Sr. Manager, Community Finance, Underwriting
Company: Capital One
Location: Sugar Land
Posted on: May 11, 2022
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Job Description:
NYC 299 Park Avenue (22957), United States of America, New York,
New York Sr. Manager, Community Finance, Underwriting Community
Finance Underwriters seek to leverage our ability to bring debt and
equity investment capital to our clients. The underwriter is
responsible for evaluating and preparing investment recommendations
for community investments, primarily through Low Income Housing Tax
Credits (LIHTC) for Capital One. This role will focus on
underwriting multi-investor funds and secondary LIHTC transactions.
Additional scope of responsibilities includes performing due
diligence and evaluating our tax credit syndicator partners. It is
expected you will have a depth and breadth of knowledge and
experience in LIHTC to provide leadership on the team and will
evidence a high degree of competence in all facets of departmental
operations. Our ideal candidate possesses strong presentation,
influencing, verbal and written communication skills as well as a
high level of attention to detail and the ability to work
independently and as part of a team. Additionally the candidate
will be skilled at identifying, evaluating and proposing solutions
to manage risk. Responsibilities include: Expertise in evaluating
LIHTC multi-investor and secondary market transactions including a
deep understanding of: Low income housing tax credits (LIHTC), tax
exempt bonds, funding from US Department of Housing and Urban
development (HUD), and other state/local governmental financing
sources. Independently assesses the risk profile of LIHTC funds
including terms, structure, investor consent rights, and
properties. Communicates information requirements to clients and
other deal constituents. Serve as the central contact for provision
of the requested data including maintaining the underwriting due
diligence checklist. Analyzes affordable housing developments to
identify primary sponsor, construction, conversion and operation
risks and work with the syndicator to ensure adequate mitigants are
in place. Independently completes and presents a written approval
request that clearly and concisely outlines the details of the
transaction, the underwriter---s recommendation and the basis of
the recommendation. The request will identify transaction strengths
and mitigate weaknesses, and document bank compliance with internal
and regulatory policies and procedures. Coordinates with the
origination team on the review and analysis of transaction pricing,
structuring and legal documentation. Evaluates tax credit
syndicator partners including a review of the organization---s
people, policies, procedures, financial performance and portfolio
track record. For Social Purpose type investments, model and
analyze property pro-forma for impacts, availability of cash flow,
amendment of legal documents, and tracking any necessary financing
partner consents/approvals. Liaises with internal team
representatives to ensure an efficient closing, initial funding and
transfer of the transaction to the Portfolio Manager. Leverages
industry expertise and market knowledge to serve as a mentor/coach
to other members on the team; participates in external industry
panels convened for problem-solving. Understands and employs all
lending, investing and regulatory/compliance controls, policies,
and procedures of the bank and the department. Basic
Qualifications: Bachelor---s degree or military experience At least
5 years of experience in business development or underwriting or
asset management within the field of affordable house finance or
commercial real estate --- Preferred Qualifications: Master of
Business Administration (MBA) or Master---s degree in Finance At
least 8 years of experience in business development or underwriting
or asset management within the field of affordable house finance or
commercial real estate Strong interpersonal and communication
skills Proficiency with spreadsheets and data analysis Experience
working with legal counsel 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 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. 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
RecruitingAccommodationcapitalone.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 Careerscapitalone.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).
Keywords: Capital One, Sugar Land , Sr. Manager, Community Finance, Underwriting, Executive , Sugar Land, Texas
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