Senior Syndication Loan Closing Associate

job
  • Capital One Careers
Job Summary
Location
,VA 28244
Job Type
Contract
Visa
Any Valid Visa
Salary
PayRate
Qualification
BCA
Experience
2Years - 10Years
Posted
27 Nov 2024
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Job Description
Plano 3 (31063), United States of America, Plano, Texas Senior Syndication Loan Closing Associate 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 50 miles driving distance from our Capital One hub location in Richmond, VA, Plano, TX or Charlotte, NC. 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 comprises Middle Market, Healthcare, and Technology Media and Telecom. The role includes analytical components (i.e. interpreting credit agreements) related to various loan/fee accruals, calculations as well as ongoing/ad-hoc reconciliation & remediation, and driving the closing process for commercial loan products, which include new loans, modifications and extensions. The Senior Syndication Loan Closer is primarily responsible for the closing & booking of syndicated commercial loans where Capital One is the Administrative Agent, supporting a wide variety of industries across Capital One’s Commercial Bank. The Senior Associate will drive the syndicated loan closing process in support of the underwriter, capital markets and the syndicate bank group, including the review of credit approvals, legal documentation, due diligence, & funding & booking mechanics. The ability to learn quickly and to adapt to change are important skills in this role. Additionally, important are effective communication skills, product knowledge & the ability to clearly convey complex concepts and issues in a concise way. Responsibilities : Support the closing of syndicated loans where Capital One is the Administrative Agent. Serve as the operational point of contact for the syndicate lender group during the pre-closing process Support loan closings for a variety of products, across various industries including commercial real estate, sponsor finance, middle market & energy banking & products including construction loans, letters of credit & foreign currency Review complex legal documents and commercial loan documents to ensure documentation accurately reflects the intentions of the credit approval, that it complies with bank policies & procedures, industry standards, and is operationally feasible to support Provide feedback on draft documents pertaining to loan booking and servicing mechanics. Coordinate the completion of pre-closing requirements with internal & external clients (underwriters, syndication desk, borrowers, lenders, and legal counsel) Collection of third-party reports (appraisals, environmental), & commercial insurance in consultation with real estate & insurance specialists Resolve issues that might impede closing and use judgment to involve the manager and internal partners when required Execute loan closing, funding & booking activities in ACBS in collaboration with all parties Execute and/or review of Transaction Summary Forms, wire set-up/approval and new deal bookings Monitor and prompt resolution of exception reporting and cash reconciliation outages. Create or assist in drafting of operational incident reports; partnering with Commercial Risk on root cause analysis, remediation and prevention Effectively communicate deal information & coordinate hand-offs to the life-of-loan servicing team Compile collateral package & route to Collateral Monitoring group Coordinate the closing of ongoing amendments as the Administrative Agent Additional tasks include, the reconciliation of cash breaks & fee income, generation of reports & metrics, and testing of process & system enhancements Work from 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 via cellular data or hotspot A private network that is password protected where you have ownership or line of sight to every device on the network Internet service must be provided by Cable or fiber Internet Service Provides (ISP) Hotspots and satellite services are prohibited and do not meet performance criteria required for optimal agent/customer interactions ISP download speeds on VPN must be at least 5Mbps, with 10 Mbps preferred To validate ISP speeds from a Chrome browser, go to www.google.com , type Speed Test and run from the Google landing page Both Hardwire and WiFi internet connections are acceptable as long as speed and security requirements are met 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. Internet Service Provider specs can change by provider and location within the US. If you are experiencing consistent issues with internet stability Capital One reserves the right to ask the agent to upgrade internet service to ensure a good customer experience. Work from Home Living Requirements : Candidates must live within approximately 50 miles of one of the hub locations based in 23238, 75024 or 28203 and be comfortable coming in person whenever required with no less than 24 hours notice. Basic Qualifications : High School Diploma, GED or equivalent certification At least 2 years of Commercial Loan Syndication (agent or participant) experience Preferred Qualifications : Bachelor’s Degree or Military experience 3 years of Commercial Loan Booking or Commercial Loan Servicing experience 3 years of Loan Syndication experience 1 years of experience working with ACBS At this time, Capital One will not sponsor a new applicant for employment authorization for this position. CommOps 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. This role is expected to accept applications for a minimum of 5 business days. 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 (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable 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 RecruitingAccommodationcapitalone.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 Careerscapitalone.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).
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