Finance & Accounting Jobs in McLean, VA (Now Hiring) — 916 open — Page 19

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.

Capital One’s Community Finance team originates debt and equity to support affordable housing development. Community Finance provides debt financing and invests in low-income housing credits through proprietary and multi-fund equity fund structures. The Loan Equity Administration team is responsible for the daily activities of the CF Loan and Equity operations  and the Community Impact & Investment (CII) Teams (Loan Closing, Loan Booking, Construction Funding, Perm Loans and Equity Administration  to ensure the accuracy of loan and LIHTC equity assets from the closing process through payoff and working with several internal partners to ensure a scalable and well-managed business.  

The Equity Closer and Servicing associate will report to the Equity Operations Team Lead and manage the end-to-end equity closing process, post-closing administration, and ongoing equity servicing requirements.

Primary Responsibilities may include:

• Manage the end-to-end equity closing process, including preparing checklists, technical review of documentation (Operating Agreements, Tax Opinions), and coordinating with internal/external partners to ensure all conditions are met.

• Monitor equity performance, including capital calls, benchmarks, and due diligence, while preparing funding packages and tracking social purpose grant disbursements.

• Perform post-closing administration, including system setup, tracking closing binders, and verifying transaction compliance with credit approval requirements.

• Provide support for debt and equity servicing tasks, including clearing exceptions and responding to audit requests.

• Communicate with peers and business partners regarding transactions and exceptions.

• Effectively and appropriately communicate and escalate problems/issues, updates on daily workflow, associate performance and issue resolution

• Clear exceptions as needed and respond to audit requests

• Other duties as assigned

Overall, in this role, it will be important to be a learner -- curious and willing to learn new things (including beyond immediate area of focus/expertise) and comfortable with a fluid feedback (seeking, receiving, and giving) environment.  Influence and communication are also especially significant; the ability to influence both external and internal customers to achieve positive outcomes, including under difficult circumstances, is key to the opportunity. 

Basic Qualifications:

• High School Diploma, GED, or Equivalent Certification

• At least 3 years of Loan Closing, Loan Servicing, Construction Loan, or LIHTC equity experience, or a combination  

Preferred Qualifications: 

• Bachelor’s Degree or Military Experience

• 4+ years of Loan Closing or Loan Servicing experience, experience or a combination of the two

• 2+ years of experience reviewing loan or legal documentation or a combination of the two

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