Associate / Senior Associate, Underwriting, Healthcare Lending

📋 Description

• • Join the Healthcare Lending Division at Forbright Bank as an Associate or Senior Associate, Underwriting, and become the analytical engine behind innovative financing that powers hospitals, outpatient clinics, senior housing, behavioral-health campuses, and life-science real estate nationwide. You will sit shoulder-to-shoulder with AVPs and VPs to originate, structure, and close senior secured cash-flow loans, real-estate term loans, construction facilities, and participations ranging from $5 million to $150 million, directly influencing the availability of capital that keeps communities healthy and providers growing.
• • Own the financial story of every deal from first screen to final signature. Build three-statement operating models, run downside, base, and upside cases, and layer in reimbursement-rate sensitivity, occupancy volatility, and payer-mix shifts to stress-test repayment capacity. Translate complex Medicare, Medicaid, and commercial-insurance revenue streams into concise credit narratives that win approval from the Bank’s credit committee and set risk-rating benchmarks for the portfolio.
• • Drive disciplined due-diligence sprints. Coordinate site visits, review third-party appraisals, environmental and seismic reports, and quality-of-earnings analyses. Interview C-suite operators, bond counsel, and external auditors to validate historical and pro-forma assumptions. Synthesize findings into investment memoranda that highlight key risks, mitigants, structural enhancements, and covenant packages that protect Forbright’s capital while enabling borrowers to execute growth strategies.
• • Partner with originators to craft creative structures—cash-flow revolvers, delayed-draw term loans, earn-outs tied to EBITDA milestones, and interest-only periods aligned with certificate-of-need approvals. Negotiate intercreditor agreements with HUD 232/242 lenders, REITs, and private-equity sponsors, ensuring Forbright maintains priority collateral positions and robust control rights.
• • After close, transition seamlessly into portfolio stewardship. Work with Portfolio Management to monitor quarterly covenant compliance, track liquidity cushions, and flag early-warning indicators such as declining HCAPHS scores or CMS reimbursement delays. Prepare concise performance-update memos that keep senior management, risk, and capital-markets teams aligned on watch-list names and re-underwriting triggers.
• • Champion data integrity and process excellence. Maintain loan-level data in the CRM and nCino LOS, update risk ratings in Moody's Risk Analyst, and ensure post-closing collateral perfection files are audit-ready. Identify opportunities to automate recurring analyses—think Python-driven cash-flow waterfalls or Power BI dashboards that visualize census trends—freeing the team to focus on higher-value strategic work.
• • Contribute to a culture of continuous learning and responsible banking. Present lunch-and-learn sessions on emerging sub-sectors such as inpatient behavioral health, ambulatory surgery centers, or medical-office condominiums. Participate in Forbright’s Impact Council to quantify how your deals advance environmental and social outcomes—whether through energy-efficient hospital retrofits, expansion of telehealth in rural markets, or development of affordable senior housing.
• • Thrive in a hybrid environment that prizes flexibility and results over face-time. Work three days in our modern, light-filled Chevy Chase headquarters—steps from the Bethesda Metro—and two days from wherever you focus best. Collaborate via Microsoft Teams, Miro whiteboards, and shared OneDrive models, ensuring seamless hand-offs between originators, underwriters, closers, and portfolio managers.