Specialty Underwriter and Portfolio Manager - Senior Manager, Financial Institutions Group

Capital One
Chicago, Illinois
May 31, 2022
Jun 30, 2022
Full Time
77 West Wacker Dr (35012), United States of America, Chicago, Illinois

Specialty Underwriter and Portfolio Manager - Senior Manager, Financial Institutions Group

The 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 andPortfolio 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).

FIG is an industry specialized group that supports asset managers and originators of commercial and consumer loans. The group has over $14 billion in commitments collateralized by subprime auto loans, consumer installment loans, timeshares, residential mortgages, tax liens, capital call commitments, middle market leveraged loans, ABL, SBA loans, and commercial equipment leases.

Capital One's Financial Institutions Group has a need for Senior Manager level Underwriter to join its Lender Finance / Securitization team. The incumbent will provide underwriting and credit management leadership to cross-functional deal teams in underwriting primarily consumer lender finance transactions. This includes, but is not limited to, borrower due diligence, collateral analysis, structuring, cash flow modeling, negotiation of terms, approval, legal documentation, and closing. The individual will primarily underwrite new transactions, as well as assist in the restructuring of existing transactions, and consult with team members to manage and monitor portfolio accounts.

As a Senior Manager, you demonstrate subject matter expertise in credit risk management and are expected to perform responsibilities independently. In addition to your own job duties, you may play a leadership role across deal teams by guiding and shaping more junior associates. You are trusted with the most complex transactions and solve unique problems because of your experience and job specific skills.

Primary underwriting responsibilities may include :
  • Lead due diligence process and calls; evaluate industry research to draw relevant conclusions on material strengths, risks, and mitigants
  • Assist less experienced team members in financial statement analysis and cash flow analysis
  • Prepare and review financial models independently
  • Coordinate with deal team on appropriate structuring options or overrides to financial models
  • Write and prepare all parts of the credit approval document; may review work of less experienced members of the team; begin to take a leadership role in conversations with internal partners
  • Oversee closing process requirements; review closing memo
  • Prepare term sheets, commitment letters and fee letters with minimal guidance; understand majority of provisions of all credit documents and can provide rationale; review and negotiate documents with guidance from senior team members
  • Drive overall deal process and lead communication with internal and external constituents; constructively improve deal process
  • Delegate spreading and risk ratings to analysts
  • Prepare and/or review pricing models independently; understand drivers for pricing model outputs and consider areas for increasing returns

Additional Responsibilities may include:

  • Build relationships to foster collaboration between partner groups
  • Interact directly with customers to cultivate strong relationships while balancing risk and return
  • Mentor and train rotational analysts and new hires
  • Participate in internal initiatives to ensure the business is well-managed and operates efficiently

Basic Qualifications:
  • Bachelor's Degree or Military Experience
  • At least 5 years of experience in credit underwriting or at least 5 years of experience in portfolio management or at least 5 years of experience in asset management

Preferred Qualifications:
  • Bachelor's Degree in Accounting or Finance
  • 7+ years of experience in credit underwriting or at least 7 years of experience in portfolio management or 7+ years of experience in asset management
  • At least 1 year of leadership (informal or formal) experience with deal teams or analysts



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

No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. 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.

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