Sr. Manager, Specialty Underwriting & Portfolio Management - Corporate & Sponsor Lending

Sr. Manager, Specialty Underwriting & Portfolio Management - Corporate & Sponsor Lending

The Commercial Underwriting and Portfolio Management organization is responsible for working with internal partners to underwrite new transactions and manage the existing portfolio of loans. Our Underwriters and Portfolio Managers balance supporting the Commercial’s Bank’s growth and ensuring we have a scalable, well-managed business. 

This role supports the Corporate & Sponsor Lending - Cash Flow (CSL-Cash Flow) line of business. Capital One’s CSL-Cash Flow group includes the Diversified Industries, Food & Beverage, Healthcare and TMT industry verticals within the Middle Market Bank. The group provides financing to medium to large companies for mergers and acquisitions, corporate growth, balance sheet re-financings and recapitalizations. The CSL-Cash Flow portfolio consists of over 560 clients and $30 billion in credit exposure. 

As an Underwriter & Portfolio Manager, you begin to demonstrate subject matter expertise in credit risk management and are expected to perform responsibilities independently. In addition to your own job duties, you will play a leadership role across deal teams by guiding and shaping more junior associates. You are trusted with the most complex transactions or solve unique problems because of your experience and job specific skills.

Primary underwriting responsibilities may include:

• Underwrite leveraged debt transactions to new or existing clients

• Lead due diligence process and calls; evaluate diligence to draw relevant conclusions on material strengths, risks, and mitigants

• Assist less experienced team members in financial statement analysis and cash flow analysis

• Review financial models independently

• Coordinate with deal team on appropriate structuring options

• Write and prepare the credit approval document; review work of less experienced members of the team; begin to take a leadership role in conversations with internal partners

• Oversee closing process requirements; review closing memo

• Prepare term sheets, commitment letters and fee letters with minimal guidance; understand majority of provisions of all credit documents and can provide rationale; begin to negotiate credit docs with guidance

• Drive overall deal process and lead communication with internal and external constituents; constructively improve deal process

Primary portfolio or asset management responsibilities may include:

• Manage a portfolio of accounts independently; review and monitor portfolio accounts’ health and performance against expectations; drive customer retention

• Proactively anticipate issues, draw parallels from other accounts to own account; resolve problem accounts in partnership with other teams and specialists

• Coordinate with Portfolio Management team to ensure all annual reviews and both material and non-material modifications are completed on time 

• Assist portfolio managers with quarterly portfolio reviews

• Ensure compliance with credit policies and procedures for existing accounts

• Respond to requests from all internal and external stakeholders

• Work with portfolio managers to ensure portfolio data is accurate, timely, and complete to ensure strong quality and reporting capabilities

 

Additional Responsibilities may include:

• Build relationships across function and business to foster collaboration between partner groups

• Interact directly with customers to cultivate strong relationships while balancing risk and return 

• Mentor and train rotational analysts and less experienced associates

• Participate in internal initiatives to ensure the business is well-managed and operates efficiently

Basic Qualifications:

• Bachelor’s Degree or Military Experience

• At least 5 years of experience in credit underwriting, portfolio management or asset management

Preferred Qualifications:

• Bachelor's Degree in Accounting, Finance, or other relevant fields

• 7+ years of experience in credit underwriting or portfolio or asset management

• Previous leadership (informal or formal) experience