Associate, Commercial Loan Closing (Construction Loans)

2 days left

Capital One
Melville, New York, United States
Apr 30, 2023
May 30, 2023
Full Time
1307 Walt Whitman (22600), United States of America, Melville, New York

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 Ops role may be the role for you! You must be within 100 miles driving distance from one of our Capital One hubs in Melville NY, McLean, VA or Plano, TX.

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 at 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 by using cellular data (hot spot)
    • Cable or fiber connections are preferred
    • Internet service download speeds must be at least 5 mbps, with 10+ mbps preferred - check your download speed using a speed test. A sample one can be found here . To test your home internet from your personal computer at home, type into the web browser of your personal computer.
    • Sustained ability to maintain latency less than 250 ms in voice calls is required
  • Hard wired connectivity is preferred, any use of wireless connectivity must be Private (non-public) and password protected through WPA2-PSK (AES) encryption. If you have any questions about your encryption, please consult with your internet provider
    • A private network is password protected where you have ownership or line of sight to every device on the network
  • 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.

Candidates must live within 100 miles driving distance of one of the hub locations based in Melville NY, McLean, VA or Plano, TX.

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
  • Experience with ACBS
  • 1+ years of experience reviewing Loan or Legal Documentation
  • 1+ years of experience with Intralinks or SyndTrack

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

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.

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 . 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

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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).