Director, Portfolio Management, Real Estate Finance

Director, Portfolio Management, Real Estate Finance

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.

Duties and responsibilities include:

• 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 identifies issues and recommends or resolves 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
• Foreclosue & 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 Laison
• Invoice/Payables approvals including:
• Legal not charged to a deal
• Consultants
• REO expenses
• Team Member Engagement

Supervisory responsibilities include:

• 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 the 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 adopting and fostering an inclusive positive team culture of trust, collaboration, resiliency, and innovation where employees thrive and the organization achieves desired results

Qualifications:

• 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
• Understanding of accounting and finance matters with a willingness to learn additional topics relevant to Specialty Finance
• Travel: 20% Travel to clients and internal portfolio meetings required as needed (1-2 multi-day trip a month)
• 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

$150,000 - $175,000 a year The pay range for this position is above. The specific rate will depend on the successful candidate's qualifications and prior experience $150,000 (entry level qualifications) to $175,000 (highly experienced).

Position requirements:

• Work is primarily conducted in an office setting while certain positions may allow for remote work through the use of technology at management discretion
• 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
• 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 (4 days per week in-office) 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!
• The Washington Post Top Workplaces winner for four consecutive years (2023-2026)

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,