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Director, Credit and Underwriting – Equipment Finance

Location

United States

Posted

116 days ago

Salary

$175K - $200K / year

Seniority

Lead

Associate Degree8 yrs expEnglish

Job Description

Director, Credit and Underwriting – Equipment Finance

Forbright Bank

• Develop and implement the overall credit philosophy, underwriting framework, and risk appetite for the Equipment Finance platform • Establish credit policies, underwriting guidelines, and approval authorities consistent with Forbright Bank’s enterprise risk framework • Ensure disciplined risk selection across equipment types, industries, obligor profiles, transaction structures, and sponsor relationships • Partner with executive leadership to define target markets, concentration limits, return thresholds, and portfolio construction strategy • Monitor macroeconomic trends, industry performance, collateral dynamics, and regulatory developments impacting equipment finance • Maintain strong alignment with regulatory expectations and internal audit standards • Oversee all underwriting activities including new originations, amendments, renewals, and refinancings • Provide final credit review and approval (within authority) on transactions including loans, leases, structured equipment financings, and asset-based structures • Review and challenge underwriting memos, financial models, risk ratings, and sensitivity analyses to ensure accuracy and completeness • Ensure appropriate diligence on obligors, sponsors, collateral, residual values, industry risks, and structural protections • Lead structuring discussions to optimize credit protection, documentation, pricing, and covenant packages • Present and advocate transactions to Credit Committee and senior management • Partner with Portfolio Management to monitor asset quality, trends, and early warning indicators • Oversee risk rating integrity and periodic credit reviews • Proactively identify emerging risks and develop mitigation strategies • Lead strategy discussions on amendments, restructurings, and potential workout situations • Ensure strong documentation standards and covenant compliance monitoring • Design and implement scalable underwriting processes to support growth of the Equipment Finance platform • Drive efficiency through workflow optimization, credit systems enhancements, and reporting automation • Establish portfolio analytics, risk dashboards, and management reporting frameworks • Develop standard templates for credit memoranda, financial modeling, and approval documentation • Partner with Technology and Operations to enhance origination systems and data infrastructure • Serve as a strategic partner to the Managing Director in balancing growth objectives with prudent risk management • Collaborate on pricing strategy, funding considerations, and capital allocation • Engage with external stakeholders including sponsors, large borrowers, and syndication partners as needed • Participate in enterprise-wide risk discussions and contribute to broader credit policy initiatives at the Bank level • Perform other duties as assigned

Job Requirements

  • Associate’s Degree required; Bachelor’s Degree or other advanced degree preferred
  • Minimum of 8 years of commercial finance, equipment finance, structured lending, or asset-based lending experience required
  • Minimum of 1 year of manager experience preferred
  • Extensive experience in equipment leasing and lending structures across diverse asset classes
  • Demonstrated success leading senior underwriting or credit teams
  • Experience operating within a regulated banking environment is strongly preferred
  • Prior Credit Committee experience and delegated lending authority preferred
  • Deep expertise in: Equipment finance credit underwriting/ Collateral valuation and residual risk analysis/ Financial statement analysis and cash flow modeling /Structured transactions and sponsor-backed credits/ Risk rating frameworks and portfolio analytics
  • Strong knowledge of documentation standards, covenant structuring, and regulatory credit requirements
  • Advanced proficiency in financial modeling and credit analytics tools
  • Strategic thinker with the ability to balance growth and risk
  • Strong executive presence and ability to influence senior stakeholders
  • Independent judgment with disciplined decision-making under uncertainty
  • High integrity and commitment to credit culture excellence
  • Collaborative leader who thrives in a growth-oriented, entrepreneurial banking environment
  • 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

Benefits

  • Comprehensive health, dental, and vision plans
  • 4 weeks PTO
  • 401k + company match
  • Metro SmartTrip benefits ($50/mo)
  • Remote or hybrid 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!
  • Best Workplaces for Commuters 2023 & 2024 winner
  • The Washington Post Top Workplaces 2023, 2024, and 2025 winner
  • American Banker Best Banks to Work For 2023 winner

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