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Associate, Loan Operations Closer - Bethesda, MD

Employer
Capital One
Location
Bethesda, Maryland
Closing date
May 25, 2021

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Job Details

Bethesda Metro Center (17049), United States of America, Bethesda, Maryland

Associate, Loan Operations Closer - Bethesda, MD

The Commercial Operations team in Bethesda, MD is seeking an Associate, Loan Closer who possesses a thorough understanding of the basic principles governing commercial loan documentation and operations to support the Commercial Operations Closing team. The primary functions of this role include the closing, booking, and ongoing servicing activities supporting various lines of business within Commercial Real Estate. The Associate will serve as the primary contact for driving the closing process of commercial deals in this portfolio.

The role includes multiple analytical components such as interpreting legal agreements to board deal terms on our commercial systems, handling ongoing and ad-hoc servicing, reconciliation and remediation related to managing various accruals and balances.

The ability to learn quickly and to adapt to change are important skills to the role as well as great communication skills and product knowledge. Additionally, important is the ability to clearly convey complex concepts and issues in a concise way; as well work collaboratively among stakeholders to help facilitate ongoing change management.

Job Description & Ideal Candidate:
  • Drive the closing process for commercial loan products, including documentation gathering, submission of necessary paperwork, due diligence work.
  • Identifies the expectations of the customer and takes actions to support the customer experience
  • Demonstrates ability to balance data with other factors when making decisions.
  • Work with Relationship Manager/Underwriter to gain an understanding of the key structural issues of loan transactions.
  • Liaise and coordinate pre-closing requirements with internal and external clients (Underwriter, Relationship Manager, Syndication Desk, Borrowers, Lenders) and with Capital Markets and Risk Operations
  • Review legal documents and advise on funding mechanics and operational requirements as it pertains to internal booking locations, regional and currency policies
  • Monitor and administer participations, including sending wire transfers and processing payments and fees
  • Book and fund new loans and related activities in the loan accounting system.
  • Articulate and focus within direct sphere of influence and when interacting with outside teams.
  • Plans and balances workload
  • Proactively identifies issues/opportunities and progresses appropriately
  • Develops and provides guidance to others in team by sharing knowledge and training
  • Can work in an ambiguous environment
  • Remain current on all pending and proposed regulatory changes affecting compliance.
  • Accommodate occasional surges in transition volume, and have flexibility to deal with last minute changes
  • Receipt and Delivery of Original Collateral to Custodian
  • Ability to complete tasks in consistent and timely manner
  • Strong written and oral communication skills
  • Strong organizational skills and attention to detail
  • Strong interpersonal skills and professional demeanor


Basic Qualifications:
  • High School Diploma, GED or equivalent certification


Preferred Qualifications:
  • Bachelor's Degree or Military experience
  • 1 year of experience with ACBS or Loan IQ
  • 1 year of experience with Loan Documentation or Legal Documentation
  • 1 year of experience with Intralinks or SyndTrack
  • 1 year of experience with Google or Microsoft Suite


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

Company

We Don’t Only Think Big Things—At Capital One, We Do Big Things.

You’re dedicated to your career. You deserve professional satisfaction and personal fulfillment. You belong at Capital One.

Here, every day brings another chance to do impactful work that matters: helping millions of customers confidently manage their money, building stronger communities and delivering truly disruptive tech. You’ll give your all alongside some of the brightest, most resilient people in the industry—and in return, you’ll enjoy the growth opportunities, support, flexibility and benefits you need for an exhilarating life both on and off the job.

Be inspired. Be yourself. That’s #LifeAtCapitalOne.

Creating a Culture of Belonging

At Capital One, we value diversity, inclusion and belonging at our core. We’re building a place of belonging—where everyone can feel seen, heard, valued and free to be their authentic selves. We want to be a place of opportunity—where associates from all backgrounds innovate for our customers and communities, and build meaningful, fulfilling careers.

We endeavor to be a welcoming and inspiring place for all. We seek and embrace diversity. And we’re committed to having a diverse and inclusive workforce, focused on increasing the representation of underrepresented groups, strengthening our culture of inclusion and belonging and harnessing our scale to invest in our communities.

We’re focused on three core principles to advance diversity, inclusion and belonging across Capital One:

Create a culture of belonging where everyone can thrive and innovate

Attract and develop talent from all backgrounds and experiences

Ensure our systems and programs promote fairness and equity

Get a career with more at Capital One.  Discover it for yourself today.

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, sexual orientation, gender identity, protected veteran status, disability or other protected status.

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