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Capital One Commercial Client Operations (CCO) is looking for candidates to support the growing Commercial Loan Operations Closing Team. The team supports day to day operations of loans pertaining to unique or niche industries that require special handling and industry knowledge. The primary function is loan closing and funding within the various lines of business that comprise FIG, Energy, Healthcare RE or Trade Closing. The role includes analytical components (i.e. interpreting credit agreements) related to various loan/fee accruals, calculations as well as ongoing/ad-hoc reconciliation and remediation, and driving the closing process for commercial loan products, which include new loans, modifications and extensions.
Job Responsibility:
Review complex loan documents, drive deal closing calls that include internal and external deal team members and counsel
Ensure legal documentation accurately reflects the intentions of the credit approval
Facilitate teamwork and continuity
Solid knowledge required for the role and pursues gaining new knowledge when required
Positively accept change and engage 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
Works with the Relationship Manager/Underwriter to understand the transaction and make sure that all relevant documentation is obtained for a timely closing
Liaise and coordinate pre-closing requirements with internal and external clients (Underwriter, Relationship Manager, Borrowers, Agent Banks)
Demonstrate 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 judgment 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 the loan accounting system
Perform process quality reviews of work such as cash break analysis 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
Maintain accuracy and customer satisfaction as the singular priority
Requirements:
High School Diploma, GED or equivalent certification
At least 1 year of Loan Closing or Commercial Loan Servicing experience
Nice to have:
Bachelor’s Degree or Military experience
2+ years of Commercial Loan Closing or Commercial Loan Servicing experience
2+ years of Loan Syndication experience
2+ years of experience with ACBS
What we offer:
performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI)
comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being