JOB SUMMARY: The Senior Associate is responsible for reviewing new transactions ("Underwriting") and ongoing monitoring and ownership of the existing portfolio ("Portfolio Management"). This role helps oversee 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
- Prepare and 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:- High School Diploma (or GED) required; Bachelor's Degree with a focus on accounting, finance, economics or another quantitative degree preferred
- Minimum of 4 years of experience in a public accounting, financial consulting, valuation, leveraged finance, investment banking, or another area of finance or accounting required
- Strong quantitative and qualitative analytical skills
- Knowledge of finance and accounting, including financial statement analysis
- Understanding of debt finance products and services, risk management and credit quality across different industry sectors
- Work under pressure on multiple projects in parallel while still meeting deadlines
- Synthesize information from various sources and comprehend multiple, distinct points of views on any given topic
- Strong Excel-based modeling skills preferred
- Familiarity with CapitalIQ, Pitchbook, Bloomberg, and other market data sources preferred
- Proficiency with Microsoft Office tools (Outlook, Word, PowerPoint, Excel)
- Excellent verbal, written, and interpersonal communication skills
- Strong organizational skills and attention to detail
- Outstanding problem-solving and time management skills
- Self-motivated, self-directed, and results-oriented
- Adaptable and able to multitask in a fast-paced environment
- Can work independently and within a team; solution-oriented with a collaborative approach
$105,000 - $120,000 a year
The pay range for this position is above. The specific rate will depend on the successful candidate's qualifications and prior experience $105,000 (entry level qualifications) to $120,000 (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!
