Associate, Underwriting and Portfolio Management

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 per