Manager, Construction Loan Administration

Manager, Construction Loan Administration

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.

Global Enterprise 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. The team operates within Community Finance, initiating and investing in low-income housing tax credit (LIHTC) projects through proprietary and multi‑investor fund structures.

A Manager in the Community Finance Construction Loan Administration (CLA) Team manages a medium- to large-sized portfolio of standard and complex construction loans. The portfolio primarily consists of multifamily LIHTC transactions. With limited oversight from more experienced CLAs, the Manager takes full responsibility for performing monthly due diligence on borrowers’ draw requisitions, verifying documentation, tracking and balancing budgeted sources and uses, and ensuring compliance with loan agreement terms during funding.

The Manager administers the entire loan lifecycle, serving as the primary point of contact for borrowers and coordinating with internal and external partners, including Project Managers, Closers, inspectors, and government agencies. Key duties include: reviewing transaction documentation, attending closing calls, setting up the initial draw process, processing monthly draw requisitions with full due diligence, managing bank‑controlled accounts (BCAs), tracking budgets, change orders, and equity contributions, handling general ledger transactions, interest payments, and insurance compliance, monitoring maturities, coordinating extensions, processing payoffs, and executing permanent loan conversions.

The Manager also trains team members, onboard new hires, and leads strategic process improvement projects.

• Bachelor’s Degree or Military Experience
• At least 5 years of experience in construction loan management
• At least 5 years of experience in accounting and loan operations, including the direct preparation, review, or processing of loan documents

• 6+ years of experience in construction loan management
• Experience with construction lending, LIHTC investment or syndication
• Strong critical thinking, credit analysis and problem solving skills

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

McLean, VA: $134,400 - $153,300 for Manager, Process Management. Candidates hired to work in other locations will receive a pay range associated with that location at the time of hire.

This role is also eligible to earn performance‑based incentive compensation, which may include cash bonus(es) and/or long‑term incentives.

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

Capital One is an equal‑opportunity employer (EOE, including disability and veteran status) committed to non‑discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug‑free workplace and considers qualified applicants with a criminal history in a manner consistent with applicable background inquiry regulations.