Community Finance Manager, Underwriting & Portfolio Management at Capital One
The Community Finance Underwriting & Portfolio Management team is responsible for evaluating and underwriting the origination and renewal of credit and investment products offered by the Community Finance group as well as monitoring risk in the portfolio. Community Finance is focused on originating opportunities to support our CRA goals, primarily through Low Income Housing Tax Credits (LIHTC) transactions. In this position the associate will perform due diligence and gather the necessary information from key stakeholders to make sound credit decisions and recommendations.
Our ideal candidate possesses strong presentation, influencing, verbal and written communication skills as well as a high level of attention to detail and the ability to work independently and as part of a team. Additionally the candidate will be skilled at identifying, evaluating and proposing solutions to manage risk.
Additional responsibilities Include:
Understand and employ all lending, investing and regulatory/compliance policies and procedures of the bank and the department.
Independently or under the direction of management or designee, assist in the structuring/underwriting/monitoring of transactions to meet client objectives within appropriate credit and investment guidelines.
Communicate information requirements to clients and other deal constituents. Serve as the central contact for provision of the requested data. Serve as the primary facilitator between the production staff in communications, discussions and negotiations with deal team and bank designated approval staff.
Analyze the affordable housing transaction to identify primary sponsor, construction, conversion and operation risks and work with all stakeholders to ensure risk is mitigated.
Independently or under the direction of management complete and present a written approval request that clearly and concisely outlines the details of the credit action and the basis of the recommendation.
Independently or under the direction of management or designee coordinate the closing of all transactions originated. Work with legal counsel to ensure compliance with approved deal terms and coordinate with internal and external teams to achieve timely closing and initial funding as well as approval for ongoing funding tracking to conditions and milestones per legal documents.
Manage relationships with key market/industry influencers and clients; develop and maintain the company’s relationships with customers, syndicator partners and influencers to expand business and impact.
Bachelor’s degree or military experience
At least 3 years of experience in business development or underwriting or asset management within the field of affordable housing finance or commercial real estate
Master of Business Administration (MBA) or Master’s degree in Finance
5+ years of experience in low income housing tax credits
Experience working with legal counsel
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. 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 City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.
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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).