Agency Asset Manager - Criticized Assets

Agency Asset Manager I - Criticized Assets

The Principal Associate plays a key role responsible for managing all aspects of an assigned portfolio of multifamily agency loans, with primary focus on monitoring risk while providing exceptional customer service. This position will be a member of the Agency Finance Asset Management team, primarily focused on Fannie Mae loans.

Responsibilities:

• Manage a portfolio of distressed multifamily agency assets, with a focus on developing loss mitigation strategies, based on complex analyses, financial performance, borrower net worth and liquidity, market conditions, collateral condition, and other risk metrics.

• Present to executive leadership, and act as the primary point of contact for internal and external stakeholders, addressing concerns and providing clear, frequent updates on progress and strategy to ensure compliance with all loan documents and Agency requirements

• Monitor monetary and non-monetary defaults and take swift action to mitigate risk

• Prepare property and loan level valuations using various valuation methodology such as discounted cash flows, direct capitalizations, and have discussion with appraisers and brokers for value opinions

• Participate in monthly loan risk rating process using Capital One proprietary systems

• Analyze financial statements and property operating statements

• Conduct property inspections

• Review reserve draws

• Process lender consent requests, including related review of loan documents and other agreements

• Manage client relationships, providing excellent customer servicing while enforcing loan document/lender requirements

• Comply with all Investor monitoring and reporting requirements

Basic Qualifications:

• Bachelor’s Degree or military experience

• At least 2 years of experience in commercial real estate

• At least 2 years of GSE experience (Fannie Mae or Freddie Mac) or CMBS experience

Preferred Qualifications:

• Bachelor's Degree in Business, Finance, or Economics

• At least 4 years of experience in commercial real estate

• At least 3 years of GSE experience (Fannie Mae or Freddie Mac) or CMBS experience

• At least 3 years of experience with loan asset management

• At least 2 years of GSE property management experience

• Highly developed analytical skills including the ability to create complex spreadsheets and financial analyses

• Proficiency in analyzing property operating statements, rent rolls, and borrower financial statements and in modeling complex financial scenarios

• Strong written and oral communication skills

• High level of proficiency in Microsoft Office or Google Suite (Excel, Word, PowerPoint)

*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.

Charlotte, NC: $119,400 - $136,200 for Agency Asset Manager I

Houston, TX: $119,400 - $136,200 for Agency Asset Manager I

McLean, VA: $131,300 - $149,800 for Agency Asset Manager I

Plano, TX: $119,400 - $136,200 for Agency Asset Manager I

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. Learn more at the Capital One Careers website () . Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5…