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Loan Operations, Syndication Closing Associate - Melville, NY

Company: Capital One
Location: Melville
Posted on: June 12, 2021

Job Description:

1307 Walt Whitman (22600), United States of America, Melville, New York

Loan Operations, Syndication Closing Associate - Melville, NY

Summary

The Loan Closer is primarily responsible for the closing & booking of syndicated commercial loan products across a wide variety of industries supported by Capital One's commercial bank. The associate will drive the closing process in support of the underwriter, capital markets and the syndicate bank group, including the review of credit approvals, legal documentation, due diligence, & funding & booking mechanics. The ability to learn quickly and to adapt to change are important skills in this role. Additionally, important skills are effective communication, product knowledge & the ability to clearly convey complex concepts and issues in a concise way.

Responsibilities

  • Support the closing of syndicated loans across various industries including commercial real estate, sponsor finance, middle market & energy banking & products including construction loans, unitranche, letters of credit & foreign currency.
  • Review legal documents to ensure documentation complies with Bank policy & procedure and accurately reflects the intentions of the credit approval
  • Provide feedback on draft documents pertaining to loan booking and servicing mechanics
  • Coordinate the completion of pre-closing requirements with internal & external clients (underwriters, syndication desk, borrowers, lenders and legal counsel)
  • Responsible for the collection of flood due diligence, third party reports (appraisals, environmental, etc), & commercial insurance in consultation with real estate & insurance specialists
  • Resolve issues that might impede closing and use judgement to involve the manager and internal partners when required
  • Execute loan closing, funding & booking activities in ACBS in collaboration with all parties
  • Effectively communicate deal information & pass off to the life-of-loan servicing team
  • Compile collateral package & route to Collateral Monitoring group
  • Compile escrow package for taxes and insurance & route to Escrow Team
  • Coordinate the closing of ongoing amendments & loan trading as Administrative Agent
  • Additional tasks include, the reconciliation of cash breaks & fee income, generation of reports & metrics, and testing of process & system enhancements

Basic Qualifications

  • Bachelor's Degree or Military Experience

Preferred Qualifications

  • At least 1 year of ACBS experience
  • At least 1 year of experience in commercial loan booking, loan servicing, or loan closing
  • Strong syndication product and industry knowledge
  • Strong loan document comprehension and attention to detail

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

Keywords: Capital One, New Haven , Loan Operations, Syndication Closing Associate - Melville, NY, Other , Melville, Connecticut

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