Manager, Underwriting Capital One, a Fortune 500 company and one of the nation's 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 company-and a great place to work.
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 • Government and Political Affairs Group • Regulatory Relations • 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, manages and administers the portfolio of debt and equity exposure, and ensures a scalable and well-managed business. The team endeavors to create an environment that supports efficient and impactful risk management.
Ideal Candidate 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 relationships, 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.
Job Summary As a Manager, you will independently lead underwriting efforts under the guidance of a senior UWPLM leader. You will work closely with internal and external stakeholders to fulfill primary responsibilities. In addition, you will train and mentor junior associates. This role requires strong critical thinking skills, leadership, strong communication skills, and the ability to navigate through complex problem-solving to drive to consensus.
Primary Responsibilities:
• Manage initial risk assessment, underwriting, and credit analysis for new investments in alignment with the business risk appetite and in compliance with policies and procedures • Mentor junior team members and support their professional growth • Identify and drive process improvements to enhance business efficiency
Basic Qualifications:
• Bachelors Degree or Military Experience • At least 3 years of experience in underwriting, asset management, or portfolio management or any combination of the three in the field of affordable housing or commercial real estate
Preferred Qualifications:
• Master's degree in Finance, Real Estate, or a related field • 5+ years of experience in underwriting, asset management, or portfolio management in affordable housing • Experience with construction lending, LIHTC investment, and syndication • Strong financial modeling and credit analysis skills
Salary Information 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.
McLean, VA: $164,800 - $188,100 for Agency UW & PM II
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.
This role is also eligible to earn performance-based incentive compensation, which may include cash bonuses and/or long-term incentives (LTI). Incentives could be discretionary or non-discretionary depending on the plan.
Benefits Capital One offers a comprehensive, competitive, and inclusive set of health, financial, and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
Application Information 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.
Contact Information 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 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
Technical Support For technical support or questions about Capital Ones recruiting process, please send an email to Careers@capitalone.com.
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Company Information 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).