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.
Key Responsibilities
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
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
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
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
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
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
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 parrallel path executions aggressively to reach a consensual resolution or foreclosure of the collateral
Prosecute parrallel 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
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 Modifications and Approvals
Loan Closings
Loan Closings
Construction Monitoring and Draws
Construction Monitoring and Draws
Loan Maturities
Loan Maturities
Past Dues
Past Dues
Criticized Loans
Criticized Loans
Quarterly & Ad Hoc Risk Ratings
Quarterly & Ad Hoc Risk Ratings
Impairment Analysis
Impairment Analysis
Foreclosue & REO (including SPE formation and resolutions)
Foreclosue & REO (including SPE formation and resolutions)
Transparent Reporting for the working team (Portfolio Mgmt, Originators, & President)
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 Laison
Invoice/Payables approvals including:
Legal not charged to a deal
Legal not charged to a deal
Consultants
Consultants
REO expenses
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 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