Director, Portfolio Management, Real Estate Finance

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.

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.

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 brighter future.

The Director, Portfolio Management, Real Estate Finance is responsible for managing the Real Estate Finance portfolio at Forbright Bank. The Director works with the portfolio management team to ensure the portfolio of loans and investments are being closely monitored and all portfolio management actions are being undertaken as required. This portfolio management team will monitor loan performance, identify potential issues, and minimize the risk of loss for the Bank.

The Director also contributes to portfolio reporting requirements to ensure accurate and timely portfolio reports are prepared. This role is also responsible for the Real Estate Finance operations to ensure that all operational aspects have an owner who is engaged and effective in their role.

Portfolio Management:

• Manage the Portfolio Management team as the individual portfolio manager performs the following functions:
  • Monitor operating performance, financial condition, and credit risk for assigned loans
  • Proactively identify issues and recommend or resolve issues in a timely and effective manner
  • Act as a primary daily point of contact with assigned borrowers to establish a working relationship, understand the performance of the underlying property, ensure compliance with loan agreements and be engaged with the borrower in anticipating future issues and needs
  • Oversee borrower funding requests are fulfilled. For construction projects, work with the Construction monitoring group to approve draws
  • Ensure loan documentation and credit files for assigned loans are updated and maintained in a timely fashion in the Bank's internal document retention system, in compliance with internal procedures and banking guidelines
  • Manage the workouts of subperforming or nonperforming loans;
    In certain circumstances, MD will take lead at this point in the life of the loan
  • Prosecute parallel path executions aggressively to reach a consensual resolution or foreclosure of the collateral
  • Manage the activity of the REO asset and engage to liquidate the asset in a timely manner
• Own the following processes and procedures:
  • Loan Modifications and Approvals
  • Loan Closings
  • Construction Monitoring and Draws
  • Loan Maturities
  • Past Dues
  • Criticized Loans
  • Quarterly & Ad Hoc Risk Ratings
  • Impairment Analysis
  • Foreclosure & REO (including SPE formation and resolutions)
  • Transparent Reporting for the working team (Portfolio Mgmt, Originators, & President)
  • Prepare executive reports and presentations
  • Lead the asset management of the Legacy CPACE Assessments and Legacy Consumer Real Estate loan portfolio
• Operations Management:
  • Collateral Document Handling
  • Property Taxes and Insurance
  • Audit and Compliance coordination on behalf of Real Estate Finance group
  • Servicing Liaison
  • Invoice/Payables approvals including:
    Legal not charged to a deal, Consultants, REO expenses
  • Team Member…