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Director, Servicing & Collections at Forbright Bank – Remote

Forbright Bank
Remote
Posted on
NewSalary:$159000 - $170000Job Function:Executive/Management
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About This Position

Director, Servicing & Collections

COMPANY DESCRIPTION: Forbright is a nationwide full-service bank and commercial lender focused on helping to build a brighter future for our clients and the communities we serve. Forbright is committed to exceptional client service by providing seamless, innovative personal banking services to depositors and creative financing solutions to visionary middle market businesses and investors in healthcare, technology, financial services, real estate, and other industries.
COMPANY CULTURE: We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible 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 Forbrights capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a brighter future.

JOB SUMMARY: The Director, Servicing & Collections, is accountable for the performance of the loan portfolio across the full servicing lifecycle. This role owns strategy development and execution oversight across primary servicing, early and late-stage collections, and default recoveries with a relentless focus on portfolio outcomes, cost efficiency, and continuous improvement. The Director, Servicing & Collections, leads vendor strategy and governance, holding third-party servicers accountable to aggressive performance targets while driving data-informed operational enhancements. This role combines strong analytical rigor with executive presence, influencing internal stakeholders and external partners to deliver superior results.
DUTIES AND RESPONSIBILITIES:

  • Own portfolio performance across the servicing lifecycle, including core servicing and customer support, late-stage collections, and default loan servicing

  • Manage service offerings for borrowers whose installers cannot complete their projects or fulfill on warranty obligations to bolster borrower satisfaction and loan performance

  • Establish, forecast, and deliver against aggressive portfolio performance targets including roll rates, loss rates, prepayment rates, and expense related metrics

  • Manage a network of vendors who primarily execute business processes

  • Hold vendors accountable to clearly defined performance standards, proactively identifying performance gaps and driving corrective action plans with urgency and precision

  • Responsible for expense management related to processes and vendors under your oversight

  • Develop and oversee comprehensive monitoring programs for oversight of process and vendor performance

  • Partner with analytics to translate data into actionable strategies; independently challenge assumptions and drive strategy refinement based on performance insights

  • Prepare and deliver portfolio performance reviews, articulating both the drivers of performance trends and the strategies and tactics under development or deployed to improve performance

  • Partner with Capital Markets to respond to loan owner questions about performance trends

  • Collaborate with legal and compliance teams to create programs and processes that can both deliver superior loan performance and withstand regulatory scrutiny

  • Perform other duties as assigned

SUPERVISORY RESPONSIBILITIES:

  • Supervise employees who will be managing specialized vendors and processes within servicing and collections

  • Maintain a top performing team through development of existing personnel or recruiting, selecting, orienting, and training employees as needed

  • Manage performance of employees through development, coaching, and counseling

QUALIFICATIONS:

  • Bachelor’s Degree required

  • Minimum of 8 years of loan servicing and collections experience required; experience in secured and unsecured home improvement finance loan servicing preferred

  • Minimum of 5 years of supervisory experience required

  • Proven track record of materially improving portfolio performance metrics

  • Demonstrated ability to analyze complex problems and develop responsive business plans

  • High sense of urgency and ownership mentality

  • 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

The pay range for this position is above. The specific rate will depend on the successful candidate’s qualifications and prior experience $159,000 (entry level qualifications) to $170,000 (highly experienced).
POSITION REQUIREMENTS: We are committed to creating an inclusive workplace where all employees are capable of performing their job position. Work is primarily conducted in an office setting while certain positions may allow for remote work through the use of technology at management discretion. The functions described below are representative of those to successfully perform duties of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. While performing duties of this job, the employee may be regularly required for extended periods of time to:
Remain in a stationary position
Use hands and fingers
Utilize a computer monitor with visual acuity
Operate technology or other office machinery such as printers, scanners, etc.
Communicate clearly verbally and/or 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
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

CORE PRINCIPLES:
Excellence: Excellence is not a goal, but a standard, reflected in the precision of our work and the quality of our decisions. Excellence is a discipline that compounds over time and creates lasting value; it must be measured and managed.
People: Our people are our greatest strength. We foster a culture of respect, inclusion, and ambition - where everyone matters. We celebrate collaboration and teamwork and prize loyalty - to one another, the company, our mission, and values.
Innovation: We invest boldly in technology, harnessing innovation not for its own sake but to make banking and lending better, faster, and smarter for our clients, more efficient for our team, and more profitable for our shareholders. By combining human insight with technological excellence, we strengthen our ability to serve, to adapt, and to succeed in a changing world. Innovation is a continuous investment in new ideas.
Sound Practices: Our foundation rests on prudence, care, integrity, and discipline. We manage credit and business risk with rigor and fundamentals-based judgment, act with transparency, and uphold the highest standards of corporate governance and regulatory compliance to ensure sustainable growth and enduring financial strength.
Distinct Value: We focus our energy where we add value. We avoid the commoditized and the ordinary, choosing to compete through insight, specialization, technology and service. By concentrating on areas where expertise matters and relationships endure, we create differentiation that is defensible and lasting.
Clients: We exist to advance our clients success and to help them grow. We listen deeply, think creatively, and deliver solutions that solve problems, drive impact and add value. Every client relationship is built on partnership, performance, and purpose.
Shareholders: We are committed to creating exceptional value for our shareholders. We invest for the long term and view our shareholders as partners not observers - in value creation. We allocate capital wisely, execute with precision, and continuously adapt our business model to pursue the most attractive, risk-adjusted returns. We work to make rational decisions, avoid unnecessary complexity, maintain strong liquidity and capital, and communicate with clarity and honesty. We measure success both by current performance and by the durability and quality of the long-term value we build.
Communities and the Environment: We believe prosperity and responsibility go hand in hand. We invest in inclusive opportunity and environmental stewardship. Our goal is simple - to do our part build a brighter, more sustainable future for the communities we serve and the world we share.

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.

Employment with Forbright Bank is at-will, which means that either you or the Company may terminate the relationship at any time.

By applying, you acknowledge that you have reviewed our CCPA Privacy Notice.

$159,000 - $170,000 a year

Job Location

Remote

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