Senior Underwriter, Midwest
Honeycomb InsuranceSalary not specified
Full Time
Senior (5 to 8 years)
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Real Estate FinanceIndustries
Requirements
- Bachelor's Degree or military experience
- At least 2 years of experience in Commercial Real Estate lending
- Preferred: At least 1 year of experience underwriting Commercial Real Estate loans
Responsibilities
- Understands parts of the procedural aspect of underwriting Capital One CRE Balance Sheet and Unitranche Loans from Client Loan Request to Term Sheet and supports communications with stakeholders and customers
- Navigates deals through the screening process including coordination with various stakeholders on structuring, sizing, and quoting to ensure an efficient process with the client
- Works to identify exceptions/risks associated with the transactions and provides mitigated recommendations
- Partners with Relationship Managers (RMs) to support client relationships and respond to client requests by structuring and pricing incoming opportunities
- Responsible for high quality outputs on screening memos to Balance Sheet stakeholders and Soft Quotes to the borrower, while providing competitive turnaround times
- Has strong judgment and collaborates with Senior Manager, CRE Loan Screening and Production Enablement colleagues as needed
- Builds up-to-date knowledge of Capital One Balance Sheet products, credit parameters, and lending appetite by attending and supporting on-team training efforts
- Learns how to manage complex transactions with complicated borrower structures and unique property/market characteristics
- Attends industry conferences and client meetings to assist in the maintenance of crucial relationships
- Contributes to special projects as assigned to improve efficiency or credit effectiveness in accordance with overall strategy
- Understands and employs all policies and procedures of the Bank and the Line of Business
Skills
CRE Loan Screening
Commercial Real Estate
Loan Structuring
Underwriting
Proformas
Loan Calculations
Soft Quotes
Screening Memos
Risk Assessment
Stakeholder Coordination
Relationship Management
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.
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