Full-Time Senior Associate, Underwriting, Real Estate Finance
Forbright Bank is hiring a remote Full-Time Senior Associate, Underwriting, Real Estate Finance. The career level for this job opening is Experienced and is accepting Los Angeles, CA based applicants remotely. Read complete job description before applying.
Forbright Bank
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Job Summary: The Senior Associate, Underwriting, Real Estate Finance, is part of the team underwriting and originating Commercial Real Estate finance products at Forbright Bank. This role is responsible for assisting the Real Estate Finance Relationship Managers with underwriting to help the Bank achieve real estate origination goals while simultaneously maintaining acceptable credit quality and return targets.
Duties and Responsibilities:
- Assist Relationship Managers with:
- Commercial real estate financial modeling and analysis
- Preliminary screening of prospective financing opportunities
- Evaluating financing requests to determine credit quality of opportunities
- Identify and assess key risks associated with a property's financial performance, local market dynamics, and other variables that should be considered in determining a property's risk profile
- Assess the guarantor's financial position to determine the quality of this additional credit support
- Perform market research to understand trends that impact a property and the competitive environment that it operates in
- Determine demand and supply impacts on property vacancy, rent growth, capitalization rates, and property value
- Review the proposed loan structure to determine if it is appropriate to sufficiently mitigate and manage risk
- Make independent recommendations regarding credit risk supported by comprehensive analysis
- Communicate effectively and interact with all levels of management
- Communicate with all Relationship Managers, Team Leaders, and related departments
- Assist with loan portfolio management and monitoring
- Perform other duties as assigned
Qualifications:
- Bachelor's Degree required
- Minimum 4+ years of commercial real estate financial modeling experience
- Outstanding quantitative and qualitative analytical skills
- Strong knowledge of finance and accounting
- Ability to work under pressure on multiple projects in parallel while meeting deadlines
- Ability to synthesize information from various sources and comprehend multiple, distinct points of views on any given topic
- Demonstrated experience in financial modeling for sophisticated commercial real estate deals
- Strong oral and written communication skills
- Highly motivated business professional
- Extensive and strong knowledge of Excel
- Outstanding organizational, problem-solving, and time management skills
- Strong knowledge of CoStar
Position Requirements:
- Work primarily in an office setting
- Remote work possible at management discretion
Additional Duties: Flexibility regarding duties outside job description.
Salary Range: $85,000 to $110,000
Employment Type: Not available