Director, Portfolio Management, Real Estate Finance

Job Summary

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 is closely monitored and all portfolio management actions are undertaken as required. The 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 and is responsible for the Real Estate Finance operations to ensure that all operational aspects have an owner who is engaged and effective in their role.

• 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 them in a timely and effective manner.
• Act as the 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 work with the borrower to anticipate future issues and needs.
• Oversee borrower funding requests and, 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 sub‑performing or non‑performing loans, taking a leading role in certain circumstances.
• 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.

• 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

• Collateral Document Handling
• Property Taxes and Insurance
• Audit and Compliance coordination on behalf of Real Estate Finance group
• Servicing Liaisons
• Invoice/Payables approvals, including legal not charged to a deal, consultants, REO expenses
• Team Member Engagement

• Supervise assigned employees by organizing and monitoring work progress.
• Maintain staff by recruiting, selecting, orienting, and training employees.
• Manage performance of employees through development, coaching, and counseling.
• Balance workload to ensure projects and initiatives are completed in a timely manner.
• Provide sufficient resources and infrastructure to the team, ensure the team has an appropriate system of internal control, and ensure accountability for operating within established policies and guidelines and in accordance with applicable laws, regulations, and guidance.
• Demonstrate effective management skills by fostering an inclusive positive team culture of trust, collaboration, resilience, and innovation where employees thrive and the organization achieves desired results.

• Bachelor’s Degree required;
  Master’s Degree preferred.
• Minimum of 10 years of lending, credit risk management, or portfolio management experience with a commercial finance company or bank required.
• Comfortable with quickly raising potential, material issues and negative trend to the Specialty Lending management team as soon as identified.
• Willingness to learn how to read and interpret loan and legal documentation.
• Exceptional attitude and commitment to teamwork.
• Strong quantitative analytical skills, with a willingness to learn analysis techniques and methods.
• U…