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Loan Operations, Closing Officer I - McLean, VA

Capital One


Location:
McLean, VA
Date:
05/25/2017
Job Code:
capitalone2-R22876
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Job Details

Company Capital One

Job Title: Loan Operations, Closing Officer I - McLean, VA

JobID: capitalone2-R22876

Location: McLean, VA, 22106, USA

Description: McLean 1 (19050), United States of America, McLean, Virginia



At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.



Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.



Loan Operations, Closing Officer I - McLean, VA



Role: Closing Officer I



Internal Level: Pr. Associate



Summary



The Closing Officer will plan and drive the closing process for commercial loan products, including managing interactions and communications with all stakeholders (External Counsel, RMs, Underwriters, Analysts, Clients, etc.) The selected candidate will review complex opportunities with RMs and Underwriters to identify any deal aspects that have adverse impacts on closing, booking, and/or funding processes. The Closing Officer will coordinate, organize and verify documentation received from External Counsel and all other parties, ensuring documents are complete and accurately represent the approved transaction. They will also be responsible for directing the work of a junior closing officer.



Responsibilities



+ Review new/existing lending opportunities to identify any deal aspects that may adversely impact the closing, booking and/or funding processes

+ Consult with the RM/Underwriter to select and engage external counsel

+ Review and verify documentation prepared by external counsel and all other parties to ensure that the loan documents are complete, accurate, meet all regulatory requirements and ensure compliance with all loan requirements, commitment and approval conditions, policies and procedures using prudent closing practices and proper documentation

+ Prepare loan documentation for smaller facilities that meet the conditions to use internal documents

+ Manage the schedule for loan closing, including ensuring that all necessary tasks are completed in a timely manner and meet established closing requirements and deadlines

+ Ensure that KYC/AML screening has been conducted by the central KYC team. Work with all parties to resolve any and all issues that arise throughout and after the closing process

+ Provide authorization for closing to occur as well as approval of booking and funding instructions

+ Maintain close communication with all parties to ensure proper and timely settlement

+ Ensure that all documentation packages are compiled accurately and routed in a timely manner

+ Ensure that all post-approval /pre-closing requirements are accurately and appropriately documented

+ Track and clear all post-closing items

+ Direct the work and assist in the development of the closing Loan Administrator

+ Actively participate in all Deal Team, Sales and Production meetings; provide status updates to the closing pipeline report to all of the Deal Team members



Required Qualifications



+ Bachelor’s degree

+ At least 8 years of Banking experience

+ At least 8 years of Loan Closing experience



Preferred Qualifications



+ Paralegal certificate

+ Familiarity with all types of commercial loan documentation, including co-lender transactions

+ Strong written and oral communication skills

+ Ability to influence a variety of individuals to accomplish objectives

+ Proven organizational intelligence skills



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



At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               


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