Loan Closing Associate - Commercial Bank

Capital One Group; Charlotte (NC); Hybrid; USD 67,000 - 76,000; Full time

Job summary

Capital One Commercial Client Operations seeks a Loan Closing Associate to support the closing and funding of commercial loans. The role involves analyzing credit agreements, coordinating with underwriters and relationship managers, and ensuring documentation accuracy for timely closings.

Candidates should be within driving distance of Charlotte, NC and be comfortable with a home-based work setup when appropriate.

Qualifications

• 1+ year of Loan Closing or Loan Servicing experience in Commercial or Business Banking.
• High School Diploma, GED or equivalent certification.
• Bachelor’s degree or Military experience preferred.

Responsibilities

• Review complex loan documents and drive closing calls with deal team members and counsel.
• Ensure legal documents reflect credit approval and are compliant with loan policy.
• Coordinate pre- and post-closing steps with internal and external stakeholders.

Skills

Verbal communication

Written communication

Analytical thinking

Adaptability

Education

Bachelor's degree

High School Diploma or GED

Tools

ACBS

Job description

Loan Closing Associate - Commercial Bank

Are you looking for a challenging role that includes the convenience of working virtually at home? Then a Capital One Commercial Operations role may be the role for you! You must be within 50 miles driving distance from one of our Capital One hub locations in Plano, TX, Richmond, VA or Charlotte, NC.

Capital One Commercial Client Operations (CCO) is looking for candidates to support the growing Commercial Loan Operations Closing Team. The team supports day to day operations of loans pertaining to unique or niche industries that require special handling and industry knowledge. The primary function is loan closing and funding within the various lines of business that comprise Middle Market and Municipal Banking. The role includes analytical components (i.e. interpreting credit agreements) related to various loan/fee accruals, calculations as well as ongoing/ad-hoc reconciliation and remediation, and driving the closing process for commercial loan products, which include new loans, modifications and extensions.

The Associate will be the primary contact and decision maker for all aspects of the deal closing process.The ability to learn quickly and to adapt to change are important skills to the role, as well as excellent verbal and written communication skills and product knowledge. Additionally, important is the ability to clearly convey complex concepts and issues in a concise way; as well work collaboratively among stakeholders to help facilitate ongoing change management - all while living our core values.

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 change and engage productively with the team and relevant stakeholders.
• Ensure transactions are closed in compliance with the Bank's loan policy and any other requirements designated by the credit approval.
• Works with the 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.

Basic Qualifications

• High School Diploma, GED or equivalent certification
• At least 1 year of Loan Closing or Loan Servicing experience in Commercial or Business Banking

Preferred Qualifications

• Bachelor's Degree or Military experience
• 2+years of Commercial Loan Closing or Commercial Loan Servicing experience
• 2+ years of Loan Syndication (agent or participant) experience
• 1+ years of experience with ACBS
• At this time, Capital One will not sponsor a new applicant for employment authorization, or offer any immigration related support for this position (e.g. H1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN, E-3, and O-1, or any other forms of work authorization that require immigration support from an employer).

Work from Home Technology Requirements

• A secure home office environment that is free from background noise and distractions
• A reliable private internet connection that is not supplied via cellular data or hotspot
• A private network that is password protected where you have ownership or line of sight to every device on the network
• Internet service must be provided by Cable or fiber Internet Service Providers (ISP)
• Hotspots and satellite services are prohibited and do not meet performance criteria required for optimal agent/customer interactions
• ISP download speeds on VPN must be at least 5Mbps, with 10+ Mbps preferred
• To validate ISP speeds from a Chrome browser, go to www.google.com , @type Speed Test and run from the Google landing page
• Both Hardwire and WiFi internet connections are acceptable as long as speed and security requirements are met
• Capital One reserves the right to request proof of internet provider, speed and service package from the associate. Requirements are subject to change, as new systems and technology are delivered. Capital One reserves the right to modify internet service requirements with sixty (60) days notice. Internet Service Provider specs can change by provider and location within the US. If you are experiencing consistent issues with internet stability Capital One reserves the right to ask the agent to upgrade internet service to ensure a good customer experience.

Work from Home Living Requirements

Candidates must live within approximately 50 miles of one of the hub locations based in 75024, 23238 or 28203 and be comfortable coming in person whenever required with no less than 24 hours notice.

CommOps

Charlotte, NC: $66,700 - $76,100 for Closing Associate

Plano, TX: $66,700 - $76,100 for Closing Associate

Richmond, VA: $66,700 - $76,100 for Closing 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 the Capital One Careers website (https://www.capitalonecareers.com/benefits). 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 (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. 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.