Portfolio Manager, Community Finance
Vienna, Virginia
October 30, 2016
Position Type:
Full Time
NYC 299 Park Avenue (22957), United States of America, New York, New York

Portfolio Manager, Community Finance

Portfolio Manager, Community Finance

Location: New York, NY; McLean, VA (Washington, DC area)

In today's fast-paced, endlessly segmented financial service arena, it's all about having expertise in specialized disciplines. Do you have knowledge where it really counts - in Community Finance? If so, it's time you consider joining a fast-paced, collaborative environment that appreciates and rewards your experience.

Imagine a Fortune 500 company with a real innovative streak. A financial powerhouse poised to redefine its industry. Yes, Capital One has moved into the world of retail banking! Capital One Financial Corporation is a holding company offering an unmatched range of financial products and services to consumers, small businesses and commercial clients. With over 700 branches, our footprint includes: New York, New Jersey, Connecticut, Texas and Louisiana and our ambitions are truly national.

So what does this mean for you? How about the chance to excel in our supportive, team-oriented environment. To be challenged to advance your skills alongside the brightest talent in the business. And to take on important responsibility from day one while building a rewarding career all with a fast-growing industry leader.

•   Manage a portfolio of Community Finance construction and permanent loans and low-income housing tax credit (LIHTC) fund investments from pre-closing to repayment or end of term.
•   Monitor loans for compliance with terms and conditions.
•   Monitor repayments and research and resolve past due loan issues.
•   Collaborate with Loan and Investment Administration to review and approve periodic construction loan advances, with particular attention to sources of funds, and resolve complex administrative issues.
•   Perform quarterly review of the progress of construction projects including post-closing issues, sources and uses of funds, lease-up or sales and conversion to permanent finance.
•   Manage modifications and extensions of loans; collaborate with the workout team, if necessary.
•   Review and make recommendations about risk ratings.
•   Collaborate with Loan and Investment Administration and legal counsel to complete the conversions of construction loans to permanent loans.
•   Monitor LIHTC fund investments by review of Syndicator fiscal health and competency, fund watchlist and variance from initial yield.
•   Support accounting function by monitoring LIHTC fund benefit schedules, financial statements and Schedule K-1s.
•   Perform annual Asset Reviews or more frequently, as needed, including site inspections and guarantor analysis.

Basic Qualifications:
•   Bachelor's Degree or military experience
•   At least 3 years of experience in the underwriting and/or portfolio management of commercial real estate and/or community finance construction loans or LIHTC fund asset management.

Preferred Qualifications:
•   Strong oral and written communication, presentation and influencing skills with a high level of attention to detail.
•   Completion of credit training program.

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

A little about us:
Headquartered in McLean, Virginia, Capital One® offers a broad array of financial products and services to consumers.

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