Principal Associate, Commercial Accounting

Capital One; McLean (VA); On-site; USD 121,000 - 138,000; Full time

Job summary

Capital One is seeking a Principal Accounting Associate in McLean, VA to support LIHTC and Alternative Energy equity investments. You will partner with business contacts to drive accounting, analytics, and process improvements, while preparing SEC and regulatory reports and presenting results to leadership.

You will coordinate with Controllers, Finance, and auditors to resolve issues, propose improvements, and ensure timely delivery of documented results in a fast-paced environment.

Qualifications

• Bachelor's Degree or military experience.
• At least 3 years of experience in accounting, external financial reporting, audit, finance, or a combination.
• At least 2 years of experience with Google Office or Microsoft Office products.

Responsibilities

• Prepare and review accounting-related activities, such as journal entries and reconciliations, analytics and support and prepare external SEC and regulatory reports, including documentation and presentation of results to management and senior leadership
• Serve as the main point of contact engaging with business partners on Tax Credit Investment product offerings, LIHTC and Alternative Energy investments, assess impact on processes and VIE/Consolidation reporting
• Respond to requests from Finance and key business partners, associates throughout the Controllers group, Operation teams, and auditors
• Present results, findings, risks and recommendations to leadership and stakeholders
• Collaborate with several teams across the organization on various corporate initiatives
• Contribute to process improvement through project development and knowledge sharing
• Participate in key corporate projects such as technology and data transformation, process improvement, and business initiatives
• Collaborate with internal and external partners to resolve issues and stay connected on process or product changes

Skills

Accounting experience

External financial reporting

Audit

Communication skills

Analytical skills

Education

Bachelor's Degree or military experience

Tools

Google Workspace

Microsoft Office

Job description

We are seeking a highly motivated accountant to join the Controllers Group as a Principal Accounting Associate with a focus on accounting, financial analysis, and process improvements. We are looking for a new team member to support our Low‑Income Housing Tax Credit (LIHTC) and Alternative Energy equity investment businesses. The role requires close partnership with our business contacts to coordinate and deliver key results, project initiatives and documentation. The team member should possess strong written and verbal communication skills, as well as strong analytical, problem solving and organizational skills. The team member will be a self‑starter responsible for managing multiple priorities and meeting deadlines in a fast paced, time sensitive environment. The Controllers Group supports the financial implementation of new products, services, and systems with countless opportunities for knowledge growth.

In this role you will :

• Prepare and review accounting-related activities, such as journal entries and reconciliations, analytics and support and prepare external Securities and Exchange Commission and regulatory reports, including documentation and presentation of results to management and senior leadership
• Serve as the main point of contact engaging with business partners on Tax Credit Investment product offerings, primarily Low‑Income Housing Tax Credit (LIHTC) and Alternative Energy investments, and assess new or changing business initiatives to determine the impact on existing processes, as well as VIE/Consolidation reporting
• Respond to requests from Finance and key business partners, associates throughout the Controllers group, Operation teams, and external and internal auditors
• Present results, findings, risks and recommendations to leadership and stakeholders
• Collaborate with several teams across the organization on various corporate initiatives
• Contribute to process improvement through project development and knowledge sharing
• Participate in key corporate projects such as technology and data transformation, process improvement, and business initiatives
• Collaborate with internal and external partners to resolve issues and stay connected on process or product changes

Basic Qualifications

• Bachelor's Degree or military experience
• At least 3 years of experience in accounting, external financial reporting, audit, finance, or a combination
• At least 2 years of experience with Google Office or Microsoft Office products, or a combination

Preferred Qualifications

• Certified Public Accountant (CPA) license
• 5+ years of experience in accounting, external financial reporting, audit, or finance, or a combination
• Experience in the Financial Services industry

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.

McLean, VA: $120,800 - $137,900 for Principal Associate, Accounting

Richmond, VA: $109,900 - $125,400 for Principal Associate, Accounting

Wilmington, DE: $109,900 - $125,400 for Principal Associate, Accounting

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.

Equal Opportunity

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.