Director, Community Finance Underwriting - Stabilized Proprietary & Multifund

Overview

The Director, Community Finance Underwriting - Stabilized Proprietary & Multifund role serves as a strategic people leader within the UWPM team, overseeing multifund and stabilized equity investments in the affordable housing line of business.

Primary Responsibilities

• Provide strategic direction and oversight for the underwriting and portfolio management team.
• Lead across Community Finance and broader Global Enterprise Affairs and Capital One.
• 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.
• 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.
• Drive innovation and continuous process improvements, automated data management and risk oversight.
• Lead, mentor, and advocate for a high-performing team of underwriters and portfolio managers, fostering a culture of professional development and exceptional execution.

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

• 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

External Affairs

Works with many external and internal stakeholders to envision and create a world of greater socioeconomic opportunity through advocating for an inclusive society, building thriving communities, and creating financial tools that enrich lives. Teams include Communications, Community Impact and Investment, Community Finance, CRA Strategy and Program Management, the Government and Political Affairs Group, Regulatory Relations, and Strategy and Engagement.

Community Finance

Builds inclusive, thriving resident-centered communities that catalyze opportunity and promote well-being. The team originates debt and invests in the low income housing tax credit through proprietary and multi-investor fund structures.

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.

Pay

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.

• Charlotte, NC: $209,500 - $239,100 for Agency UW & PM IVCandidates 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.

Benefits

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.

Application Information

No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

A possible career journey at Capital One:

• Coordinator
• Senior Coordinator
• Principal Coordinator
• Associate
• Senior Associate
• Principal Associate
• Manager
• Senior Manager
• Director
• Senior Director
• VP