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Closing Associate - Commercial Operations
3 years ago

Locations: VA - McLean, United States of America, McLean, Virginia


Closing Associate - Commercial Operations


**The Closing Associate drives 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.**


**General Responsibilities:**


**Review complex loan documents, initiate and drive deal closing calls that include internal and external deal team members and counsel.**


**Ensure documentation accurately reflects the intentions of the credit approval**


**Facilitates teamwork and continuity**


**Solid knowledge required for role and pursues gaining new knowledge when required**


**Positively accepts change and engages productively with team and relevant stakeholders**


**Ensure transactions are closed in compliance with the Banks loan policy and any other requirements designated by the credit approval.**


**Work with 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, Syndication Desk, Borrowers, Lenders)**


**Demonstrates ability to balance required regulatory and policy requirements when making decisions.**


**Remain current on all pending and proposed regulatory changes affecting compliance.**


**Resolve issues that might impede closing and use judgement 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.**


**Other duties as assigned**


**Basic Qualifications:**


**Bachelors Degree or Military experience**


**At least 2 years of Closing experience**


**Preferred Qualifications:**


**Ability to complete tasks in consistent and timely manner**


**Familiarity with ACBS, Loan IQ or other loan system**


**Familiarity with Loan and/or Legal Documentation**


**Strong written and oral communication skills and attention to details**


**Strong organizational skills**


**Strong interpersonal skills and professional demeanor**


**Ability to handle frequent changes**


**Strong Word, Excel and PowerPoint skills**


**Familiarity with Intralinks, SyndTrack or other similar applications**


**Work at 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 by use cellular data (hot spot)**


**Cable or fiber connections are preferred**


**Internet service download speeds must be at least 5 mbps, with 10+ mbps preferred - check your download speed using a speed test. A sample one can be found** **here (https://www.speedtest.net/)** **.** **To test your home internet from your personal computer at home, type www.speedtest.net into the web browser of your personal computer.**


**Sustained ability to maintain latency less than 250 ms in voice calls is required**


**Hard wired connectivity is preferred, any use of wireless connectivity must be Private (non-public) and password protected through WPA2-PSK (AES) encryption. If you have any questions about your encryption, please consult with your internet provider**


**A private network is password protected where you have ownership or line of sight to every device on the network**


**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 is delivered. Capital One reserves the right to modify internet service requirements with sixty (60) days notice.**


**Candidates must live within 100 miles driving distance of one of the hub locations**


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


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, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, 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 Citys Fair Chance Act; Philadelphias Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.


If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.


For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com


Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.


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).

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