Senior Closing Associate - Commercial Operations

Employer
Capital One
Location
McLean, Virginia
Posted
Jan 14, 2022
Closes
Feb 13, 2022
Ref
R131676
Function
Finance
Hours
Full Time
Center 1 (19052), United States of America, McLean, Virginia

Senior Closing Associate - Commercial Operations

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 our Capital One hub in Mclean, VA.

The Senior Closing Associate is an experienced, qualified individual who possesses a thorough understanding of the basic principles governing loan documentation and perfection of security interests. They will drive the closing process for commercial loan products, including documentation gathering, submission of necessary paperwork and due diligence work.

General Responsibilities:
  • 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.
  • Ensure that new loans and renewals are closed in compliance with the Bank's loan policy and in compliance with any other requirements designated by the credit approval.
  • Work with Relationship Managers/Underwriters 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)
  • Review legal documents and advise on funding mechanics and operational requirements as it pertains to internal booking locations, regional and currency policies
  • When necessary, review title commitments and surveys to ensure that they do not contain any exceptions that are unacceptable to the Bank.
  • Monitor and administer participations including sending wire transfers and processing payments and fees
  • Articulate and focus within the 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.
  • Monitor and clear loan exceptions.
  • Assist in cross training of junior associates.
  • Other duties as assigned


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 www.speedtest.net 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 the hub location based in Mclean, VA.

Basic Qualifications:
  • High School Diploma, GED or equivalent certification
  • At least 2 years of experience with the commercial loan closing or servicing process


Preferred Qualifications:
  • Bachelor's Degree or Military experience
  • Familiarity with ACBS, Loan IQ or other loan system
  • Familiarity with Loan or Legal Documentation
  • Familiarity with Intralinks, SyndTrack or other similar applications
  • Strong Word, Excel and PowerPoint 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).