Associate, Partner Finance

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.

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.

Duties and Responsibilities

• Work with large amounts of loan-level data on a regular basis, including daily and monthly files from third-party servicers and loan sellers covering thousands of loans and dozens of data fields, and be comfortable validating, organizing and reconciling it
• Perform the daily reconciliation of position and cash: confirm that each loan's balance rolls forward correctly to the cent, and that cash received matches expected collections net of servicing fees, recoveries and other adjustments
• Investigate and resolve reconciliation breaks with servicers, including returned payments and payment reversals, status changes without matching cash, loans removed without a payoff or charge-off, charge-off reversals and repurchases; document each exception and its resolution
• Perform the monthly reconciliation and close of the portfolio, producing the monthly loan-level record, delinquency roll reports, and charge-off, recovery, settlement and modification detail
• Maintain the division's shadow accounting records for purchased loans, including interest accrual and nonaccrual treatment, premium and discount amortization, charge-offs, recoveries and the allowance for credit losses; reconcile these records to the Bank's general ledger and explain any variances
• Prepare portfolio management and accounting reporting for reviews on a regular basis, including portfolio returns against the division's accounting return targets and actual performance against forecast
• Support the settlement of new loan pool and forward flow purchases, including closing statements, purchase price and accrued interest true-ups, and opening accounting entries
• Assist in the gathering, preparation and maintenance of required reports for internal stakeholders, such as Compliance, Risk, Credit and management committees, including servicer performance, delinquency and loss trends, and program limits
• Communicate with servicers, loan sellers, Bank Finance and Treasury regularly for both data gathering and relationship building
• Document, standardize and automate recurring reconciliation and reporting processes, including through the use of data and AI tools, so that they are repeatable and auditable
• Assist the division President with ad hoc, portfolio management and internal reporting requests
• Perform other duties as assigned

Qualifications

• Associate's Degree required; Bachelor's Degree with a focus on accounting, finance, economics or another quantitative field preferred
• Minimum of 2 years of experience in a bank controllership, legal entity control, product control, fund accounting, loan operations, bank finance or accounting, public accounting (audit), and/or structured finance reporting role required
• CPA or CPA candidate preferred; CAIA a plus
• Experience accounting for loan portfolios at a bank, investment fund or loan trading desk preferred
• Working knowledge of loan accounting, including loan balance roll-forwards, interest accrual and nonaccrual, and premium and discount amortization
• Familiarity with bank regulatory or financial reporting a plus
• Familiarity with consumer loan concepts such as delinquency status, charge-offs, recoveries, settlements and modifications preferred
• Advanced Excel skills, including lookups, pivot tables and reconciling data sets of 10,000+ rows; proficiency with Microsoft Office tools (Outlook, Word, PowerPoint, Excel)
• Experience with SQL, Python or similar data tools a plus
• Comfortable with technology, including LLMs and other AI tools, and with verifying their output
• Acute attention to detail; not satisfied until balances and cash tie out, and raises breaks early rather than working around them
• Verifies figures at the source rather than relying on prior reports or third-party data
• Curious; wants to understand why a number changed, not only that it changed
• Self-motivated, self-directed and diligent; confirms the request, then takes ownership through completion
• Excellent verbal, written, and interpersonal communication skills; works effectively with internal teams and external counterparties
• Writes clearly and plainly, reporting facts without overstatement
• Strong organizational and time management skills; able to meet daily and month-end deadlines
• Can work independently and within a team; solution-oriented with a collaborative approach

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.
• 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 matters and relationships endure, we create differentiation that is defensible and lasting.
• Clients: We exist to advance our clients’ success and to help them grow. We listen deeply, think creatively, and deliver solutions that solve problems, drive impact and add value. Every client relationship is built on partnership, performance, and purpose.
• Shareholders: We are committed to creating exceptional value for our shareholders. We invest for the long term and view our shareholders as partners - not observers - in value creation. We allocate capital wisely, execute with precision, and continuously adapt our business model to pursue the most attractive, risk-adjusted returns. We work to make rational decisions, avoid unnecessary complexity, maintain strong liquidity and capital, and communicate with clarity and honesty. We measure success both by current performance and by the durability and quality of the long-term value we build.
• Communities and the Environment: We believe prosperity and responsibility go hand in hand. We invest in inclusive opportunity and environmental stewardship. Our goal is simple - to do our part build a brighter, more sustainable future for the communities we serve and the world we share.

• Employment with Forbright Bank is at-will, which means that either you or the Company may terminate the relationship at any time.
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