Associate/Senior Associate, Healthcare Lending

COMPANY DESCRIPTION: Forbright Bank is a full-service bank, commercial lender, and asset manager headquartered in Chevy Chase, Maryland. Forbright is a banking and 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 capital 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 Associate / Senior Associate will work closely with the AVP’s and VP’s of the Healthcare Lending Division to grow the Healthcare Lending business. The Healthcare Lending business provides asset-based, real estate, solar, HUD, and construction lending to providers of healthcare throughout the United States. The majority of loans within the portfolio are directly originated by the Healthcare Lending team but the Bank will opportunistically participate in larger loans. The main function of this position is to assist the AVP’s and VP’s with analyzing, evaluating, structuring, documenting, and closing loan opportunities. The Associate / Senior Associate will also periodically assist with monitoring and managing borrower relationships after closing of transactions.
DUTIES AND RESPONSIBILITIES:

• Coordinate investment closings with operations team
• Work with portfolio management team to monitor and track the financial performance of companies in the loan portfolio and prepare performance update memorandums
• Perform financial due diligence on target companies
• Model financial projections and run sensitivity analyses to assess a firm’s potential to repay its loan under various economic scenarios
• Prepare loan investment approval write-ups to present to the bank’s credit committee
• Analyze potential direct loan origination opportunities and loan participation opportunities to providers of healthcare services and owners of healthcare real estate

QUALIFICATIONS:

• Exceptional attitude and commitment to teamwork
• Outstanding quantitative and qualitative analytical skills, including financial modeling
• Outstanding organizational and time management skills
• CPA or CFA a plus
• Proficiency with Excel based modeling and other Microsoft Office products
• Strong oral and written communication skills
• Bachelor’s degree with 2+ years’ experience in audit, credit analysis, investment banking, M&A transaction services, financial rotational programs, loan underwriting or HUD underwriting role
• Healthcare experience is a plus
• Strong financial statement analysis skills with a firm grasp of accounting and finance matters

POSITION REQUIREMENTS: The requirements described represent those that an employee must meet to perform the essential functions of this job successfully. 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 to:

• Operate technology and other office machinery such as printers, fax machines, scanners, etc.
• Sit or stand at a desk.
• Use hands and fingers.
• Walk, stoop down, crouch, kneel, or bend over.
• Communicate clearly, both verbally and in writing, with others
• Utilize a computer monitor with visual acuity.

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:

• Metro SmartTrip benefits ($50/mo)
• 401k + company match
• Comprehensive health, dental, and vision plans
• Best Workplaces for Commuters 2023 winner
• Remote or hybrid work schedules for most positions
• The Washington Post Top Workplaces 2023 winner
• Paid subscriptions to Veterans Compost, Imperfect Foods, and more!
• Bonuses for purchasing solar panels, electric vehicles, biking to work, etc.
• 4 weeks PTO