Principal Associate, Underwriter
Principal Associate, Underwriter
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Job Description
Capital One a Fortune 500 company and one of the nations top 10 banks offers a broad spectrum of financial products and services to consumers small businesses and commercial clients. Our goal is to create one of the nations great banks and we have the necessary ingredients: a strong balance sheet resilient businesses a massive customer franchise strong analytical capabilities and great people. We nurture a work environment where people with a variety of thoughts ideas and backgrounds guided by our shared values come together to make Capital One a great companyand a great place to work.
About External Affairs and the UWPLM Team:
External Affairs works with many external and internal stakeholders to envision and create a world of greater socioeconomic opportunity through advocating for an inclusive society building thriving communities and creating financial tools that enrich lives. Our teams include Communications Community Impact and Investment Community Finance CRA Strategy and Program Management the Government and Political Affairs Group Regulatory Relations and Strategy and Engagement. Through our teams we have unparalleled access to a diverse group of motivated changemakers similarly focused on the ingredients for a more perfect future.
Community Finance builds inclusive thriving resident-centered communities that catalyze opportunity and promote well-being. The team originates debt and invests in the low income housing tax credit through proprietary and multi-investor fund structures.
The Underwriting Portfolio & Loan Management (UWPLM) team is an integral part of Community Finance that is responsible for the risk assessment evaluation management and administration of individual loans and investments and the entire portfolio. The team underwrites new affordable housing transactions manage and administer the portfolio of debt and equity exposure and ensure a scalable and well-managed business. The team endeavors to create an environment that supports efficient and impactful risk management.
Our ideal candidate possesses critical thinking skills demonstrates the willingness and ability to provide effective challenge strong risk orientation strong analytical skills concise verbal and written communication skills high level of attention to detail ability to manage internal and external relationship ability to work independently and as part of a team problem solving skills risk management skills as well as a high level of attention to detail and the ability to work independently and as part of a team. While serving in this role it is expected that the incumbent will gain experience in all facets of departmental risk management strategy and operations and proactively identify areas for process improvement. It is also expected that the incumbent will be a culture carrier and show initiative in maintaining a positive and harmonious work environment.
Role Summary:
As a Principal Associate you independently take on a broader scope of responsibility underwriting transactions. You will assist in underwriting new investments and overall portfolio performance This position requires a solid understanding of transaction structures transaction and portfolio level risks financial analysis operational and financial risk.
Primary Responsibilities:
Lead sections of underwriting and analysis of individual debt or equity facilities in alignment with the business risk appetite and in compliance with policies and procedures
Manage portfolio risk and collaborate with internal risk teams to ensure compliance.
Identify and implement efficiencies in underwriting and portfolio management processes.
Basic Qualifications:
Bachelors degree or military experience
At least 3 years of experience in underwriting asset management portfolio management or any combination of the three
Preferred Qualifications:
Masters degree in Finance Real Estate or a related field
Experience with construction lending LIHTC investment syndication or asset management
Strong critical thinking credit analysis and problem solving skills
The minimum and maximum full-time annual salaries for this role are listed below by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
New York NY: $139100 - $158700 for Agency UW & PM ICandidates hired to work in other locations will be subject to the pay range associated with that location and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidates offer letter.
This role is also eligible to earn performance based incentive compensation which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.Capital One offers a comprehensive competitive and inclusive set of health financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status exempt or non-exempt status and management level.
This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE including disability/vet) committed to non-discrimination in compliance with applicable federal state and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries including to the extent applicable Article 23-A of the New York Correction Law; San Francisco California Police Code Article 49 Sections 4901-4920; New York Citys Fair Chance Act; Philadelphias Fair Criminal Records Screening Act; and other applicable federal state and local laws and regulations regarding criminal background inquiries.If you have visited our website in search of information on employment opportunities or to apply for a position and you require an accommodation please contact Capital One Recruiting at 1- or via email at . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
For technical support or questions about Capital Ones recruiting process please send an email to
Capital One does not provide endorse nor guarantee and is not liable for third-party products services educational tools or other information available through this site.
Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).
Required Experience:
Staff IC
Employment Type
Full-Time
