Associate, Partner Finance

forbrightbank; Chevy Chase (MD); Hybrid; USD 65,000 - 95,000; Full time

Benefits offered by this job

Health/dental/vision coverage

4 weeks PTO

401k with company match

Metro SmartTrip benefits

Hybrid/remote (4 days in-office)

Incentives for solar panels, EVs, and

Subscriptions to Veterans Compost, Cap

Washington Post Top Workplaces award

Job summary

Forbright Bank is seeking an Associate in the Partner Finance division to manage daily/monthly reconciliation of loan positions and cash from purchased consumer loans. The role supports internal reporting and maintains the shadow accounting records used by management and oversight committees.

The candidate will work with large loan-level datasets from third-party servicers and act as the first line of control over the accuracy of balances, cash and reported returns.

Qualifications

• Experience reconciling loan portfolios and cash positions.

Responsibilities

• Daily and monthly reconciliation of loan positions and cash for the Partner Finance division's portfolio of purchased consumer loans.
• Support internal reporting for stakeholders and maintain shadow accounting records and recurring reports.
• Work with large loan-level data sets from third-party servicers and ensure accuracy of balances, cash and reported returns.

Job description

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.

COMPANY CULTURE

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.

COMPANY MISSION

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.

JOB SUMMARY

The Associate is primarily responsible for the daily and monthly reconciliation of loan positions and cash for the Partner Finance division's portfolio of purchased consumer loans, supporting the internal reporting for internal stakeholders and for maintaining the shadow accounting records and recurring reports that management, Finance and the Bank's oversight committees rely on. This role works with large, loan-level data sets from third-party servicers every day and serves as the first line of control over the accuracy of the portfolio's balances, cash and reported returns.

POSITION REQUIREMENTS

We are committed to creating an inclusive workplace where all employees are capable of performing their job position. Work is primarily conducted in an office setting while certain positions may allow for remote work through the use of technology at management discretion. The functions described below are representative of those to successfully perform duties of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. 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

ADDITIONAL DUTIES

For Forbright Bank to remain efficient and nimble as a growing organization, 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 matter