Associate, Tax Credit Operations (New Market Tax Credit)

Capital One is a financial services company seeking an Associate for their Tax Credit Operations team. The role involves managing a portfolio of tax credit investment products, processing loan and equity requests, and ensuring compliance with legal documents.ResponsibilitiesManage a portfolio of active credit facilities and equity investments for New Markets Tax CreditProcess loan and equity requests (draw downs, pay downs, interest payments); interest and exchange rate fixing, manual interest and fee calculations, as well as, billing and liquidationsWork closely with respective business units and other internal partners to align needs and provide support as neededPerform manual loan tracking enhancements, cash breaks analysis, reconciliations of interest fees and letters of credit, and comprehensive testing of system enhancementsReview of, and extraction from, legal documents for compliance, interpretation and operational viabilityDevelop, design, and implement inter-departmental controls, risk-reducing processesServe as liaison for both borrowers, lenders and investors by responding, resolving, and expediting inquiries, discrepancies, and special requestsEstablish and maintain Customer Satisfaction through positive and constructive client relationsSkillsHigh School Diploma, GED, or equivalent certificationAt least 1 year of experience in banking operationsBachelor's Degree or Military experience2+ years of experience in Commercial Loan Servicing or Commercial Loan Operations2+ years of experience using Advanced Commercial Banking System (ACBS)BenefitsPerformance based incentive compensationCash bonus(es)Long term incentives (LTI)Comprehensive, competitive, and inclusive set of health, financial and other benefitsCompany OverviewCapital One is a financial services company that provides banking, credit card, auto loan, savings, and commercial banking services. It was founded in 1994, and is headquartered in Mclean, Virginia, USA, with a workforce of 10001+ employees. Its website is http://www.capitalone.com.



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