Principal Associate, Underwriting - CDFI
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 multifund equity fund structures. The team is on a journey to reimagine the way it operates through a more strategic approach to its core work and advocacy efforts, next-generation analytical and reporting capabilities, and innovative initiatives that leverage Capital One’s scale and influence.
This role will sit within the Underwriting and Portfolio Management team supporting the Community Development Financial Institutions team in an underwriting capacity. In this role you will be working on a team that is truly changing banking for good, driving operational excellence for Capital One’s CDFI program.
Primary Responsibilities:
- Support preparation of credit approval packages.
- Assist in due diligence, underwriting or asset reviews of individual transactions in compliance with policies and procedures.
- Support portfolio management activities by monitoring financial performance and risk exposure.
- Conduct financial analysis and modeling to assess feasibility.
- Gather market data to support underwriting, asset or portfolio reviews.
- Partner with internal teams to ensure adherence to regulatory and internal policies.
- Lead the analysis and evaluation of opportunities, ensuring financial viability aligns with the organization's risk appetite, and social impact goals.
- Monitor the portfolio performance for both financial health and social impact performance, collaborating with internal teams to ensure ongoing compliance with CDFI certification and grant funding requirements.
- Identify and implement process improvements for capital deployment, impact reporting, and partner relationship management to maximize community reach and operational efficiency.
- Contribute to process improvements to enhance operational efficiency.
Basic Qualifications:
- High School Diploma, GED, or Equivalent Certification
- At least 4 years of experience in credit, lending, relationship management, or any combination of the three
- At least 1 year of experience with mission-driven lending or investments or community development lending or investments
Preferred Qualifications:
- Bachelor’s Degree or Military Experience
- 5+ years of experience in program management, CDFI, small business lending, or any combination of the three
- Experience collaborating with and coordinating a variety of stakeholders, including more senior stakeholders
- Completion of formal credit training program, or equivalent work experience
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.
McLean, VA: $131,300 - $149,800 for Principal Associate, Community Finance
Richmond, VA: $119,400 - $136,200 for Principal Associate, Community Finance
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 business days.
No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.
If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).