Director- Lead Underwriter and Portfolio Manager

Capital One
Chicago, Illinois
Jun 22, 2022
Jul 22, 2022
Full Time
77 West Wacker Dr (35012), United States of America, Chicago, Illinois

Director- Lead Underwriter and Portfolio Manager

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 and Portfolio Managers balance supporting the Commercial's Bank's growth and ensuring we have a scalable, well-managed business.

This role supports the Diversified Industries group. Capital One's Diversified Industries group provides leveraged financing solutions to medium to large companies (either public, private or sponsor-backed) for leveraged buyouts, corporate growth, refinancings and recapitalizations. The Diversified Industries portfolio consists of over 350 clients and $18 billion in credit exposure.

As a Lead Underwriter & Portfolio Manager, you are considered a deep subject matter expert in credit risk management or commercial lending for a specific line of business. In addition to performing your responsibilities autonomously, you may play a leadership role across deal teams by guiding or shaping less experienced associates. You are trusted to complete complex transactions or solve more unique problems because of your experience and job specific skills.

Primary underwriting responsibilities may include:
  • Lead and compile due diligence to draw conclusions on material current and future risks and mitigants; identify performance drivers, project future performance, and anticipate ability to repay debt; apply industry research across transactions and share key takeaways across the organization
  • Oversee deal team(s), including delegating and reviewing work, providing feedback, and coaching and developing less experienced member of the team
  • Leverage deep expertise in industry trends and market analysis to present findings and potential opportunities to senior management with ease
  • Anticipate questions that will be raised during deal review and approval meetings
  • Assist and develop procedures to ensure less experienced team members understand financial statement analysis and cash flow analysis
  • Review financial models independently and incorporate complex structures or nuances
  • Propose appropriate structuring options in tandem with deal team
  • Interpret pricing model outputs in context of business return hurdles and consider areas for increasing returns
  • Write and prepare all parts of the credit approval document independently; identify need for supplemental analysis and discussion; review work of less experienced members of the team
  • Oversee closing process requirements; review closing memo
  • Lead documentation process and negotiate provisions of term sheets, commitment letters, and fee letters with internal and external counsel as well as clients
  • Independently lead all aspects of process for complex deals, including special circumstances, higher approval requirements, and setting overall expectations

Primary portfolio or asset management responsibilities may include:
  • Manage most complex or highest risk portfolio of accounts independently including amendments, refinancing, and recaps; review portfolios of less experienced team members; review and monitor health of portfolio accounts, drive customer retention and performance against expectations
  • Proactively anticipate issues, draw parallels from other accounts to own account; resolve problem accounts in partnership with other teams and specialists
  • Review and approve annual reviews and both material and non-material modifications
  • Facilitate and leads quarterly portfolio reviews; prepare watch and criticized reports for quarterly meetings & annual reviews
  • Review past due reporting, covenants, and payments and remediate with the appropriate party
  • Ensure portfolio data is accurate, timely, and complete to ensure strong quality and reporting capabilities

Additional Responsibilities may include:
  • Build relationships across function and business to foster collaboration between partner groups
  • Interact directly with customers to cultivate strong relationships while balancing risk and return
  • Consult with legal or Special Assets Department
  • Mentor and train rotational analysts and new hires
  • Participate in internal initiatives to ensure the business is well-managed and operates efficiently
  • Ensure compliance with credit policies and procedures

Basic Qualifications:
  • Bachelor's Degree or Military Experience
  • At least 8 years of experience in credit underwriting or at least 8 years of experience in portfolio management or at least 8 years of experience in asset management

Preferred Qualifications:
  • Bachelor's Degree in Accounting, Finance, or other relevant fields
  • 10+ years of experience in credit underwriting or portfolio management or asset management
  • Previous leadership 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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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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