Associate, Specialty Underwriter

Associate, Specialty Underwriter & Portfolio ManagerThe Underwriting and Portfolio Management organization is responsible for working with internal partners to underwrite new transactions and manage the existing portfolio of loans. Our Underwriters and Portfolio Managers balance supporting the Commercial's Bank's growth and ensuring we have a scalable, well-managed business. This role supports the Financial Institutions Group (FIG). As an Associate, Underwriting & Portfolio Management, you have advanced beyond the fundamentals of credit risk management and are expected to perform most responsibilities with minimal oversight. In addition to identifying risks and mitigants, you begin to identify and escalate trends or anomalies on individual deals or within the portfolio.Primary underwriting responsibilities may include:Perform due diligence on industry and company performance; synthesize research and begin to draw conclusions; may start to lead diligence callsPerform thorough financial analysis and identify disparities, risks, and creative ways to mitigate riskPrepare financial modeling inputs with little guidance; understand model mechanics and consider overrides or exceptionsAnalyze appropriate structuring options considering collateral and borrower valuationWrite and prepare credit approval documents; provide meaningful contribution to internal meetings, including deal review and pipeline meetingsCoordinate and complete closing process requirementsBegin to shadow more senior underwriters on reviewing and negotiating legal documentationCommunicate with all external constituents; exhibit a sense of urgency toward meeting client requestsPrepare term sheets, commitment letters and fee letters with guidance; basic understanding of credit documentsPrepare pricing model for complex deal structures and begin to understand drivers for pricing model outputsPrimary portfolio or asset management responsibilities may include:Demonstrate ownership of a portfolio of existing customers with minimal guidance; may take on more complex or higher volume of accountsComplete annual reviews and both material and non-material modifications independently and on timeMonitor and determine upgrades or downgrades to risk ratingsEnsure compliance with credit policies and procedures for existing accountsRespond to requests from all internal and external stakeholdersEnsure portfolio data is accurate, timely, and complete to ensure strong quality and reporting capabilitiesEscalate and resolve problem accounts in partnership with other teams and specialistsAdditional Responsibilities may include:Build relationships across function and business to foster collaboration between partner groupsMentor and train rotational analysts and new hiresParticipate in internal initiatives to ensure the business is well-managed and operates efficientlyBasic Qualifications:Bachelor's Degree or Military ExperienceAt least 3 years of experience in credit underwriting or at least 3 years of experience in portfolio management or at least 3 years of experience in asset managementPreferred Qualifications:Bachelor's Degree in Accounting, Finance, or other relevant fields5+ years of experience in credit underwriting or portfolio management or asset managementAt 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.McLean, VA: $158,400 - $180,800 for Associate, Specialty Underwriter & Portfolio Manager 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 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 the Capital One Careers website.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.