Junior Special Assets Officer, Principal Associate

Employer
Capital One
Location
New York, New York
Posted
Jun 13, 2022
Closes
Jul 13, 2022
Ref
R140202
Function
Finance
Hours
Full Time
NYC 299 Park Avenue (22957), United States of America, New York, New York

Junior Special Assets Officer, Principal Associate

Job Description:

Supports Special Assets Officers ('SAOs') who are managing a portfolio of stressed or distressed Cash Flow, ABL or Real Estate loans and treasury management services (including deposit relationships). Jr SAO helps strategies to maximize recovery by providing analytical support including financial statement spreading, collateral analysis, and projection modeling. Jr SAO helps to evaluate customer relationships to determine a divestiture or retention plan and may assist in identifying opportunities to restructure and/or cross sell Bank products to maintain customer relationships where appropriate. Together with SAOs, clearly present updates on deal strategy and progress on resolution to the business senior leadership team ('SLT').

Responsibilities:

- Monitors financial performance, helps to establish action plans to correct problem issues, monitors collateral value and provides continuous diligence to mitigate risk of loss to the bank.

- Financial modeling to support decision making related to debt restructurings.

- Advocate for the Bank's interest within lending syndicates

- Maintain the bank's proprietary portfolio tracking system with financial and customer information to support real time decisions by SAOs and SLT.

- Consults with inside/outside legal counsel to 1) protect Bank's security and collateral; 2) negotiate waivers and forbearance agreements; and 3) document transaction restructurings in conjunction with workout strategy.

- Work with Accounting and Finance functions to ensure proper treatment and reporting of workout loans, including help with estimating impairments and/or charge offs.

- Responsible for reporting and portfolio analysis related to Criticized loans

- Participate in portfolio reviews and Watch List reviews

- Perform quarterly Impairment Analysis to determine loan and collateral/company value through multiple methods including discounted cash flow analysis

- Ad hoc projects to support the Special Assets Group ('SAG').

Basic Qualifications:
  • Bachelor's Degree or military experience
  • At least 2 years of commercial loan underwriting experience or at least 2 years of financial analysis experience or at least 1 year of commercial loan underwriting and at least 1 year of commercial loan workout experience


Preferred Qualifications:
  • Master's Degree in Business (MBA)
  • At least 2 years of commercial loan underwriting experience
  • At least 2 years of loan workout experience
  • At least 1 year of experience in Google Suite
  • Strong communication and collaboration skills
  • Strong problem solving and influencing skills


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.

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).

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