Underwriter Development Program Jobs in Virginia

Director, Community Finance Underwriting - Stabilized Proprietary & Multifund
Capital One, a Fortune 500 company and one of the nation's top 10 banks, offers a broad spectrum of financial products and services to consumers, small businesses, and commercial clients. Our goal is to create one of the nation's great banks, and we have the necessary ingredients: a strong balance sheet, resilient businesses, a massive customer franchise, strong analytical capabilities, and great people. We nurture a work environment where people with a variety of thoughts, ideas, and backgrounds, guided by our shared values, come together to make Capital One a great company-and a great place to work.
Role Summary:
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.
Community Finance builds inclusive, thriving resident-centered communities that catalyze opportunity and promote well-being. The team originates debt and invests in the low income housing tax credit through proprietary and multi-investor fund structures.
The Underwriting & Portfolio Management (UWPM) team is an integral part of Community Finance that is responsible for the risk assessment, evaluation, management, and administration of individual loans and investments and the entire portfolio. The team underwrites new affordable housing transactions, manage and administer the portfolio of debt and equity exposure, and ensure a scalable and well-managed business. The team endeavors to create an environment that supports efficient and impactful risk management.
As a Director and Team Lead, you will serve as a strategic people leader within the UWPM team, specifically leading a team of underwriters and portfolio managers primarily responsible for multifund investments and stabilized equity investments in our affordable housing line of business. You will be responsible for managing emerging and current portfolio risk, drive business growth, optimize risk management, and cultivate strong relationships with key internal and external stakeholders. A core focus of this role will be leading the evaluation, execution, and ongoing surveillance of equity investments in both Proprietary and Multi-investor fund structures. This role requires a deep understanding of affordable housing finance, Low-Income Housing Tax Credit (LIHTC) equity structures, upper-tier and lower-tier risk management, innovation, operational efficiency, and leadership.
Our ideal candidate possesses critical thinking skills, demonstrates the willingness and ability to provide effective challenge, strong risk orientation, strong analytical skills, concise verbal and written communication skills, high level of attention to detail, ability to manage internal and external relationship, ability to work independently and as part of a team, problem solving skills, and risk management skills.
Primary Responsibilities:

• Strategic Leadership: Provide strategic direction and oversight for the underwriting and portfolio management team. Lead across Community Finance and broader Global Enterprise Affairs and Capital One.
• Approvals: Lead internal approvals primarily for equity transactions and any related debt , ensuring structural integrity and alignment with Capital One's risk appetite, financial return profiles, and regulatory requirements.
• Portfolio Surveillance & Risk Mitigation: Oversee risk assessment and lifecycle management of equity investments. Proactively manage emerging lower-tier and upper-tier portfolio risks and ongoing operational or financial performance metrics of affordable housing assets.
• Process Innovation: Drive innovation and continuous process improvements, automated data management and risk oversight.
• Team Leadership: Lead, mentor, and advocate for a high-performing team of underwriters and portfolio managers, fostering a culture of professional development and exceptional execution.

Basic Qualifications:

• Bachelor's degree or military experience
• At least 10 years of experience in underwriting, asset management, portfolio management or any combination of the three in the field of affordable housing or commercial real estate

Preferred Qualifications:

• Master's degree in Finance, Real Estate, or a related field
• Extensive experience in construction lending, LIHTC equity underwriting, equity asset management, or fund management
• 5+ years of people leadership experience
• Proven ability to lead teams and complex problem solving skills

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.
Charlotte, NC: $209,500 - $239,100 for Agency UW & PM IV
Chicago, IL: $209,500 - $239,100 for Agency UW & PM IV
McLean, VA: $230,400 - $263,000 for Agency UW & PM IV
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 (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. 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.
If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com
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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).