Associate/Senior Associate, Underwriting, Real Estate Finance (LA)

Forbright Bank • Los Angeles, CA

308d • $70,000 - $95,000

About The Position

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.

Requirements

• Bachelor's Degree from a 4-year accredited institution required.
• Minimum of 4+ years of commercial real estate financial modeling experience with a bank, real estate development/operating company, real estate private equity firm, commercial real estate brokerage operations, or commercial finance company required.
• Outstanding quantitative and qualitative analytical skills.
• Strong knowledge of finance and accounting.
• Ability to work under pressure on multiple projects in parallel while still meeting deadlines.
• An 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 that vary in size and complexity.
• Strong oral and written communications skills with the ability to express ideas in a persuasive, organized, and articulate manner.
• Highly motivated business professional, able to thrive in small team environment.
• Extensive and strong knowledge of Excel, to include financial modeling and CoStar.
• Outstanding organizational, problem-solving, and time management skills.

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.
• 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.
• Assist with loan portfolio management and monitoring.
• Perform other duties as assigned.

Benefits

• Comprehensive health, dental, and vision plans.
• 4 weeks PTO.
• 401k + company match.
• Metro SmartTrip benefits ($50/mo).
• Remote or hybrid work schedules for most positions.
• Bonuses for purchasing solar panels, electric vehicles, biking to work, etc.
• Paid subscriptions to Veterans Compost, Imperfect Foods, and more!
• Best Workplaces for Commuters 2023 & 2024 winner.
• The Washington Post Top Workplaces 2023 & 2024 winner.
• American Banker Best Banks to Work For 2023 winner.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree