Center 1 (19052), United States of America, McLean, Virginia
Associate Analyst, Community Finance
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. Our 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. Through our teams, we have unparalleled access to a diverse group of motivated changemakers similarly focused on the ingredients for a more perfect future.
We focus on innovation and opportunity -- on long term well being for our associates, customers, and communities. We dream in disruption -- at scale -- especially for those who have been underserved. This is the language of changing things for the better, of the future, and...of Capital One.
Community Finance's commitment to impact is clear. In 2022, the company provided more than $7.19 billion in community development loans, and we have been an industry leader in community development lending for many years. Our Community Finance team is one of the top providers of affordable housing opportunities in banking. Since its inception, Capital One has invested almost $17 billion in affordable housing and provided financing for more than 160,000 affordable housing units.
As we continue to build our commitment to our customers and communities, we would like for you to consider being part of this very special team.
The Opportunity and Role
The analyst will contribute to and take responsibility for critical functions throughout the entire process. The position offers an opportunity to gain financial and technical expertise, develop professional skills and build a foundation for career growth within the affordable housing industry.
In this role, you will gain a unique perspective on all things affordable housing. You will collaborate with colleagues, syndicators, developers, and other organizations to evaluate opportunities to support affordable housing.
The ideal candidate:
- Highly motivated, possessing strong analytical thinking, problem solving skills, and attention to detail.
- Demonstrate aptitude to question current procedures with a focus on continuous process improvement.
- Sharp attention to detail and ability to see the big picture, collaborative attitude with excellent communication skills.
- Ability to respectfully challenge, make decisions and handle multiple projects or deadlines in a fast-paced environment.
- Ability to be a team player.
Primary Responsibilities
- Develop an understanding of the affordable housing industry.
- Develop familiarity with all lending and investment policies and procedures of the Bank.
- Utilize and become highly proficient in Community Finance's proprietary financial underwriting template.
- Assist in evaluating prospective debt and equity investments in Affordable Housing.
- Under the guidance of People Leader or designee, analyze projects' financing, development budget, construction schedule, operating expenses, debt service, market analysis, and developer capacity.
- Day to day will include due diligence, market research, comparative analysis.
- Partner with other department areas, including Underwriting, Portfolio & Loan Management and Innovation and Analytics, to gain an understanding of the various roles and responsibilities of other associates within the department.
- Assist in the daily activities related to Community Finance's pipeline management to help achieve CRA and internal profitability needs.
- Assist in managing syndicator relationships.
- Drafting and collaborating on presentations and associated materials.
- Identifying and resolving issues and escalating to direct and senior management.
- Complete ad hoc assignments, reports, and analysis.
Basic Qualifications:
- High School Diploma, GED or equivalent certification.
Preferred Qualifications
- At least 1 year of experience in finance, economics, accounting or affordable housing.
- At least 1 year of experience using Google Workspace in a professional environment.
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
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.
New York City (Hybrid On-Site): $84,300 - $96,200 for Associate, Community Finance
Candidates 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.
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non-discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days. No agencies please. Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. 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.
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