Director, Community Finance Underwriting - Stabilized Proprietary & Multifund

Overview

The Underwriting & Portfolio Management (UWPM) team is an integral part of Community Finance that is responsible for the risk assessment, evaluation, management, and administration of individual loans and investments and the entire portfolio. The team underwrites new affordable housing transactions, manages and administers the portfolio of debt and equity exposure, and ensures a scalable and well-managed business. The team endeavors to create an environment that supports efficient and impactful risk management.

Basic Qualifications

• Bachelor’s degree or military experience
• At least 10 years of experience in underwriting, asset management, portfolio management or any combination of the three in the field of affordable housing or commercial real estate
• Master’s degree in Finance, Real Estate, or a related field
• Extensive experience in construction lending, LIHTC equity underwriting, equity asset management, or fund management
• 5+ years of people leadership experience
• Proven ability to lead teams and complex problem solving skills

Preferred Qualifications

A deep understanding of affordable housing finance, Low-Income Housing Tax Credit (LIHTC) equity structures, upper-tier and lower-tier risk management, innovation, operational efficiency, and leadership.

Strategic Leadership

• Provide strategic direction and oversight for the underwriting and portfolio management team
• Lead across Community Finance and broader Global Enterprise Affairs and Capital One

Approvals

• Lead internal approvals primarily for equity transactions and any related debt, ensuring structural integrity and alignment with Capital One’s risk appetite, financial return profiles, and regulatory requirements

Portfolio Surveillance & Risk Mitigation

• Oversee risk assessment and lifecycle management of equity investments
• Proactively manage emerging lower-tier and upper-tier portfolio risks and ongoing operational or financial performance metrics of affordable housing assets

Process Innovation

• Drive innovation and continuous process improvements, automated data management and risk oversight

Team Leadership

• Lead, mentor, and advocate for a high-performing team of underwriters and portfolio managers, fostering a culture of professional development and exceptional execution