Director, Credit and Underwriting – Equipment Finance
Forbright Bank
full-time
Posted on:
Location Type: Remote
Location: United States
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Salary
💰 $175,000 - $200,000 per year
Job Level
About the role
- 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
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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
credit underwritingcollateral valuationresidual risk analysisfinancial statement analysiscash flow modelingstructured transactionsrisk rating frameworksportfolio analyticsdocumentation standardscovenant structuring
Soft Skills
strategic thinkingexecutive presenceinfluenceindependent judgmentdecision-makingintegritycollaborative leadershipproblem-solvingtime managementadaptability
Certifications
Associate’s DegreeBachelor’s Degreeadvanced degree