Manager, Construction Loan Administration
Role Summary:
A Manager in the Community Finance Construction Loan Administration (7LA8) Team manages a medium- to large-sized portfolio of standard/complex construction loans, primarily consisting of multifamily low-income housing tax credit (7IHTC8) transactions, with limited oversight from more experienced CLAs. The role involves taking full responsibility for performing monthly due diligence on Borrowers6 draw requisitions, including verifying documentation and tracking/balancing budgeted sources/uses, and ensuring proper, loan agreement-compliant documentation is received for funding while performing risk mitigation efforts.
Key Responsibilities:
Key responsibilities encompass the end-to-end administration of construction loans, acting as the primary point of contact for borrowers and coordinating with internal and external partners, including Project Managers, Closers, inspectors, and government agencies. The Manager manages the entire loan lifecycle, starting with reviewing transaction documentation, attending closing calls, and setting up the initial draw process. Ongoing daily operations include processing monthly draw requisitions with full due diligence, managing bank-controlled accounts (BCAs), and tracking budgets, change orders, and equity contributions. The associate also handles general ledger transactions, interest payments, and insurance compliance. The loan lifecycle concludes with the associate monitoring maturities, coordinating extensions, processing payoffs, and executing permanent loan conversions. Beyond daily administration, this role requires leading team training, onboarding new members, and driving strategic process improvement projects.
Basic Qualifications:
Bachelor6s Degree or Military Experience
At least 5 years of experience in construction loan management
At least 5 years of experience in accounting and loan operations, including the direct preparation, review, or processing of loan documents
Preferred Qualifications:
6+ years of experience in construction loan management
Experience with construction lending, LIHTC investment or syndication
Strong critical thinking, credit analysis and problem solving skills
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
McLean, VA: $134,400 - $153,300 for Manager, Process Management
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate6s offer letter.
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days.
