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Full-Time

Senior Member & Direct Loan Closing Associate

Confirmed live in the last 24 hours

Capital One

Capital One

10,001+ employees

Offers diverse financial products and services

Financial Services
Fintech

Mid, Senior

Plano, TX, USA + 2 more

More locations: Richmond, VA, USA | Charlotte, NC, USA

Must be within 50 miles driving distance from one of the hub locations in Plano, TX; Richmond, VA; or Charlotte, NC.

Category
Commercial Banking
Finance & Banking
Requirements
  • High School Diploma, GED or equivalent certification
  • At least 2 years of Loan Closing or Loan Servicing experience in Commercial or Business Banking
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 and champion change, and engage productively with the team and relevant stakeholders
  • Effectively problem solve and influence strategic initiatives
  • 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

Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system while providing comprehensive support and resources to help customers make informed financial decisions.

Company Stage

Series A

Total Funding

$15.9M

Headquarters

McLean, Virginia

Founded

2014

Simplify Jobs

Simplify's Take

What believers are saying

  • Capital One's extensive range of financial products and services provides ample opportunities for career growth and specialization.
  • The company's commitment to financial inclusion and literacy offers employees a chance to make a meaningful impact on communities.
  • Strategic partnerships and investments, such as those with Stripe, Adyen, and StrongDM, indicate a forward-thinking approach and potential for innovation.

What critics are saying

  • The competitive financial services landscape requires Capital One to continuously innovate to maintain its market position.
  • The end of the consumer card partnership with Walmart could impact customer acquisition and revenue streams.

What makes Capital One unique

  • Capital One's focus on financial inclusion and no-fee banking solutions sets it apart from traditional banks that often have more restrictive fee structures.
  • Their strategic partnerships with fintech giants like Stripe and Adyen for fraud prevention highlight their commitment to leveraging technology for enhanced security.
  • Capital One's collaboration with educational platforms like Khan Academy underscores their dedication to financial literacy, a unique value proposition in the financial services sector.

Benefits

Medical, Dental, & Vision coverage

Onsite Health Centers

Prescription saving with network of local pharmacies

Stock Purchase Plan

Education Assistance

401(k)

Flexible Spending Accounts

Life and Disability insurance

Generous paid time off + corporate & floating holidays

Registered dieticians on site, cooking classes and free virtual fitness classes

Employee Assistance Program