Commercial Real Estate Asset Manager

About the role

The Asset Manager is responsible for safeguarding assets by diligently managing an existing portfolio of loans secured by commercial income-producing properties. This role specializes in the analysis and assessment of risk associated with loans secured by Commercial Real Estate (CRE) deals. The ideal candidate will have a deep understanding of property-level financial analysis, real estate market dynamics, and the unique risks associated with various property types. You will be a key player in ensuring the performance and stability of Capital One’s CRE loan portfolio from closing through payoff.

Responsibilities

• Property-Level Analysis: Perform comprehensive underwriting by analyzing property operating statements, rent rolls, lease abstracts, and pro forma projections for various asset types (Multifamily, Industrial, Retail, Office, etc.).
• Financial Modeling & Risk Metrics: Calculate and analyze key real estate metrics including Net Operating Income (NOI), Debt Service (including adjustments for interest rate hedges), Debt Service Coverage Ratios (DSCR), and Loan-to-Value (LTV) to determine the borrower’s ability to meet current debt service obligations as well as refinance at maturity.
• Market Analysis: Evaluate the underlying real estate market fundamentals, including submarket conditions, vacancy and rental rate trends, new supply, and the asset's competitive positioning within the market.
• Guarantor Analysis: Conduct in-depth analysis of individual and corporate guarantors, including a thorough review of personal/corporate financial statements, tax returns, liquidity, contingent liabilities, and global cash flow from assets to assess their financial strength and capacity to support the debt.
• Risk Rating & Annual Reviews: Author clear and comprehensive credit approval memorandums that detail the loan structure, collateral, market condition, collateral competitive position in the market, key risks, and provide a well-supported recommendation for risk ratings based on property performance.
• Third-Party Report Review: Review and evaluate third-party reports, including property appraisals, environmental site assessments (ESAs), and property condition reports (PCRs).
• Compliance & Servicing Actions: Ensure borrower compliance with all loan covenants and reporting requirements. Analyze and process borrower requests for modifications, leasing consents, or collateral releases.
• Detail-Oriented: Meticulous in review of financial data, written approval packages, leases, and third-party reports.
• Market-Aware: Passionate about real estate and stays current on market trends, transactions, and economic news.
• A Self-Starter: Able to work independently, problem solve, manage a pipeline of deals, and meet deadlines.
• Collaborative: Works effectively with relationship managers, credit officers, legal counsel, and clients to meet client needs, obtain information, assess risk, and proactively identify adverse trends or issues.

Qualifications

Basic Qualifications

• Bachelor’s Degree or Military Experience
• At least 2 years of experience in credit underwriting, portfolio management, or asset management

Preferred Qualifications

• Bachelor's degree in Finance, Real Estate, Accounting, or a related field
• 2-4+ years of dedicated experience in commercial real estate credit analysis, underwriting, or asset management
• Proven expertise in analyzing CRE property types, like Multifamily, Industrial, Retail, or Office
• Deep understanding of CRE valuation methodologies, interest rate hedging strategies (e.g., swaps or caps), and key performance indicators such as NOI, DSCR, LTV, Cap Rate, or Debt Yield
• Completion of a formal bank credit training program with a focus on real estate
• Proficiency in ARGUS, CoStar, and other real estate-specific software platforms
• Knowledge of CRE loan documentation and legal considerations
• Advanced proficiency in Microsoft Excel and/or Google Sheets for financial modeling and analysis
• Excellent analytical skills and situational awareness with an ability to identify and mitigate transaction-specific risks
• Strong written and verbal communication skills

Pay

The minimum and maximum full-time annual salaries for this role are listed below, by location. Salaries for part-time roles will be prorated based on the agreed-upon number of hours to be regularly worked.

• Charlotte, NC: $119,400 - $136,200
• McLean, VA: $131,300 - $149,800
• Plano, TX: $119,400 - $136,200

Candidates hired to work in other locations will be subject to the pay range associated with that location. 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.

Benefits

Capital One offers a comprehensive, competitive, and inclusive set of health, financial, and other benefits that support your total well-being. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level. Learn more at the Capital One Careers website.