Loan Closing Associate - Commercial Bank

Capital One•McLean, VA

2d•Remote

About The Position

Capital One’s 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 comprise of FIG and Energy. The role includes analytical components (i.e. interpreting credit agreements) related to various loan/fee accruals, calculations as well as ongoing/ad-hoc reconciliation and remediation, and driving the closing process for commercial loan products, which include new loans, modifications and extensions. The Associate will be the primary contact and decision maker for all aspects of the deal closing process. The ability to learn quickly and to adapt to change are important skills to the role, as well as excellent verbal and written communication skills and product knowledge. Additionally, important is the ability to clearly convey complex concepts and issues in a concise way; as well work collaboratively among stakeholders to help facilitate ongoing change management – all while living our core values.

Requirements

High School Diploma, GED or equivalent certification
At least 1 year of Commercial Loan Closing or Loan Servicing experience

Nice To Haves

Bachelor’s Degree or Military experience
2+ years of Commercial Loan Closing or Loan Servicing experience
2+ years of experience with ACBS
2+ years of experience with Intralinks or SyndTrak

Responsibilities

Review complex loan documents, drive deal closing calls that include internal and external deal team members and counsel.
Ensure legal documentation accurately reflects the intentions of the credit approval.
Facilitate teamwork and continuity.
Solid knowledge required for the role and pursues gaining new knowledge when required.
Positively accept change and engages productively with team and relevant stakeholders.
Ensure transactions are closed in compliance with the Bank’s loan policy and any other requirements designated by the credit approval.
Work with Relationship Manager/Underwriter to understand the transaction and make sure that all relevant documentation is obtained for a timely closing.
Liaise and coordinate pre-closing requirements with internal and external clients (Underwriter, Relationship Manager, Borrowers, Agent Banks).
Demonstrate ability to balance required regulatory and policy requirements when making decisions.
Remain current on all pending and proposed regulatory changes affecting compliance.
Ensure Know Your Customer “KYC” requirements have been met prior to closing a transaction.
Resolve issues that might impede closing and use judgment to involve the manager and internal counsel when required.
Complete post-closing steps to ensure that all necessary documentation is received by downstream partners.
Monitor and clear loan exceptions; respond to audit requests
Book and fund new loans and related activities in the loan accounting system.
Perform process quality reviews of work such as cash break analysis and comprehensive testing of system enhancements.
Develop, design, and follow inter-departmental controls and risk reducing processes.
Prepare and submit periodic departmental, team, and metric reports.
Maintain accuracy and customer satisfaction as the singular priority.
Other duties as assigned.