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 monitor