Manager, Underwriting

Manager, Underwriting / Portfolio Loan Management

Capital One is a Fortune 500 company and one of the nation's top 10 banks, offering a broad spectrum of financial products and services to consumers, small businesses, and commercial clients. The Underwriting, Portfolio Loan Management (UWPLM) team is an integral part of Community Finance responsible for the risk assessment, evaluation, management, and administration of individual loans, investments, and the entire portfolio.

The team underwrites new affordable housing transactions and manages debt and equity exposure, maintaining scalable and well‑managed business operations.

Ideal candidate possesses critical thinking skills, willingness to challenge, strong risk orientation, analytical skills, concise verbal and written communication, high level of attention to detail, ability to manage internal and external relationships, work independently and as part of a team, problem‑solving, and risk management skills.

• Manage initial risk assessment, underwriting and credit analysis for new investments in alignment with the business risk appetite and compliance with policies and procedures.
• Mentor junior team members and support their professional growth.
• Identify and drive process improvements to enhance business efficiency.

• Basic Qualifications:
  • Bachelor’s Degree or Military Experience.
  • At least 3 years of experience in underwriting, asset management, or portfolio management (or a combination) in affordable housing or commercial real‑estate.
• Preferred Qualifications:
  • Master’s degree in Finance, Real Estate, or related field.
  • 5+ years of experience in underwriting, asset management, or portfolio management in affordable housing.
  • Experience with construction lending, LIHTC investment and syndication.
  • Strong financial modeling and credit analysis skills.

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

Chicago, IL: $149,800 - $171,000. (Salary ranges vary by location and are subject to change.)

Capital One offers a comprehensive, competitive, and inclusive set of health, financial, and other benefits supporting total well‑being. Eligibility varies based on full‑time or part‑time status, exempt or non‑exempt status, and management level.

Capital One is an equal opportunity employer (EOE, including disability/vet) and is committed to non‑discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug‑free workplace. It considers qualified applicants with a criminal history in a manner consistent with applicable laws. Contact for accommodations or further HR information as per regulations.