Principal Associate, Construction Loan Administration - Community Finance
About The Position
This role is within Capital One's Global Enterprise Affairs and Community Finance Team. The Community Finance team focuses on building inclusive, thriving resident-centered communities that catalyze opportunity and promote well-being by originating debt and investing in low-income housing tax credit (LIHTC) through various fund structures. The Principal Associate will manage a portfolio of construction loans, primarily LIHTC transactions, with limited oversight. This involves performing monthly due diligence on borrower draw requisitions, verifying documentation, tracking sources and uses, and ensuring compliance with loan agreements while mitigating risk.
Requirements
- 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.
Nice To Haves
- 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
Responsibilities
- Manage a medium- to large-sized portfolio of standard/complex construction loans, primarily multifamily low-income housing tax credit (LIHTC) transactions.
- Perform monthly due diligence on Borrowers’ draw requisitions, including verifying documentation and tracking/balancing budgeted sources/uses.
- Ensure proper, loan agreement-compliant documentation is received for funding while performing risk mitigation efforts.
- Act as the primary point of contact for borrowers.
- Coordinate with internal and external partners, including Project Managers, Closers, inspectors, and government agencies.
- Review transaction documentation and attend closing calls.
- Set up the initial draw process.
- Process monthly draw requisitions with full due diligence.
- Manage bank-controlled accounts (BCAs).
- Track budgets, change orders, and equity contributions.
- Handle general ledger transactions, interest payments, and insurance compliance.
- Monitor loan maturities, coordinate extensions, process payoffs, and execute permanent loan conversions.
- Lead team training and onboard new members.
- Drive strategic process improvement projects.
Benefits
- Comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being.
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What This Job Offers
Job Type
Full-time
Career Level
Principal
Education Level
High school or GED
