Capital One
Sr. Manager, Specialty Underwriting & Portfolio Management - Corporate & Sponsor
Capital One, Mc Lean, Virginia, us, 22107
Overview
The Commercial Underwriting and Portfolio Management organization is responsible for working with internal partners to underwrite new transactions and manage the existing portfolio of loans. Our Underwriters and Portfolio Managers balance supporting the Commercial Bank’s growth and ensuring we have a scalable, well-managed business. This role supports the Corporate & Sponsor Lending - Cash Flow (CSL-Cash Flow) line of business within Capital One’s Middle Market Bank. The CSL-Cash Flow group financing focuses on medium to large companies for mergers and acquisitions, corporate growth, balance sheet refinancings and recapitalizations. The CSL-Cash Flow portfolio includes over 560 clients and $30 billion in credit exposure. As an Underwriter & Portfolio Manager, you will demonstrate subject matter expertise in credit risk management and perform responsibilities with increasing independence. You will also play a leadership role across deal teams by guiding and shaping junior associates, given your experience and skills.
Responsibilities
Underwrite leveraged debt transactions to new or existing clients
Lead due diligence processes and calls; evaluate diligence to draw conclusions on material strengths, risks, and mitigants
Assist less experienced team members in financial statement analysis and cash flow analysis
Review financial models independently
Coordinate with deal team on structuring options
Write and prepare the credit approval document; review work of less experienced team members; begin to take a leadership role in conversations with internal partners
Oversee closing process requirements; review closing memo
Prepare term sheets, commitment letters and fee letters with minimal guidance; understand most provisions of all credit documents and provide rationale; begin to negotiate credit documents with guidance
Drive the overall deal process and lead communication with internal and external constituents; improve deal process
Portfolio/asset management responsibilities: Manage a portfolio of accounts independently; monitor health and performance against expectations; drive customer retention
Proactively anticipate issues and coordinate with other teams to resolve problem accounts
Coordinate with Portfolio Management to ensure annual reviews and material/non-material modifications are completed on time
Assist portfolio managers with quarterly portfolio reviews
Ensure compliance with credit policies and procedures for existing accounts
Respond to requests from internal and external stakeholders
Maintain accurate, timely portfolio data to support reporting
Build relationships across functions to foster collaboration; interact directly with customers while balancing risk and return
Mentor and train rotational analysts and less experienced associates
Participate in internal initiatives to ensure the business is well-managed and operates efficiently
Qualifications Basic Qualifications:
Bachelor’s Degree or Military Experience
At least 5 years of experience in credit underwriting, portfolio management or asset management
Preferred Qualifications:
Bachelor's Degree in Accounting, Finance, or other relevant fields
7+ years of experience in credit underwriting or portfolio or asset management
Previous leadership experience with deal teams or analysts
Note: Capital One will not sponsor a new applicant for employment authorization for this position at this time
Compensation and Benefits The minimum and maximum full-time annual salaries for this role are listed below, by location. Salaries are for candidates hired to perform work within the listed locations and reflect the amount Capital One is willing to pay at the time of posting. Salaries for part-time roles will be prorated.
Chicago, IL: $175,500 - $200,300 for Specialty Underwriter & Portfolio Manager
McLean, VA: $193,000 - $220,300 for Specialty Underwriter & Portfolio Manager
Other locations: pay ranges will reflect the applicable location
This role is eligible for performance-based incentive compensation, which may include cash bonuses and/or long-term incentives (LTI). Incentives can be discretionary or non-discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial, and other benefits. Eligibility varies based on status and level. For details, visit the Capital One Careers website.
Compliance and Equal Opportunity This role is expected to accept applications for a minimum of 5 business days. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable laws. Capital One promotes a drug-free workplace. Capital One will consider qualified applicants with a criminal history in a manner consistent with applicable laws and regulations. If you require accommodations in the application process, contact Capital One Recruiting at 1-800-304-9102 or RecruitingAccommodation@capitalone.com. For technical support or questions about Capital One's recruiting process, email Careers@capitalone.com. Capital One does not provide or guarantee third-party products or services advertised on this site. Some roles posted may be in other Capital One entities in different regions.
