Associate, Loan Closing - Bethesda, MD
- Employer
- Capital One
- Location
- Bethesda, Maryland
- Closing date
- May 27, 2021
View more
- Industry
- Financial Services and Banking
- Function
- Finance
- Hours
- Full Time
Job Details
Associate, Loan Closing - Bethesda, MD
The Commercial Operations team in Bethesda, MD is seeking an Associate, 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 Corporate Banking and the Financial Institutional Group. The Associate will serve as the primary contact for driving the closing process of commercial deals in this portfolio, which include new loans, modifications and extensions.
The role includes multiple analytical components such as interpreting legal agreements to board deal terms on our commercial systems, handling ongoing/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.
General Responsibilities:
- Review complex loan documents, initiate and drive deal closing calls that include internal and external deal team members and counsel.
- Ensure documentation accurately reflects the intentions of the credit approval. Work with Relationship Manager/Underwriter to understand the transaction and make sure that all relevant documentation is in place for a timely closing.
- Ensure transactions are closed in compliance with the Bank's loan policy and any other requirements designated by the credit approval.
- Facilitates teamwork and continuity.
- Solid knowledge in relation to job role and pursues gaining new knowledge when required.
- Positively accepts change and engages productively with team and relevant stakeholders.
- Liaise and coordinate pre-closing requirements with internal and external clients (Underwriter, Relationship Manager, Syndication Desk, Borrowers, Lenders).
- Demonstrates ability to balance required regulatory and policy requirements when making decisions.
- Remain current on all pending and proposed regulatory changes affecting compliance.
- Ensure Know Your Customer "KYC" requirements have been met prior to closing a transaction.
- Resolve issues that might impede closing and use judgement to involve the manager and internal counsel when required.
- Complete post-closing steps to ensure that all necessary documentation is received by downstream partners.
- Monitor and clear loan exceptions; respond to audit requests
- Book and fund new loans and related activities in various loan accounting systems.
- Perform process quality reviews of work and comprehensive testing of system enhancements.
- Develop, design, and follow inter-departmental controls and risk reducing processes.
- Prepare and submit periodic departmental, team, and metric reports as needed
- Maintain accuracy and customer satisfaction as the singular priority.
- Other duties as assigned.
Basic Qualifications:
- High School Diploma, GED or equivalent certification
- At least 1 year of banking operations or financial service experience
Preferred Qualifications:
- Bachelor's Degree or Military experience
- At least 2 years of banking operations or financial service experience
- At least 1 year experience with ACBS, Loan IQ or a similar loan accounting system
- At least 1 year of experience with Commercial Loan Closing or Commercial Loan Servicing process
- Familiarity with Salesforce
- Familiarity with Intralinks, SyndTrack or other similar applications
- Strong Word, Excel and PowerPoint skills
- Experience with Google 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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