Mortgage Underwriter
TomoSalary not specified
Associate, Specialty Underwriter & Portfolio Manager - FIG at Capital One
McLean, Virginia, United States
Not SpecifiedCompensation
Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, BankingIndustries
Requirements
- Bachelor’s Degree or Military Experience
- At least 3 years of experience in credit underwriting or at least 3 years of experience in portfolio management or at least 3 years of experience in asset management
- Preferred: Bachelor's Degree in Accounting, Finance, or other relevant fields
- Preferred: 5+ years of experience in credit underwriting or portfolio management or asset management
Responsibilities
- 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
- 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
- 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
Skills
credit risk management
financial analysis
due diligence
financial modeling
credit approval documents
portfolio management
term sheets
commitment letters
pricing models
legal documentation
Capital One
Offers diverse financial products and services
About Capital One
Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system and empower customers with the knowledge and tools they need to make informed financial decisions.
McLean, VirginiaHeadquarters
2014Year Founded
$15.9MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees
Benefits
Medical, Dental, & Vision coverage
Onsite Health Centers
Prescription saving with network of local pharmacies
Stock Purchase Plan
Education Assistance
401(k)
Flexible Spending Accounts
Life and Disability insurance
Generous paid time off + corporate & floating holidays
Registered dieticians on site, cooking classes and free virtual fitness classes
Employee Assistance Program
Risks
Increased competition in subscription management tools may dilute Capital One's advantage.
Over-reliance on partnerships could expose Capital One to technological risks.
Departure of key personnel like Joe Rodriguez may affect risk management continuity.
Differentiation
Capital One offers user-friendly banking with no fees or minimums for checking accounts.
The company partners with Khan Academy to provide financial literacy education.
Capital One is the first major U.S. bank to offer subscription management tools.
Upsides
Capital One's mobile app is a model for secure, user-friendly digital banking.
Data sharing with Worldpay enhances payment security and fraud prevention.
Partnerships with fintechs like Minna Technologies improve customer experience.
Related Jobs
RemoteRemoteSenior Credit Risk Analyst
MudflapSalary not specified
Full Time
Mid-level (3 to 4 years)
RemoteSenior Research Analyst, US Small Business Portfolio Strategy
Forward FinancingSalary not specified
- Full Time
- Senior (5 to 8 years)
RemoteFinancial Analyst
EarnestSalary not specified
- Full Time
- Junior (1 to 2 years)
RemoteUnderwriting Analyst - MSI
Foundation Risk PartnersSalary not specified
- Full Time
- Junior (1 to 2 years)
RemoteMember of Research Staff, Voleon Securities
The Voleon GroupSalary not specified
- Full Time
- Junior (1 to 2 years)
RemoteCommercial Credit Lead, Dealer Commercial Services
M&T BankSalary not specified
- Full Time
- Senior (5 to 8 years), Expert & Leadership (9+ years)