Principal Associate, Construction Loan Administration

Principal Associate, 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. 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.

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. 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.

A Principal Associate in the Community Finance Construction Loan Administration ("CLA") Team manages a medium- to large-sized portfolio of standard/complex construction loans, primarily consisting of multifamily low-income housing tax credit ("LIHTC") transactions, with limited oversight from more experienced CLAs. The role involves taking full responsibility for performing monthly due diligence on Borrowers' draw requisitions, including verifying documentation and tracking/balancing budgeted sources/uses, and ensuring proper, loan agreement-compliant documentation is received for funding while performing risk mitigation efforts.

Key responsibilities encompass the end-to-end administration of construction loans, acting as the primary point of contact for borrowers and coordinating with internal and external partners, including Project Managers, Closers, inspectors, and government agencies. The Principal Associate manages the entire loan lifecycle, starting with reviewing transaction documentation, attending closing calls, and setting up the initial draw process. Ongoing daily operations include processing monthly draw requisitions with full due diligence, managing bank-controlled accounts (BCAs), and tracking budgets, change orders, and equity contributions.

The associate also handles general ledger transactions, interest payments, and insurance compliance. The loan lifecycle concludes with the associate monitoring maturities, coordinating extensions, processing payoffs, and executing permanent loan conversions. Beyond daily administration, this role requires leading team training, onboarding new members, and driving strategic process improvement projects.

• High School Diploma, GED or Equivalent Certification
• At least 3 years of experience in construction loan management
• At least 3 years of experience in accounting and loan operations, including the direct preparation, review, or processing of loan documents.

• Bachelor's Degree or Military Experience
• 5+ 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.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

McLean, VA: $108,900 - $124,300 for Principal Process Manager

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being.…