Commercial Loan Closing Associate- Bethesda, MD

Bethesda Metro Center (17049), United States of America, Bethesda, Maryland

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.

Commercial Loan Closing Associate- Bethesda, MD

Role Summary:

Capital One Commercial Operations is looking for candidates to support the growing Commercial Loan Operations Closing Team. The team supports day to day operations of loans pertaining to unique or niche industries that require special handling and industry knowledge. The primary function is loan booking and closing within the various lines of business that Capital One Commercial Loan Operations supports. 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 to 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 work collaboratively among stakeholders to help facilitate ongoing change management - all while living our core values.

Some Primary Functions:

  • 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 enhancement
  • Develop, design, and follow inter-departmental controls and risk reducing processes
  • Prepare and submit periodic departmental, team, and metric report
  • Maintain accuracy and customer satisfaction as the singular priority

Basic Qualifications:
  • Bachelor's degree or Military Experience

Preferred Qualifications:
  • 1 year of experience with commercial loan operations
  • 1 year of experience with ACBS
  • 1 year of experience with Loantrak
  • 2 years of closing experience
  • 3 years of commercial loan servicing experience
  • 3 years of experience with Microsoft Suite

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

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