Plaza Of Americas (31012), United States of America, Dallas, Texas
Lead Underwriter & Portfolio Manager - Director level - Commercial Real Estate
The Underwriting and Portfolio Management organization is responsible for working with internal partners to underwrite new transactions and manage the existing portfolio of loans. Our Underwriters and Portfolio Managers balance supporting the Commercial’s Bank’s growth and ensuring we have a scalable, well-managed business. Specifically, this is a Lead Underwriting role supporting Commercial Real Estate.
As a Lead Underwriter, you are considered a deep subject matter expert in credit risk management balanced with industry and market expertise. In addition to performing your responsibilities autonomously, you may play a leadership role across deal teams by guiding or shaping less experienced associates. You are trusted to complete complex transactions or solve more unique problems because of your experience and job specific... skills.
Primary underwriting responsibilities may include:
- Lead and compile due diligence to draw conclusions on material current and future risks and mitigants; identify performance drivers, project future performance, and anticipate ability to repay debt; apply industry research across transactions and share key takeaways across the organization
- Write and prepare all parts of the credit approval document independently; identify need for supplemental analysis and discussion, anticipating questions that will be raised during deal review and approval meetings
- Operate in close partnership with the relationship manager in developing a Sponsor coverage model for defined geographic area
- Oversee deal team(s), including delegating and reviewing work, providing feedback, and coaching and developing less experienced members of the team
- Leverage deep expertise in industry trends and market analysis to present findings and potential opportunities to senior management with ease
- Review financial models independently and incorporate complex structures or nuances
- Propose appropriate structuring options in tandem with deal team
- Interpret pricing model outputs in context of business return hurdles and consider areas for increasing returns
- Oversee closing process requirements; review closing memo
- Lead documentation process and negotiate provisions of term sheets, commitment letters, and fee letters with internal and external counsel as well as clients
- Focus on improving processes and procedures; work on cross-functional teams seeking to revise internal underwriting protocols, rationalize and influence adjustments to credit approval requirements, and streamline processes
- Ensure compliance with credit policies and procedures as maintaining and well managed business is critical to the role and the organization
Additional Responsibilities may include:
- Build relationships across function and business to foster collaboration between partner groups
- Interact directly with customers to cultivate strong relationships while balancing risk and return
- Consult with legal or Special Assets Department
- Mentor and train rotational analysts and new hires
- Participate in internal initiatives to ensure the business is well-managed and operates efficiently
Capital One is open to hiring a remote employee for this opportunity
Basic Qualifications:
- Bachelor’s Degree or Military Experience
- At least 5 years in credit underwriting at a bank, debt fund or fintech
- At least 2 years managing people, either in a formal reporting structure or leading deal teams
- Proven ability to deliver fast, high quality product
- Strong customer-facing acumen to actively and effectively participate in client meetings and negotiations
- Deep market knowledge of Dallas, TX and the State of Texas; possess a broad understanding of CRE fundamentals in that area, including CRE trends, market metrics, as well as Sponsor preferences
- Strong knowledge across all property types of commercial real estate and financing structures including, but not limited to, term, construction and bridge loan facilities
- Mindset of being well managed and well governed (i.e., designing thoughtful processes and controls)
Preferred Qualifications:
- Bachelor's Degree in Accounting, Finance, or other relevant fields
- Strong knowledge of legal matters pertaining to commercial real estate
- ​Experience with structured products (such as master repo agreements and note on note)
- Proficient in MS Office or Google Suite
- Proficient in cash flow modeling using Argus
At this time, Capital One will not sponsor a new applicant for employment authorization for this position
