Senior Manager, Underwriting and Portfolio Management
77 West Wacker Dr (35012), United States of America, Chicago, Illinois
Senior Manager, Underwriting and Portfolio Management
The Underwriting and Portfolio Management organization is responsible for working with internal partners to underwrite new transactions and manage the existing portfolio of loans. Our Underwriters and Portfolio Managers balance supporting the Commercial’s Bank’s growth and ensuring we have a scalable, well-managed business. This role supports the Capital One Healthcare Cash Flow lending team.
Capital One Healthcare is one of the most active capital providers in the U.S. healthcare market, providing more than $81 billion in financing over the past 10 years. We are the #1 lead arranger of healthcare-leveraged loans for credit facilities up to $1 billion, as measured by Thompson Reuters LLC. Customers across 45 healthcare sectors — including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals and medical devices — rely on Capital One Healthcare to finance acquisitions, refinance existing debt, support working capital needs and fund growth initiatives. With in-depth industry and expertise, the Capital One Healthcare team of professionals creates business and financial solutions tailored to meet the individual needs of its customers.
The Healthcare business also provides a full range of other services including loan syndication, treasury management, capital market products, and institutional asset management. As an Underwriter & Portfolio Manager, you begin to demonstrate subject matter expertise in credit risk management and are expected to perform responsibilities independently. In addition to your own job duties, you may play a leadership role across deal teams by guiding and shaping more junior associates. You are trusted with the most complex transactions or solve unique problems because of your experience and job specific skills.
Primary underwriting responsibilities may include:
Lead due diligence process and calls; evaluate industry research to draw relevant conclusions on material strengths, risks, and mitigants
Assist less experienced team members in financial statement analysis and cash flow analysis
Prepare and review financial models independently
Coordinate with deal team on appropriate structuring options or overrides to financial models
Write and prepare all parts of the credit approval document; may review work of less experienced members of the team; begin to take a leadership role in conversations with internal partners
Oversee closing process requirements; review closing memo
Prepare term sheets, commitment letters and fee letters with minimal guidance; understand majority of provisions of all credit documents and can provide rationale; begin to negotiate credit docs with guidance
Drive overall deal process and lead communication with internal and external constituents; constructively improve deal process
Delegate spreading and risk ratings to analysts or contractor teams
Prepare and/or review pricing models independently; understand drivers for pricing model outputs and consider areas for increasing returns
Primary portfolio or asset management responsibilities may include:
Manage a portfolio of accounts independently; review and monitor portfolio accounts’ health and performance against expectations; drive customer retention
Proactively anticipate issues, draw parallels from other accounts to own account; resolve problem accounts in partnership with other teams and specialists
Complete annual reviews and both material and non-material modifications independently and on time
Facilitate and leads quarterly portfolio reviews
Ensure compliance with credit policies and procedures for existing accounts
Respond to requests from all internal and external stakeholders
Ensure portfolio data is accurate, timely, and complete to ensure strong quality and reporting capabilities
Additional Responsibilities may include:
Build relationships across function and business to foster collaboration between partner groups
Interact directly with customers to cultivate strong relationships while balancing risk and return
Mentor and train rotational analysts and new hires
Participate in internal initiatives to ensure the business is well-managed and operates efficiently
Basic Qualifications:
Bachelor’s Degree or Military Experience
At least 5 years of experience in credit underwriting or portfolio management or asset management
Preferred Qualifications:
Bachelor's Degree in Accounting, Finance, or other relevant fields
6+ years of experience in credit underwriting or portfolio or asset management
Healthcare finance experience
Previous leadership experience with deal teams or analysts
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
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, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, 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, 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.
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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).