Associate, Commercial Loan Closing (Construction Loans)

Associate, Commercial Loan Closing (Construction Loans) Are you looking for a challenging role that includes the convenience of working virtually at home? Then a Capital One Commercial Operations role may be the role for you! You must be within 50 miles driving distance from one of our Capital One hub locations in Richmond, VA or McLean, VA The Associate, Loan Closer (Construction Loan Administrator) drives the drawing process for commercial loan products, which include ground-up construction, renovations, and tenant improvements.

The Associate will be the primary contact for the Borrower and Asset Manager for all aspects of the construction draw process. General Responsibilities : Review complex loan agreements, budgets, draw requests, budget allocations, title endorsements, and releases to drive the construction draws during the life of the project. Interact with Asset Manager, Underwriters, Relationship Managers, engineers, borrowers, agent banks and insurance agents, etc.

Ensure documentation accurately reflects the drawing process as outlined in the Loan Agreement Facilitates teamwork and continuity Solid knowledge required for the role and pursues gaining new knowledge when required Positively accepts change and engages productively with the 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 Asset Manager/Engineer to coordinate funding of the draws and acquire necessary documentation and resolve any project issues that arise. Ensure draws are funded within the time requirements set forth in the Loan Agreement.

Liaise and coordinate requirements with internal and external clients (Asset Manager, Engineer, Syndication Desk, Borrowers, Lenders) Demonstrates the ability to balance required lien law and policy requirements when making decisions. Remain current on all pending and proposed lien law changes affecting compliance. Resolve issues that might impede funding and use judgment to involve the manager, asset manager, and engineer when required.

Work from Home Technology Requirements : A secure home office environment that is free from background noise and distractions A reliable private internet connection that is not supplied via cellular data or hotspot A private network that is password protected where you have ownership or line of sight to every device on the network Internet service must be provided by Cable or fiber Internet Service Provides (ISP) Hotspots and satellite services are prohibited and do not meet performance criteria required for optimal agent/customer interactions ISP download speeds on VPN must be at least 5Mbps, with 10+ Mbps preferred To validate ISP speeds from a Chrome browser, go to www.google.com , type Speed Test and run from the Google landing page Both Hardwire and WiFI internet connections are acceptable as long as speed and security requirements are met Capital One reserves the right to request proof of internet provider, speed and service package from the associate. Requirements are subject to change, as new systems and technology are delivered. Capital One reserves the right to modify internet service requirements with sixty (60) days notice.

Internet Service Provider specs can change by provider and location within the US. If you are experiencing consistent issues with internet stability Capital One reserves the right to ask the agent to upgrade internet service to ensure a good customer experience. Work from Home Living Requirements : Candidates must live within approximately 50 miles from one of the hub locations based in 23238 or 22102 and be comfortable coming in person whenever required with no less than 24 hours notice.

Basic Qualifications : High School Diploma, GED or equivalent certification At least 1 year of banking operations or financial services experience Preferred Qualifications : Bachelor’s Degree or Military experience 2+ years of loan closing or construction funding experience 2+ years of experience with ACBS 2+ years of experience reviewing Loan or Legal Documentation 2+ years of experience with Intralinks or SyndTrack At this time, Capital One will not sponsor a new applicant for employment authorization for this position. #CommOps 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: $73,300 - $83,700 for Closing Associate Richmond, VA: $66,700 - $76,100 for Closing Associate 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 .

Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level. 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, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

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. For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

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).