Director, Community Finance Underwriting - Stabilized Proprietary & Multifund

Director, Community Finance Underwriting - Stabilized Proprietary & Multifund

Capital One, a Fortune 500 company and one of the nation's top 10 banks, offers a broad spectrum of financial products and services to consumers, small businesses, and commercial clients. Our goal is to create one of the nation's great banks, and we have the necessary ingredients: a strong balance sheet, resilient businesses, a massive customer franchise, strong analytical capabilities, and great people.

We nurture a work environment where people with a variety of thoughts, ideas, and backgrounds, guided by our shared values, come together to make Capital One a great company-and a great place to work.

Role

Summary:

External Affairs works with many external and internal stakeholders to envision and create a world of greater socioeconomic opportunity through advocating for an inclusive society, building thriving communities, and creating financial tools that enrich lives. Our teams include Communications, Community Impact and Investment, Community Finance, CRA Strategy and Program Management, the Government and Political Affairs Group, Regulatory Relations, and Strategy and Engagement.

Through our teams, we have unparalleled access to a diverse group of motivated changemakers similarly focused on the ingredients for a more perfect future.

Community Finance builds inclusive, thriving resident-centered communities that catalyze opportunity and promote well-being. The team originates debt and invests in the low income housing tax credit through proprietary and multi-investor fund structures.

The Underwriting & Portfolio Management (UWPM) team is an integral part of Community Finance that is responsible for the risk assessment, evaluation, management, and administration of individual loans and investments and the entire portfolio. The team underwrites new affordable housing transactions, manage and administer the portfolio of debt and equity exposure, and ensure a scalable and well-managed business. The team endeavors to create an environment that supports efficient and impactful risk management.

As a Director and Team Lead, you will serve as a strategic people leader within the UWPM team, specifically leading a team of underwriters and portfolio managers primarily responsible for multifund investments and stabilized equity investments in our affordable housing line of business. You will be responsible for managing emerging and current portfolio risk, drive business growth, optimize risk management, and cultivate strong relationships with key internal and external stakeholders.

A core focus of this role will be leading the evaluation, execution, and ongoing surveillance of equity investments in both Proprietary and Multi-investor fund structures. This role requires a deep understanding of affordable housing finance, Low-Income Housing Tax Credit (LIHTC) equity structures, upper-tier and lower-tier risk management, innovation, operational efficiency, and leadership.

Our ideal candidate possesses critical thinking skills, demonstrates the willingness and ability to provide effective challenge, strong risk orientation, strong analytical skills, concise verbal and written communication skills, high level of attention to detail, ability to manage internal and external relationship, ability to work independently and as part of a team, problem solving skills, and risk management skills.

Primary Responsibilities:

* Strategic Leadership:
Provide strategic direction and oversight for the underwriting and portfolio management team. Lead across Community Finance and broader Global Enterprise Affairs and Capital One.

* Approvals:
Lead internal approvals primarily for equity transactions and any related debt , ensuring structural integrity and alignment with Capital One's risk appetite, financial return profiles, and regulatory requirements.

* Portfolio Surveillance & Risk Mitigation:
Oversee risk assessment and lifecycle management of equity investments. Proactively manage emerging lower-tier and upper-tier portfolio risks and ongoing operational or financial performance metrics of affordable housing assets.

* Process

Innovation: Drive innovation and continuous process improvements, automated data management and risk oversight.

* Team Leadership:
Lead, mentor, and advocate for a high-performing team of underwriters and portfolio managers, fostering a culture of professional development and exceptional execution.

Basic Qualifications:

* Bachelor's degree or military experience

* At least 10 years of experience in underwriting, asset management, portfolio management or any combination of the three in the field of affordable housing or commercial real estate

Preferred Qualifications:

* Master's degree in Finance, Real Estate, or a related field

* Extensive experience in construction lending, LIHTC equity underwriting, equity asset management, or fund management

* 5+ years of people leadership experience

* Proven ability to lead teams and complex problem solving skills

At…