Principal Associate, Underwriting, Portfolio, and Loan Management
Role Summary
As a Principal Associate in Portfolio Management, you are the primary steward of Capital One’s Community Finance assets. You are responsible for the ongoing credit administration and risk management of a diverse portfolio, your portfolio may include a mix of construction debt, permanent debt, and Low Income Housing Tax Credit (LIHTC) equity investments. Your focus is on the health of the asset. You will monitor construction progress, lease-up velocity, and stabilized operations to ensure our investments continue to meet both financial performance and balance risk exposure. You will act as the "early warning system" for the bank—identifying potential risks, proposing mitigants, and maintaining a high standard of data integrity.
Primary Responsibilities
Asset Surveillance: Proactively manage a portfolio of LIHTC equity and debt facilities, ensuring all financial covenants, reporting requirements, and compliance milestones are met. Lead the preparation of annual reviews, quarterly risk rating reviews and support preparation of periodic portfolio reviews.
Risk Mitigation: Conduct regular financial statement analysis and site inspections; identify deteriorating credit trends or construction delays and develop mitigation strategies.
Construction & Lease-up Oversight: Approve draws, construction budgets, and lien waivers. Partner with third-party consultants to ensure projects remain on schedule and within budget.
Data Integrity & Reporting: Ensure all internal systems accurately reflect the current risk profile of the portfolio.
Stakeholder Management: Collaborate and act as the point of contact for borrowers, syndicators and internal stakeholders.
Process Innovation: Identify opportunities to streamline portfolio monitoring workflows and enhance the "Well-Managed" culture of the Community Finance team.
Basic Qualifications
A High School Diploma, GED, or Equivalent Certification.
At least 2 years of experience in Asset Management, Portfolio Management, or Commercial Credit Analysis.
Preferred Qualifications
Bachelor’s Degree in Finance, Accounting, Real Estate, or a related field.
Experience managing construction-to-permanent loan conversions.
2+ years of experience specifically within Affordable Housing, LIHTC, or Commercial Real Estate Finance.
Strong proficiency in financial modeling and interpreting complex partnership agreements.
Demonstrated ability to influence internal partners and external clients through confident, data-driven communication.