Junior Special Assets Officer

Junior Special Assets Officer

Supports Special Assets Officers (‘SAOs’) who are managing a portfolio of stressed or distressed Cash Flow or ABL loans in many different business segments including DI, Healthcare, and FIG.  Jr SAO helps develop strategies to maximize recovery by providing analytical support including financial statement spreading, collateral analysis, and projection modeling. Jr SAO helps evaluate customer relationships to determine a divestiture or retention plan and may assist in identifying opportunities to restructure.  Together with SAOs, clearly present updates on deal strategy and progress on resolution to the business senior leadership team (‘SLT’).

Responsibilities:

• Monitors financial performance, helps to establish action plans to correct problem credits, monitors collateral value and provides continuous diligence to mitigate risk of loss to the bank.

• Financial modeling to support decision making related to debt restructurings.

• Advocate for the Bank’s interest within lending syndicates.

• Maintain the bank’s proprietary portfolio tracking system (COMET) with financial and customer information to support real time decisions by SAOs and SLT.

• Consults with inside/outside legal counsel to 1) protect Bank’s security/collateral; 2) negotiate waivers and forbearance agreements; and 3) document transaction restructurings in conjunction with workout strategy.

• Work with Accounting and Finance functions to ensure proper treatment and reporting of workout loans, including help with estimating impairments and/or charge offs.

• Responsible for reporting and portfolio analysis related to Criticized loans

• Participate in portfolio reviews and Watch List reviews

• Perform quarterly Impairment Analysis to determine loan and collateral/company value through multiple methods including discounted cash flow analysis

• Ad hoc projects to support the Special Assets Group (‘SAG’).

Basic Qualifications:

• Bachelor's Degree or military experience

• At least 2 years of commercial loan underwriting experience or financial analysis experience OR at least 1 year of commercial loan underwriting and at least 1 year of commercial loan workout experience

Preferred Qualifications:

• Bachelor's Degree in Accounting or Finance

• Master's Degree in Business (MBA)

• At least 3+ years of commercial loan underwriting experience

• At least 3+ years of loan workout experience

• At least 1+ year of experience in Google Suite

• Strong communication and collaboration skills

• Strong problem solving and influencing 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: $158,400 - $180,800 for Manager, Industry Special Assets Officer

 

New York, NY: $172,800 - $197,200 for Manager, Industry Special Assets Officer

 

 

 

 

 

 

 

 

 

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 candidate’s 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 the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.