NYC 299 Park Avenue (22957), United States of America, New York, New York
Senior Manager, Capital Officer
In the midst of challenging times, we are beginning to see progress and the light at the end of the tunnel; focused on innovation and opportunity, focused on long term well being for our associates, customers, and communities, focused on disruption and dreaming of a better way. This is the language of changing things for the better; of Capital One.
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.
This associate on the External Affairs Community Finance team will leverage our ability to bring debt and equity investment capital to optimize financing solutions for our clients, while serving as lead marketers for our products and managing specific geographic markets. In this role, you will be expected to leverage partnership building skills to create high impact relationships with stakeholders both internally and externally, judgment skills to prioritize key objectives, recommend product pricing and manage resources toward agreed upon targets, and critical thinking skills to identify, assess and propose solutions for managing risk. The Senior Manager, Capital Officer performs responsibilities independently, but often under the guidance or direction of more senior Capital Officers.
Responsibilities Include:

• Finances transactions with: Low income housing tax credits (LIHTC), balance sheet taxable construction loans and tax exempt bonds, new market tax credits, funding from US Department of Housing and Urban development (HUD), including HOPE VI, RAD & HAP contracts, and public housing, and other state/local governmental financing sources.
• Under the guidance/direction of the Capital Officer Team Lead or designee, plans portfolio growth through the development of a business plan in alignment with departmental budget and consistent with overall Bank objectives.
• Assists other account officers in their efforts to obtain new business and retain existing customer relationships for the bank
• In consultation with the originations manager or designee, performs the proper pre-qualification, structuring, pricing of all debt and proprietary investments in his/her assigned area. Presents deal proposals to originations manager or designee and credit risk manager and keeps deal team informed .
• In consultation with the originations manager or designee, negotiates both debt and equity investments related to community development transactions
• Assists in managing national relationships with fund managers of low income housing tax credits.
• Leads the closing of all transactions originated including working with internal and external teams to obtain final credit approval, achieving timely closing and keeping management informed.
• As part of the closing process, reviews all legal documents to ensure compliance with the approved deal terms.
• Leads coordination with various CF functional teams and other departments in the servicing of client relationships and in resolving any client issues that rise beyond the day to day responsibilities of a Capital Officer.
• Develops relationships with key industry participants (developers, investors, syndicators, brokers) to source equity and debt, primary and secondary transaction opportunities.
• Maintains up to date knowledge of competitor's and local/state housing agencies' products and pricing in the markets served to identify community needs and opportunities for the bank to serve.
• Assists in cross functional initiatives within the bank to further expand product offerings and impact on communities.
• Assists Capital Officer Team Lead or designee manage pipeline process, maintain monthly reporting needs, resource materials for existing and new CRA markets, brand/marketing materials, communication with external stakeholders and form template documents.

Basic Qualifications:

• Bachelor's degree or military experience
• At least 5 years of experience in business development, underwriting, or asset management or any combination of the three
• At least 3 years of experience in the field of affordable housing finance

Preferred Qualifications:

• MBA or Master's degree in Finance or Real Estate Development
• At least 7 years of experience in business development, underwriting, or asset management or any combination of the three
• At least 6 years of experience in the field of affordable housing finance
• At least 2 years of experience working with legal counsel
• At least 2 years of assessing credit risk and structuring transactions to mitigate risk
• Completion of Credit Training Program

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.
Location is New York City
- $151,300 and $178,500 for Sr. Manager, CF Capital Officer
Candidates 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 candidate's offer letter.
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).