Sr Business Underwriting Associate (Small Business Card)

Company: Capital One
Location: Richmond
Posted on: January 17, 2020

Job Description:

Job DescriptionWest Creek 2 (12072), United States of America, Richmond, Virginia At 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. Sr Business Underwriting Associate (Small Business Card) Small Business Card is one of the fastest growing businesses within Capital One. That growth is powered by our highly skilled underwriting team that makes account decisions for our most valuable clients. We are seeking an experienced Business Banking professional to be accountable for a portfolio of credit line decisions up to $500K exposure. In this role, you will have primary accountability for analyzing business and personal financial conditions to evaluate credit worthiness and prepare detailed recommendations for loan decisions. You will assess financial statements and additional data to understand revenues, profitability, cashflow, sustainability, and overall risks. You will have direct hi-touch client interactions via phone and email. You will conduct quarterly and yearly assessments on all clients in your portfolio. General Responsibilities: * Make credit recommendations on cases up to $500K exposure and maintain individual signing authority up to $250K exposure * Conduct business interviews to understand client business model, sources of revenue, merchant spend, and future projections * Assess business financial performance against policy guardrails * Evaluate future business growth potential, market competitiveness, and industry risks * Prepare clear, concise analysis supporting credit memos that recommend decisions and address rationale for any deviations from loan policy, procedures and guidelines * Identify and mitigate key credit risks * Maintain satisfactory level of portfolio losses while meeting expectations of loan revenues * Adhere to all applicable regulations and the expected execution standards * Request additional business and personal information to address key identified risks * Demonstrate exceptional service in all interactions with clients and partners * Track and resolve process breakdowns * Monitor portfolio performance to identify trends and alignment to expectations * Mentor, coach, and train junior level underwriters * Participate in research and development projects for the business Basic Qualifications: * High School Diploma, GED or Equivalent Certification * At least 2 years' experience in Commercial loan underwriting or Small Business loan underwriting Preferred Qualifications: * Bachelor's Degree in Finance, Accounting * Moody's Analytics Certification in Commercial Credit (CICC) * CPA or other professional accounting certification At this time, Capital One will not sponsor a new applicant for employment authorization for this position.SDL2017

Keywords: Capital One, Richmond , Sr Business Underwriting Associate (Small Business Card), Other , Richmond, Virginia