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Job Details

Commercial Real Estate Underwriter III

Company name
Capital One Financial Corporation

Location
New York City, NY

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NYC 299 Park Avenue (22957), United States of America, New York, New YorkAt Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.Commercial Real Estate, Underwriter IIICommercial Real Estate, Underwriter III-New York, New YorkThe Commercial Underwriter III is responsible for evaluating commercial loan applications for new loan facilities, as well as for processing loan renewals and extensions, all in accordance with business unit standards. Additional scope of responsibilities includes performing due diligence and gathering information as necessary to make sound lending decisions. The incumbent will also perform other duties as necessary to support the goals and objectives of the Commercial Lending area and the line of business unit.Responsibilities: Prepare property level pro forma cash flow models develop property valuations to properly size loan requests.Structure and underwrite routine credit facilities in a manner which achieves the Banks profitability goals while staying within the Banks risk parameter.Obtain appropriate market information to support the proposed loan.  Review and analyze financial statements, tax returns and cash flow statements of Borrowers and Guarantors. Develop familiarity with all lending policies and procedures of the Bank and the respective Line of Business. Prepare the written credit approval memoranda and present it at credit meetings. Partner with Loan Administration and outside counsel in the negotiation, review of loan documentation to ensure documents meet agreed-upon business terms and satisfy the specific requirements of the credit approval authority.  Develop familiarity with the Bank’s Dual Risk Rating system to fully understand and be able to determine proper risk ratings for loan facilities. Develop familiarity with various bank products that are offered and how they interface with the sales goals and objectives of the business line. Collaborate with a senior underwriter in developing an open dialogue and strong working relationship with Risk Management, Loan Administration, Special Assets Department, internal Credit Review and other groups that support and review the line of business. Develop familiarity with all bank compliance regulatory policies and procedures.Perform site due diligence, as applicable. Work on special projects as necessary.Multi task to provide support to more than one senior underwriter as necessary.Mentor analyst level associates.Basic Qualifications:Bachelors DegreeAt least 4 years of experience in Commercial Real Estate UnderwritingProficient in Microsoft Excel and Microsoft WordAt least 2 years of experience using ArgusPreferred Qualifications:Master's DegreeAt least 7 years of experience in commercial real estate banking or a related industry within commercial real estate, such as commercial real estate debt brokerage, equity investing and non-bank lendingExperience with Office, Retail & Industrial asset classes (including construction and lending against portfolios)At least 5 years of experience using ArgusAt this time, Capital One will not sponsor a new applicant for employment authorization for this position.,educationRequirements:NYC 299 Park Avenue (22957), United States of America, New York, New YorkAt Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.Commercial Real Estate, Underwriter IIICommercial Real Estate, Underwriter III-New York, New YorkThe Commercial Underwriter III is responsible for evaluating commercial loan applications for new loan facilities, as well as for processing loan renewals and extensions, all in accordance with business unit standards. Additional scope of responsibilities includes performing due diligence and gathering information as necessary to make sound lending decisions. The incumbent will also perform other duties as necessary to support the goals and objectives of the Commercial Lending area and the line of business unit.Responsibilities: Prepare property level pro forma cash flow models develop property valuations to properly size loan requests.Structure and underwrite routine credit facilities in a manner which achieves the Banks profitability goals while staying within the Banks risk parameter.Obtain appropriate market information to support the proposed loan.  Review and analyze financial statements, tax returns and cash flow statements of Borrowers and Guarantors. Develop familiarity with all lending policies and procedures of the Bank and the respective Line of Business. Prepare the written credit approval memoranda and present it at credit meetings. Partner with Loan Administration and outside counsel in the negotiation, review of loan documentation to ensure documents meet agreed-upon business terms and satisfy the specific requirements of the credit approval authority.  Develop familiarity with the Bank’s Dual Risk Rating system to fully understand and be able to determine proper risk ratings for loan facilities. Develop familiarity with various bank products that are offered and how they interface with the sales goals and objectives of the business line. Collaborate with a senior underwriter in developing an open dialogue and strong working relationship with Risk Management, Loan Administration, Special Assets Department, internal Credit Review and other groups that support and review the line of business. Develop familiarity with all bank compliance regulatory policies and procedures.Perform site due diligence, as applicable. Work on special projects as necessary.Multi task to provide support to more than one senior underwriter as necessary.Mentor analyst level associates.Basic Qualifications:Bachelors DegreeAt least 4 years of experience in Commercial Real Estate UnderwritingProficient in Microsoft Excel and Microsoft WordAt least 2 years of experience using ArgusPreferred Qualifications:Master's DegreeAt least 7 years of experience in commercial real estate banking or a related industry within commercial real estate, such as commercial real estate debt brokerage, equity investing and non-bank lendingExperience with Office, Retail & Industrial asset classes (including construction and lending against portfolios)At least 5 years of experience using ArgusAt 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 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.comCapital 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).,employmentType:CU,identifier:R46360,industry:Full time,title:Commercial Real Estate, Underwriter III,url:https://www.capitalonecareers.com/job/new-york/commercial-real-estate-underwriter-iii/1732/7819773,hiringOrganization:{@type:Organization,name:Capital One - US},jobLocation:{@type:Place,address:{@type:PostalAddress,addressLocality:New York,addressRegion:New York,addressCountry:United States,streetAddress:,postalCode:}}}

Company info

Capital One Financial Corporation
Website : http://www.capitalone.com

Company Profile
Capital One isn't just concerned with what's in your wallet; it's interested in your bank account as well. The company is best known as one of the largest issuers of Visa and MasterCard credit cards in the US, but it also boasts a banking network of approximately 1,000 branches, mainly in New York, New Jersey, Louisiana, Texas, and the Washington, DC area. Subsidiary ING Direct offers online and direct banking without branches. Capital One, which serves more than 50 million customers in the US, Canada, and the UK, also has units that offer auto financing, write home loans, sell insurance, and manage assets for institutional and high-net-worth clients.

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