Senior Syndication Loan Closing Associate

Capital One•Plano, TX

2d•Remote

About The Position

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, 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 Middle Market, Healthcare, and Technology Media and Telecom. The role includes analytical components (e.g. 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, 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, & 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.

Requirements

High School Diploma, GED or equivalent certification
At least 2 years of Commercial Loan Syndication (agent or participant) experience
A secure home office environment that is free from background noise and distractions
A reliable private internet connection that is not supplied via cellular data or hotspot
A private network that is password protected where you have ownership or line of sight to every device on the network
Internet service must be provided by Cable or fiber Internet Service Provides (ISP)
Hotspots and satellite services are prohibited and do not meet performance criteria required for optimal agent/customer interactions
ISP download speeds on VPN must be at least 5Mbps, with 10+ Mbps preferred
To validate ISP speeds from a Chrome browser, go to www.google.com, type Speed Test and run from the Google landing page
Both Hardwire and WiFi internet connections are acceptable as long as speed and security requirements are met
Candidates must live within approximately 50 miles of one of the hub locations based in 23238, 75024 or 28203 and be comfortable coming in person whenever required with no less than 24 hours notice.

Nice To Haves

Bachelor’s Degree or Military experience
3+ years of Commercial Loan Booking or Commercial Loan Servicing experience
3+ years of Loan Syndication experience
3+ years of experience working with ACBS

Responsibilities

Support the closing of syndicated loans where Capital One is the Administrative Agent.
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, sponsor finance, middle market & energy banking & products including 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