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

Forbright Bank • Los Angeles, CA

26d • $110,000 - $120,000 • Hybrid

About The Position

The Senior Associate 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 Managing Directors and Directors (the “Originator(s)”) with underwriting lending opportunities and achieve real estate origination goals while simultaneously maintaining acceptable credit quality and return targets.

Requirements

• Associate’s Degree required; Bachelor’s Degree preferred
• 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
• 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
• 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
• Highly motivated business professional, able to thrive in small team environment
• Proficiency with CoStar

Responsibilities

• Assist Originators with Commercial real estate financial modeling and analysis
• Preliminary screening of prospective financing opportunities
• Evaluating financing requests to determine credit quality of opportunities
• Maintain detailed financial models and develop sensitivity analyses
• Perform market, industry, and sponsor due diligence. Market research to include 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
• Gather information and diligence materials including appraisals, environmental reports, and property physical inspections. Assess the guarantor's financial position to determine the quality of this additional credit support, if any
• Ensure loan documentation and credit files are timely updated and maintained in the Bank’s internal document retention system in compliance with internal procedures and banking guidelines
• Facilitate loan closings ensuring that legal documentation, 3rd parties/due diligence, and internal processing requirements are completed and processed per credit policy
• Assist with Portfolio Management, as needed, on modifications, extensions, risk ratings, and other asset management issues
• Communicate effectively and interact with all levels of management and other departments
• 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
• Incentives for purchasing solar panels, electric vehicles, biking to work, etc.
• Paid subscriptions to Veterans Compost, Capital Bikeshare, Imperfect Foods reimbursement, and more!
• Best Workplaces for Commuters 2023 & 2024 winner
• The Washington Post Top Workplaces 2023, 2024, and 2025 winner
• American Banker Best Banks to Work For 2023 winner

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree