AVP or VP, Portfolio Management, Healthcare Lending - Forbright Bank
Bethesda, MD 20815
About the Job
COMPANY DESCRIPTION: Forbright is a nationwide full-service bank and lender helping accelerate the transition to a sustainable and low-carbon economy. Headquartered in Chevy Chase, Maryland, Forbright is committed to accelerating the transition to a sustainable economy by 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. We operate a sound dynamic institution that is well capitalized, liquid, profitable and uses best practices to manage risk and assure compliance with laws and regulations. We use Forbright's capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a more sustainable future.
JOB SUMMARY: The AVP or VP, Portfolio Manager, Healthcare Lending is a part of the team managing credit risk within the Healthcare Lending Portfolio at Forbright Bank. The AVP or VP, Portfolio Manager monitors loan performance, manages client relationships and workout credits, and ensures accurate assessment of credit risk and trends. The role also works with and directs Bank resources such as supporting departments and analysts and minimizing the risk of loss for the Bank.
DUTIES & RESPONSIBILITIES
- Monitor operating performance, financial condition, and credit risk for assigned borrowers/client relationships to proactively identify issues and resolve problems in a timely and effective manner
- Ensure that required borrower reporting is received on a timely basis
- Perform and/or review, on a timely basis, financial analysis on reporting provided by borrowers, tracking trends, key performance indicators, and developments which may impact loan performance
- Effectively communicate identified credit risks and recommended actions to senior management
- Research, propose, and prepare modification approval write-ups, working closely with the client as well as legal counsel and manager
- Actively manage upcoming loan maturities, past dues, and credit quality
- Complete and/or actively oversee risk ratings, criticized asset management memos, and review processes for assigned borrowers
- Manage Bank resources effectively, including supporting departments such as loan servicing and deposit operations as well as Healthcare Team's analyst pool assigned specifically to loans
- Mentor and manage (indirectly) analyst resources
- Ensure timely completion of analyst work, including communication work related to borrower file management within the Bank's multiple systems for tracking, reporting, and communication
- Actively participate in bi-weekly Portfolio Management department meetings and ensure analysts assigned to credits are appropriately prepared to contribute during meetings, as needed
- Attend bi-weekly Pipeline meetings and collaborate with the Origination/Underwriting Team to transition new loans from Closing to Portfolio Management
- Analyze and approve borrowing bases of asset-based revolvers in the loan portfolio
- Ensure loan documentation and credit files are maintained in a timely fashion in accordance with the Bank's procedures and banking guidelines
- Stay informed of state and federal healthcare current events and changes to healthcare policies
- Participate in the build out a scalable portfolio monitoring infrastructure
- Complete special projects and other duties on an as needed basis
QUALIFICATIONS
- Bachelor's Degree from a 4-year accredited institution required
- A minimum of 6-8 years (AVP) or 8+ years (VP) of lending or portfolio management experience with a bank or commercial finance company required
- Formal credit training required
- A strong understanding of accounting and finance matters
- High proficiency with Excel and other Microsoft Office products
- Solid grasp on loan and legal documentation
- Outstanding quantitative and qualitative analytical skills
- Acute attention to detail with the ability to think critically and independently
- Exceptional attitude and commitment to teamwork
- Excellent written and verbal communication, presentation, and interpersonal skills
- Well-developed organizational skills, including the ability to multi-task and prioritize work
- Ability to perform the duties as described in this document
POSITION REQUIREMENTS: The requirements described are representative of those that must be met by an employee to successfully perform the essential functions of this job. 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 of time to:
• Sit or stand at a desk
• Walk, stoop down, crouch, kneel or bend over
• Use hands and fingers
• Utilize a computer monitor with visual acuity
• Operate technology and other office machinery such as printers, fax machines, scanners, etc.
• Communicate clearly both verbally and 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 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
It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.
PI248845861
Source : Forbright Bank