Associate/Senior Associate, Underwriting, Real Estate Finance at Forbright Bank – Los Angeles, California
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About This Position
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
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
$110,000 - $120,000 a year