Senior Syndication Loan Closing Associate

Senior Syndication Loan Closing Associate

Are you looking for a challenging role that includes the convenience of working virtually at home? Then a Capital One Commercial Ops role may be the role for you! You must be within 50 miles driving distance from our Capital One hub location in Richmond, VA/ McLean, VA/ Plano, Tx/ or Charlotte, NC.

Capital One Commercial Client Operations (CCO) is looking for candidates to support the growing Commercial Loan Operations Closing Team. The team supports day-to-day operations of loans pertaining to unique or niche industries that require special handling and industry knowledge. The primary function is loan closing and funding within the various lines of business that comprises Commercial Real Estate (CRE), CRE Healthcare, and CRE Specialties:
Multifamily, Subscription Lines of Credit (SLOC), Fund Finance Group (FFG), and Strategic Investments Group (SIG - Unitranche) Lending Vehicles. The role includes analytical components (i.e. interpreting credit agreements) related to various loan/fee accruals, calculations as well as ongoing/ad-hoc reconciliation & remediation, and driving the closing process for commercial loan products, which include new loans, modifications and extensions.

The Senior Syndication Loan Closer is primarily responsible for the closing & booking of syndicated commercial loans where Capital One is the Administrative Agent or Member/Participant, supporting a wide variety of industries across Capital One’s Commercial Bank.

The Senior Associate will drive the syndicated loan closing process in support of the underwriter, capital markets and the syndicate bank group, including the review of credit approvals, legal documentation, due diligence, and funding & booking mechanics. The ability to learn quickly and to adapt to change are important skills in this role. Additionally, important are effective communication skills, product knowledge & the ability to clearly convey complex concepts and issues in a concise way.

Responsibilities :

• Support the closing of syndicated loans where Capital One is the Administrative Agent or Member/Participant. Serve as the operational point of contact for the syndicate lender group during the pre-closing process

• Support loan closings for a variety of products, across various industries including commercial real estate (CRE), subscription lines of credit (SLOC), CRE banking& products including specialty and construction loans, letters of credit & foreign currency

• Review complex legal documents and commercial loan documents to ensure documentation accurately reflects the intentions of the credit approval, that it complies with bank policies & procedures, industry standards, and is operationally feasible to support

• Provide feedback on draft documents pertaining to loan booking and servicing mechanics.

• Coordinate the completion of pre-closing requirements with internal & external clients (underwriters, syndication desk, borrowers, lenders, and legal counsel)

• Collection of third-party reports (appraisals, environmental), & commercial insurance in consultation with real estate & insurance specialists

• Resolve issues that might impede closing and use judgment to involve the manager and internal partners when required

• Execute loan closing, funding & booking activities in ACBS in collaboration with all parties

• Execute and/or review of Transaction Summary Forms, wire set-up/approval and new deal bookings

• Monitor and prompt resolution of exception reporting and cash reconciliation outages.

• Create or assist in drafting of operational incident reports; partnering with Commercial Risk on root cause analysis, remediation and prevention

• Effectively communicate deal information & coordinate hand-offs to the life-of-loan servicing team

• Compile collateral package & route to Collateral Monitoring group

• Coordinate the closing of ongoing amendments as the Administrative Agent

• Additional tasks include, the reconciliation of cash breaks & fee income, generation of reports & metrics, and testing of process & system enhancements

Work from Home Technology Requirements:

• A secure home office environment that is free from background noise and distractions

• A…