Senior Loan Accountant

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 with an uncommon commitment to decarbonization and sustainability. As the need to build a more sustainable, low-carbon economic system grows increasingly urgent, we are dedicating half of our assets to financing the companies, investors, and innovators driving that change. We are reimagining how a bank should operate in a changing world.

JOB SUMMARY:  The Senior Loan Accountant is responsible for completing daily, monthly, and quarterly loan accounting activities. This position utilizes knowledgeable of applicable US GAAP, critical thinking, and the ability to work autonomously when necessary.

DUTIES AND RESPONSIBILITIES:

• Prepare journal entries, perform accounting research, and efficiently analyze large transactional data as it pertains to loan accounting
• Preform timely account reconciliations for multiple loan accounting sub-ledgers to the general ledger
• Analyze and post interest income and fees for the loan portfolio
• Prepare monthly financial reporting for various departments
• Assist in the production of periodic financial reports; ensures that the reported results comply with generally accepted accounting principles 
• Participate in formally documenting loan accounting procedures
• Assist in preparing audit support for external auditors and respond to audit inquiries

QUALIFICATIONS:

• Bachelor’s Degree in Accounting, Finance, or related discipline from an accredited institution required
• CPA preferred
• 4+ years of progressive accounting experience with 2+ years of loan specific accounting experience required
• Evidence of strong technical accounting skills with a focus on accounting for receivables and the transfers of financial assets required
• Proficient in accounting software and Microsoft Office applications
• Ability to effectively interact, verbally and written, with multiple lines of business
• Demonstrate analytical skills and competency, with an emphasis on accuracy and attention to detail
• Ability and willingness to meet business critical deadlines

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

The pay range for this position is below. The specific rate will depend on the successful candidate’s qualifications and prior experience. $100,00 (entry level qualifications) to $115,000 (highly experienced).

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 m