Associate -Commercial Loan Closing/Booking - Mclean, VA

McLean 1 (19050), United States of America, McLean, Virginia

At Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Associate -Commercial Loan Closing/Booking - Mclean, VA

Commercial Operations (CML Ops) is one of the largest divisions in the Commercial Bank, this teams scope is horizontal across the bank and as such it supports numerous critical processes and transactions. By incubating innovative solutions and embracing technology, this team creates an unforgettable and unparalleled experience for our associates and clients. One of the most impactful groups in the CML Ops team is the Loan Operations team.

The Commercial Loan Operations team (CLO) supports a total loan portfolio of $110BN and provides ongoing support for the life of the loan. The organization focuses on delivering scale and efficiency, nailing operational risk, providing a beautiful client experience and enabling talented associates to excel. The team is currently growing and searching for an Associate - Loan Operations - Closing.

Job Description & Ideal Candidate:

The role includes analytical components (i.e. interpreting credit agreements) related to various loan/fee accruals, calculations as well as ongoing/ad-hoc reconciliation and remediation, and driving the closing process for commercial loan products, which include new loans, modifications and extensions. The Associate will be the primary contact and decision maker for all aspects of the deal closing process.

The ability to learn quickly and adapt to change are important skills to the role as well as great communication skills and product knowledge. Additionally, important is the ability to clearly convey complex concepts and issues in a concise way; as well as work collaboratively among stakeholders to help facilitate ongoing change management - all while living our core values. This individual's responsibilities will include (but are not limited to):

Responsibilities:

  • Review complex loan documents, initiate and drive deal closing calls that include internal and external deal team members and counsel.
  • Ensure documentation accurately reflects the intentions of the credit approval
  • Facilitates teamwork and continuity
  • Solid knowledge required for role and pursues gaining new knowledge when required
  • Positively accepts change and engages productively with team and relevant stakeholders
  • Ensure transactions are closed in compliance with the Bank's loan policy and any other requirements designated by the credit approval.
  • Work with Relationship Manager/Underwriter to understand the transaction and make sure that all relevant documentation is obtained for a timely closing.
  • Liaise and coordinate pre-closing requirements with internal and external clients (Underwriter, Relationship Manager, Syndication Desk, Borrowers, Lenders)
  • Demonstrates ability to balance required regulatory and policy requirements when making decisions.
  • Remain current on all pending and proposed regulatory changes affecting compliance.
  • Resolve issues that might impede closing and use judgement to involve the manager and internal counsel when required.
  • Complete post-closing steps to ensure that all necessary documentation is received by downstream partners.
  • Monitor and clear loan exceptions.
  • Book new loans and related activities in loan accounting system
  • Perform process quality reviews of work such as cash break analysis and comprehensive testing of system enhancements
  • Develop, design, and follow inter-departmental controls and risk reducing processes.
  • Prepare and submit periodic departmental, team, and metric reports
  • Maintain accuracy and customer satisfaction as the singular priority


Basic Qualifications:
  • Bachelor's Degree or Military Experience


Preferred Qualifications:
  • At least one year of commercial loan servicing experience
  • At least one year of experience with ACBS
  • At least one year of experience with Loantrak
  • Familiarity with Intralinks, SyndTrak or other similar applications
  • Experience with Microsoft office or Google Suite


At this time, Capital One will not sponsor a new applicant for employment authorization for this position.


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