Full-Time

Senior Syndication Loan Closing Associate

Posted on 11/15/2024

Capital One

Capital One

10,001+ employees

Offers diverse financial products and services

Fintech
Financial Services

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 Capital One hub locations in Richmond, VA, Plano, TX, or Charlotte, NC.

Category
Commercial Banking
Finance & Banking
Requirements
  • High School Diploma, GED or equivalent certification
  • At least 2 years of Commercial Loan Syndication (agent or participant) experience
  • Bachelor’s Degree or Military experience (preferred)
  • 3+ years of Commercial Loan Booking or Commercial Loan Servicing experience (preferred)
  • 3+ years of Loan Syndication experience (preferred)
  • 1+ years of experience working with ACBS (preferred)
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

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