Agency Operations Associate - Cash Team

Capital One; Charlotte (NC); On-site; USD 64,000 - 74,000; Full time

Job summary

An innovative financial services firm is seeking an Agency Operations Associate to join their Cash Team. This role is pivotal in supporting critical loan servicing processes, ensuring compliance with regulatory standards, and enhancing operational efficiency. You will engage in payment reconciliation, manage wire requests, and contribute to projects aimed at streamlining operations. With a focus on collaboration and innovative solutions, this position offers a unique opportunity to make a significant impact in a dynamic environment. If you are passionate about finance and eager to drive efficiency, this could be the perfect role for you.

Benefits

Comprehensive Health Benefits

Performance Based Incentives

Inclusive Work Environment

Professional Development Opportunities

Qualifications

• Bachelor's degree or military experience required.
• 1+ years of experience in financial services is essential.

Responsibilities

• Reconcile payments to ensure compliance with Reg AB requirements.
• Manage and resolve payments held in suspense.
• Initiate ACH payments and process incoming checks.

Skills

Financial Services Experience

Regulatory Compliance

Payment Processing

Data Integrity

Education

Bachelor’s Degree

Military Experience

Job description

Agency Operations Associate - Cash Team

Multifamily Loan Servicing is a division of the Capital One Commercial Bank, this team supports numerous critical processes and transactions. By cultivating innovative solutions and embracing technology, this team creates an unforgettable and unparalleled experience for our associates and customers. One of the most impactful groups in the Loan Servicing team is the Cash Team.

The Multifamily Investor Reporting team supports a total loan portfolio of $35BN and provides ongoing support for the life of the loan. The organization focuses on delivering scale and efficiency, mitigating operational risk, providing a smooth customer experience and enabling talented associates to excel.

Responsibilities

• Reconcile all payments received vs. posted to ensure all payments are processed in accordance with Reg AB requirements. Partner with internal stakeholders to resolve outages.

• Actively manage and seek resolution for payments held in suspense.

• Execute outgoing wires requests from Closing, Insurance, Tax, Loan Operations and Investor reporting teams.

• Initiate ACH payments and process incoming Insurance Loss checks.

• Review documentation received with each request to ensure information is complete and required signatures are included, set wire up in wire system, assist with execution of book transfers.

• Maintain reporting on payments billed and not received.

• Provide a population of payments not received to the Asset Management team for borrower follow-up.

• Assist in initial and ongoing review of departmental procedures.

• Participate in planning, testing and implementing projects aimed to streamline and or automate manual tasks.

• Assist and coordinate on various projects, including technology-based, data integrity, remediation, and efficiency-enhancing.

Basic Qualifications

• Bachelor’s Degree or Military Experience

• At least 1 year of experience in financial services

Preferred Qualifications

• 2+ years of Commercial Bank Operations, Loan Servicing, Risk, Compliance or Government Sponsored Entities (GSE) experience

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

#CommOps

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.

Charlotte, NC: $64,700 - $73,900 for Agency Ops AssociateMcLean, VA: $71,200 - $81,300 for Agency Ops Associate

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 theCapital 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 committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. 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.

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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).