Sr. Associate, Loan Closer - Community Finance
Sr. Associate, Loan Closer - Community Finance
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Job Description
Global Enterprise 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.
Role Summary:
As a Loan Closer under the direction of management or designee you will play a key role in ensuring smooth loan closings directly impacting clients and supporting the success of the Community Finance group. This role involves working on diverse loan transactions including those with bond components and requires strong analytical skills to interpret complex credit agreements. You will be instrumental in driving the closing process for a variety of Community Finance loan products fostering a culture of trust and efficiency in a fast-paced environment. Our team is committed to providing exceptional servicing and you will be a key player in achieving this goal. Effective communication and prompt resolution of any issues during the closing process are essential for success.
The Senior Associate will drive the loan closing process in support of the underwriter and capital officer groups including the review of credit approvals legal documentation due diligence and funding & booking mechanics. The ability to learn quickly and to adapt to change are important skills in this role. Additionally important are effective communication skills product knowledge & the ability to clearly convey complex concepts and issues in a concise way.
Key Responsibilities:
Support the closing of loans where Capital One is the Lender or Administrative Agent
Serve as the operational point of contact for the group during the pre-closing process
Support loan closings for a variety of products across various industries including construction loans & letters of credit
Review complex legal documents and commercial loan documents to ensure documentation accurately reflects the intentions of the credit approval that it complies with bank policies & procedures industry standards and is operationally feasible to support. This includes careful review for non-syndicated deals as well ensuring accuracy against credit approval and compliance with policies
Provide feedback on draft documents pertaining to loan booking and servicing mechanics
Coordinate the completion of pre-closing requirements with internal & external clients (underwriters borrowers lenders and legal counsel)
Collection and review of third-party reports (appraisals environmental Plan and Cost) & commercial insurance in consultation with real estate & insurance specialists
Resolve issues that might impede closing and use judgment to involve the manager and internal partners when required
Execute loan closing funding & booking activities in ACBS in collaboration with all parties
Execute and/or review of Transaction Summary Forms wire set-up/approval and new deal bookings
Monitor and prompt resolution of exception reporting and cash reconciliation outages
Create or assist in drafting of operational incident reports partnering with Commercial Risk on root cause analysis remediation and prevention
Effectively communicate deal information & coordinate hand-offs to the life-of-loan servicing team
Compile collateral package & route to Collateral Monitoring group
Coordinate the closing of ongoing amendments as the Administrative Agent
Additional tasks include the reconciliation of cash breaks & fee income generation of reports & metrics and testing of process & system enhancements
Develop design and follow inter-departmental controls and risk reducing processes
Ensure Know Your Customer KYC requirements have been met prior to closing a transaction
Complete post-closing activities to ensure that all necessary documentation is received by downstream partners
Basic Qualifications:
At least 3 years of experience in loan operations loan closing construction management or any combination of the three
Preferred Qualifications:
Bachelors degree or military experience
3 years of experience with Commercial Loan Booking or Commercial Loan Servicing
1 years of experience working with ACBS
Proficiency with Microsoft and Google products
Experience with Excel VBA and JavaScript
Strong communication skills
At this time Capital One will not sponsor a new applicant for employment authorization for this position.
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.
Richmond VA: $64700 - $73900 for Process ManagerCandidates 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
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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:
Senior IC
Employment Type
Full-Time
