Associate, Specialty Underwriter & Portfolio Manager - FIG

Capital One; Chicago (IL); On-site; USD 150,000 - 171,000; Full time

Job summary

Capital One in Chicago, IL seeks an Associate, Specialty Underwriter & Portfolio Manager for the FIG team. This role blends underwriting and portfolio management responsibilities, with increasing independence to identify risks and trends.

Responsibilities include due diligence, financial analysis, model inputs, credit approval documents, closing coordination, portfolio monitoring, and collaboration with internal and external partners.

Qualifications

• Bachelor's degree or military experience required.
• At least 4 years of experience in credit underwriting, portfolio management or asset management.
• Experience in financial analysis and credit structuring preferred.

Responsibilities

• Perform due diligence on industry and company performance; synthesize research and begin to draw conclusions.
• Perform thorough financial analysis and identify disparities, risks, and mitigants.
• Prepare financial modeling inputs with little guidance; understand model mechanics and overrides.
• Analyze structuring options considering collateral and borrower valuation.
• Write and prepare credit approval documents and participate in deal reviews.
• Coordinate and complete closing process requirements.
• Shadow more senior underwriters on reviewing and negotiating legal documentation.
• Communicate with internal/external stakeholders with urgency to meet client requests.
• Prepare term sheets, commitment letters and pricing documents with guidance.

Skills

Credit underwriting

Portfolio management

Asset management

Financial analysis

Education

Bachelor's Degree in Accounting, Finance, or related field

Bachelor's Degree or Military Experience

Job description

Associate, Specialty Underwriter & Portfolio Manager - FIG

The Underwriting and Portfolio Management organization is responsible for working with internal partners to underwrite new transactions and manage the existing portfolio of loans. Our Underwriters and Portfolio Managers balance supporting the Commercial's Bank's growth and ensuring we have a scalable, well-managed business. This role supports the Financial Institutions Group (FIG).

As an Associate, Underwriting & Portfolio Management, you have advanced beyond the fundamentals of credit risk management and are expected to perform most responsibilities with minimal oversight. In addition to identifying risks and mitigants, you begin to identify and elevate trends or anomalies on individual deals or within the portfolio.

Primary underwriting responsibilities may include:

• Perform due diligence on industry and company performance; synthesize research and begin to draw conclusions; may start to lead diligence calls
• Perform thorough financial analysis and identify disparities, risks, and creative ways to mitigate risk
• Prepare financial modeling inputs with little guidance; understand model mechanics and consider overrides or exceptions
• Analyze appropriate structuring options considering collateral and borrower valuation
• Write and prepare credit approval documents; provide meaningful contribution to internal meetings, including deal review and pipeline meetings
• Coordinate and complete closing process requirements
• Begin to shadow more senior underwriters on reviewing and negotiating legal documentation
• Communicate with all external constituents; exhibit a sense of urgency toward meeting client requests
• Prepare term sheets, commitment letters and fee letters with guidance; basic understanding of credit documents
• Prepare pricing model for complex deal structures and begin to understand drivers for pricing model outputs

Primary portfolio or asset management responsibilities may include:

• Demonstrate ownership of a portfolio of existing customers with minimal guidance; may take on more complex or higher volume of accounts
• Complete annual reviews and both material and non-material modifications independently and on time
• Monitor and determine upgrades or downgrades to risk ratings
• Ensure compliance with credit policies and procedures for existing accounts
• Respond to requests from all internal and external stakeholders
• Ensure portfolio data is accurate, timely, and complete to ensure strong quality and reporting capabilities
• Escalate and resolve problem accounts in partnership with other teams and specialists

Additional Responsibilities may include:

• Build relationships across function and business to foster collaboration between partner groups
• Mentor and train rotational analysts and new hires
• Participate in internal initiatives to ensure the business is well-managed and operates efficiently

Basic Qualifications:

• Bachelor's Degree or Military Experience
• At least 4 years of experience in credit underwriting, portfolio management or asset management

Preferred Qualifications:

• Bachelor's Degree in Accounting, Finance, or other relevant fields
• 5+ years of experience in credit underwriting or portfolio management or asset management

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.

Chicago, IL: $149,800 - $171,000 for Associate, Specialty Underwriter & Portfolio Manager

McLean, VA: $164,800 - $188,100 for Associate, Specialty Underwriter & Portfolio Manager

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.

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 pro