JOB SUMMARY: The Senior Associate or AVP of Portfolio Management, Healthcare Lending is a part of the team managing credit risk within the Healthcare Lending Portfolio at Forbright Bank. This position monitors loan performance, manages client relationships and workout credits, and ensures accurate assessment of credit risk and trends. The role also works with and directs Bank resources such as supporting departments and analysts and minimizing the risk of loss for the Bank.
DUTIES AND RESPONSIBILITIES:- Monitor operating performance, financial condition, and credit risk for assigned borrowers/client relationships to proactively identify issues and resolve problems in a timely and effective manner
- Ensure that required borrower reporting is received on a timely basis
- Perform and/or review, on a timely basis, financial analysis on reporting provided by borrowers, tracking trends, key performance indicators, and developments which may impact loan performance
- Effectively communicate identified credit risks and recommended actions to senior management
- Research, propose, and prepare modification approval write-ups, working closely with the client as well as legal counsel and manager
- Actively manage upcoming loan maturities, past dues, and credit quality
- Complete and/or actively oversee risk ratings, criticized asset management memos, and review processes for assigned borrowers
- Manage Bank resources effectively, including supporting departments such as loan servicing and deposit operations as well as Healthcare Team's analyst pool assigned specifically to loans
- Mentor and manage (indirectly) analyst resources
- Ensure timely completion of analyst work, including communication work related to borrower file management within the Bank's multiple systems for tracking, reporting, and communication
- Actively participate in bi-weekly Portfolio Management department meetings and ensure analysts assigned to credits are appropriately prepared to contribute during meetings, as needed
- Attend bi-weekly Pipeline meetings and collaborate with the Origination/Underwriting Team to transition new loans from Closing to Portfolio Management
- Analyze and approve borrowing bases of asset-based revolvers in the loan portfolio
- Ensure loan documentation and credit files are maintained in a timely fashion in accordance with the Bank's procedures and banking guidelines
- Stay informed of state and federal healthcare current events and changes to healthcare policies
- Participate in the build out a scalable portfolio monitoring infrastructure
- Perform other duties as assigned
QUALIFICATIONS:- Bachelor's Degree required
- Minimum of 4 - 6+ years of lending or portfolio management experience with a bank or commercial finance company required, dependent on title level
- Formal credit training required
- A strong understanding of accounting and finance matters
- High proficiency with Excel and other Microsoft Office products
- Solid grasp on loan and legal documentation
- Outstanding quantitative and qualitative analytical skills
- Acute attention to detail with the ability to think critically and independently
- Exceptional attitude and commitment to teamwork
- Excellent written and verbal communication, presentation, and interpersonal skills
- Well-developed organizational skills, including the ability to
The pay range for this position is below. The specific rate will depend on the successful candidate's qualifications and prior experience. $115,000 (entry level qualifications) to $135,000 (highly experienced).
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 (4 days per week in-office) work schedules for most positions
• Incentives for purchasing solar panels, electric vehicles, biking to work, etc.
• Paid subscriptions to Veterans Compost, Capital Bikeshare, Imperfect Foods reimbursement, and more!
