics at the weekly Pipeline meetings, builds a sourcing network, and pursues loan opportunities consistent with the Business Plan.  

DUTIES AND RESPONSIBILITIES:

    • Develop and implement annual Business Plan to achieve loan originations, and portfolio performance goals 
    • Assist in all aspects of origination activity leading to the closing of new transactions 
    • Continue to grow a network of real estate professionals including principals, equity and debt fund sponsors, brokers, and lawyers 
    • Maintain a continuing dialogue with clients to promote long-term, positive working relationships 
    • Evaluate financing requests to determine credit quality of opportunities and appropriate loan structures 
    • Submit internal approval memoranda for the origination of new loans 
    • Conduct diligence and underwriting on new loan opportunities, ensuring that the loan/facility meets the Bank’s credit policy/guideline 
    • Ensure business terms and structure are accurately captured in loan structure and documentation: Legal documentation for loans including participation agreements, loan agreements, and ancillary legal docs; Varying loan structures and related inter-creditor issues ; Different commercial real estate product types 
    • Identify specific merits, risks, and mitigates for each transaction 
    • 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 
    • Work directly with the prospective borrower to gather information and diligence materials, while maintaining strong working relationships with the key contacts 
    • Maintain detailed financial models and develop sensitivity analyses 
    • Perform market, industry, and sponsor due diligence 
    • Manage and develop team personnel; Establish individual goals or KPIs; Hold reports accountable; Create a transparent culture that rewards excellence and encourages professional growth 
    • Identify risks in the business and escalate; Work closely with Internal Audit, Accounting, and Compliance to have a well-defined process to run the business in a regulated bank environment 
    • Collaborate with Portfolio Management on modifications, extensions, risk ratings, and other asset management issues 
    • Perform other duties as assigned 

SUPERVISORY RESPONSIBILITIES:

    • Supervise assigned employees by organizing and monitoring work progress 
    • Maintain staff by recruiting, selecting, orienting, and training employees 
    • Manage performance of employees through development, coaching, and counseling 

QUALIFICATIONS:

    • Bachelor’s Degree required 
    • 15+ years of real estate finance experience with an emphasis on credit related functions – credit underwriting, asset quality management, and regulatory compliance in a CRE banking environment required  
    • A professional understanding of relevant state and Federal lending/financing and compliance regulations, and other Real Estate Finance policies required 
    • Demonstrated effective experience in managing a team while creating a positive work environment where employees thrive, and the organization achieves desired results 
    • Ability to analyze complex real estate financing requests and make sound credit decisions 
    • High degree of professionalism with excellent verbal, written, and interpersonal communication skills with the ability to interpret, summarize, and present issues to management, staff, and outside parties 
    • Ability to manage and maintain confidential information 
    • Excellent organizational and time management skills to deal with multifaceted problems and variables in non-standardized situations 
    • Self-motivated, self-directed, and results oriented with the ability to work with minimum supervision and handle multiple tasks simultaneously under aggressive time restraints 
    • Ability to evaluate financial statements and performance and provide clear and concise, data driven conclusions 
    • High energy, intellectual curiosity, self-starter with ability to work independently in fast paced environment 
    • Ability to create and assess complex financial models 
    • Familiar with key CRE databases including CoStar 
    • Familiar with key legal documents in commercial real estate transactions including mortgage, loan agreement, promissory notes, guarantees and inter-creditor agreements 
    • Familiar with entity legal structures and formation documents (LLC’s, Trusts, Partnerships, Corporations) 
    • Familiar with bank closing processes 
The pay range for this position is below. The specific rate will depend on the successful candidate’s qualifications and prior experience. A minimum of $225,000, negotiable with higher experience.


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.
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Forbright Bank

Category

Finance

Employment type

Full-Time

Location

Chevy Chase, MD

Salary range

Prefer not to share

Posted

1 day ago

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