Vice President, Lender Finance, Underwriting

Forbright Bank

$160K — $180K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Associate's Degree required; Bachelor's Degree preferred.
  • Minimum of 8 years in financial services, investment banking, or lending; 5-6 years in Fund/Lender Finance preferred.
  • Preferred 1 year in a management role.
  • Proficient in Microsoft Office (Outlook, Word, PowerPoint, Excel).
  • Strong verbal, written, and interpersonal communication skills.
  • Excellent organizational skills and attention to detail.
  • Outstanding quantitative and qualitative analytical skills, especially in financial modeling.

Responsibilities

  • Lead the analysis, structuring, and closing of asset-based loans.
  • Engage with private equity sponsors and borrowers to build understanding.
  • Evaluate financing requests and assess credit quality and loan structures.
  • Conduct thorough due diligence on transactions and market situations.
  • Create investment theses and make decisions on loan approvals.
  • Monitor compliance with loan agreements post-closing.
  • Coordinate transaction closings with the Bank's operations team.

Benefits

  • Comprehensive health, dental, and vision plans.
  • 4 weeks of paid time off (PTO).
  • 401k plan with company matching contributions.
  • Monthly Metro SmartTrip benefits ($50).
  • Flexible remote or hybrid work schedules available.
  • Incentives for eco-friendly initiatives, such as solar panel purchases.
  • Paid subscriptions for various services promoting sustainability.
Full Job Description
JOB SUMMARY: The Vice President works closely with the Directors and Managing Directors of Structured Finance to grow and build out the Structured Finance practice at the Bank. The main function of the Vice President is to analyze, evaluate, structure, and close asset-based loans for the Lender Finance and Fund Finance lending strategies. The Vice President also monitors and manages borrower relationships after closing of the transaction. The Vice President has the opportunity to lead deals working closely with a Director or Managing Director.

DUTIES AND RESPONSIBILITIES:

  • Participate in meetings with private equity sponsors and borrowers to develop an understanding of a company


  • Review materials including confidential investment memorandums, management/lender presentations, and other documents


  • Evaluate senior financing requests to determine credit quality of opportunities and appropriate loan structures.


  • Identify specific merits, risks, and mitigants for each transaction and perform market, industry, and sponsor due diligence


  • Lead due diligence on loan and investment opportunities working closely with a Managing Director


  • Create an investment thesis (go / no go decision) for each transaction and make investment recommendations to the Managing Director


  • Advocate for and present deals for approval to the Bank's Officers Loan Committee


  • Construct and maintain detailed financial models and develop sensitivity analyses and generate internal approval memoranda and draft term sheets


  • Assist in all aspects of origination activity leading to the closing of new transactions


  • Proactively monitor and enforce the terms of the loan agreement for lending relationships in conjunction with the portfolio management team


  • Maintain continuing dialogue with borrowing clients to promote "sticky" positive working relationships


  • Coordinate investment closings with the Bank's operations team


  • Perform other duties as assigned


SUPERVISORY RESPONSIBILITIES:

  • Supervise assigned employees by organizing and monitoring work progress


  • Maintain staff by recruiting, selecting, orienting, and training employees


  • Manage performance of employees through development, coaching, and counseling


QUALIFICATIONS:

  • Associate's Degree required; Bachelor's Degree preferred


  • 8 years minimum of overall relevant financial services, investment banking or lending experience required; 5-6 years of Fund/Lender Finance experience strongly preferred


  • Minimum of 1 year in a manager role 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


  • Outstanding quantitative and qualitative analytical skills, including financial modeling in lender/structured finance


  • Strong financial statement analysis skills with a firm grasp of accounting and finance matters


$160,000 - $180,000 a year

The pay range for this position is above. The specific rate will depend on the successful candidate's qualifications and prior experience $160,000 (entry level qualifications) to $180,000 (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!

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