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The Commercial Underwriting and Portfolio Management organization is responsible for working with internal partners to underwrite new transactions and manage the existing portfolio of loans. Our Underwriters and Portfolio Managers balance supporting the Commercial Bank’s growth and ensuring we have a scalable, well-managed business. This role supports the Corporate & Sponsor Lending - Cash Flow (CSL-Cash Flow) line of business within Capital One’s Middle Market Bank. The CSL-Cash Flow group financing focuses on medium to large companies for mergers and acquisitions, corporate growth, balance sheet refinancings and recapitalizations. The CSL-Cash Flow portfolio includes over 560 clients and $30 billion in credit exposure. As an Underwriter & Portfolio Manager, you will demonstrate subject matter expertise in credit risk management and perform responsibilities with increasing independence. You will also play a leadership role across deal teams by guiding and shaping junior associates, given your experience and skills.
Responsibilities
Underwrite leveraged debt transactions to new or existing clients
Lead due diligence processes and calls; evaluate diligence to draw conclusions on material strengths, risks, and mitigants
Assist less experienced team members in financial statement analysis and cash flow analysis
Review financial models independently
Coordinate with deal team on structuring options
Write and prepare the credit approval document; review work of less experienced team members; begin to take a leadership role in conversations with internal partners
Oversee closing process requirements; review closing memo
Prepare term sheets, commitment letters and fee letters with minimal guidance; understand most provisions of all credit documents and provide rationale; begin to negotiate credit documents with guidance
Drive the overall deal process and lead communication with internal and external constituents; improve deal process
Portfolio/asset management responsibilities: Manage a portfolio of accounts independently; monitor health and performance against expectations; drive customer retention
Proactively anticipate issues and coordinate with other teams to resolve problem accounts
Coordinate with Portfolio Management to ensure annual reviews and material/non-material modifications are completed on time
Assist portfolio managers with quarterly portfolio reviews
Ensure compliance with credit policies and procedures for existing accounts
Respond to requests from internal and external stakeholders
Maintain accurate, timely portfolio data to support reporting
Build relationships across functions to foster collaboration; interact directly with customers while balancing risk and return
Mentor and train rotational analysts and less experienced associates
Participate in internal initiatives to ensure the business is well-managed and operates efficiently
Qualifications Basic Qualifications:
Bachelor’s Degree or Military Experience
At least 5 years of experience in credit underwriting, portfolio management or asset management
Preferred Qualifications:
Bachelor's Degree in Accounting, Finance, or other relevant fields
7+ years of experience in credit underwriting or portfolio or asset management
Previous leadership experience with deal teams or analysts
Note: Capital One will not sponsor a new applicant for employment authorization for this position at this time
Compensation and Benefits The minimum and maximum full-time annual salaries for this role are listed below, by location. Salaries are for candidates hired to perform work within the listed locations and reflect the amount Capital One is willing to pay at the time of posting. Salaries for part-time roles will be prorated.
Chicago, IL: $175,500 - $200,300 for Specialty Underwriter & Portfolio Manager
McLean, VA: $193,000 - $220,300 for Specialty Underwriter & Portfolio Manager
Other locations: pay ranges will reflect the applicable location
This role is eligible for performance-based incentive compensation, which may include cash bonuses and/or long-term incentives (LTI). Incentives can be discretionary or non-discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial, and other benefits. Eligibility varies based on status and level. For details, visit the Capital One Careers website.
Compliance and Equal Opportunity This role is expected to accept applications for a minimum of 5 business days. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable laws. Capital One promotes a drug-free workplace. Capital One will consider qualified applicants with a criminal history in a manner consistent with applicable laws and regulations. If you require accommodations in the application process, contact Capital One Recruiting at 1-800-304-9102 or RecruitingAccommodation@capitalone.com. For technical support or questions about Capital One's recruiting process, email Careers@capitalone.com. Capital One does not provide or guarantee third-party products or services advertised on this site. Some roles posted may be in other Capital One entities in different regions.
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