Full-Time

Senior Member & Direct Loan Closing Associate

Posted on 9/13/2024

Capital One

Capital One

10,001+ employees

Offers diverse financial products and services

Fintech
Financial Services

Mid, Senior

No H1B Sponsorship

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
  • Bachelor’s Degree or Military experience (Preferred)
  • 3+ years of Commercial Loan Closing or Commercial Loan Servicing experience (Preferred)
  • 3+ years of Loan Syndication (agent or participant) experience (Preferred)
  • 1+ years of experience with ACBS (Preferred)
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 offers a variety of financial services, including credit cards, savings accounts, car loans, and business checking accounts, primarily in the United States. The company focuses on user-friendly banking solutions with no fees or minimums for checking accounts, making it easier for customers to manage their money. Capital One stands out from competitors with its commitment to financial inclusion and literacy, partnering with organizations to provide educational resources. The goal is to transform the banking experience by ensuring everyone has access to financial services and the knowledge to make informed decisions.

Company Stage

IPO

Total Funding

$15.9M

Headquarters

McLean, Virginia

Founded

2014

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Worldpay enhances payment security and efficiency for merchants.
  • Capital One's collaboration with HITEC improves data infrastructure and decision-making.
  • Financial empowerment initiatives support community stability, like the $86,000 grant to United Way.

What critics are saying

  • Increased competition in subscription management tools may dilute Capital One's first-mover advantage.
  • Over-reliance on partnerships for tech advancements could pose risks if partnerships falter.
  • Departure of key personnel like Joe Rodriguez may affect risk management expertise.

What makes Capital One unique

  • Capital One offers user-friendly banking with no fees or minimums for checking accounts.
  • The company partners with Minna Technologies for subscription management tools in its app.
  • Capital One's mobile banking app is a model for secure, user-friendly digital banking.

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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

INACTIVE