Agency Asset Manager II - Criticized Assets

Agency Asset Manager II - Criticized Assets

The Manager will play a vital role within the Risk Mitigation team managing an assigned portfolio of multifamily loans requiring heightened surveillance and risk mitigation oversight. The Agency Manager will be responsible for managing communication to internal and external stakeholders including investors, vendors, and borrowers. They will be responsible for performing duties as necessary to support the goals and objectives of the Multifamily Asset Management platform. This position will report into a Senior Manager.

Responsibilities:

• Portfolio Oversight: Manage a portfolio of distressed multifamily agency assets, with a focus on developing loss mitigation strategies, based on complex analyses, financial performance, borrower net worth and liquidity, market conditions, collateral condition, and other risk metrics.
• Stakeholder Communication: present to executive leadership, and act as the primary point of contact for internal and external stakeholders, addressing concerns and providing clear, frequent updates on progress and strategy to ensure compliance with all loan documents and Agency requirements
• Monitor monetary and non-monetary defaults and take swift action to mitigate risk
• Prepare property and loan level valuations using various valuation methodology such as discounted cash flows, direct capitalizations, and have discussion with appraisers and brokers for value opinions
• Conduct on-site property inspections on heightened risk rated loans as needed
• Participate in monthly loan risk rating process using Capital One proprietary systems
• Prepare ad hoc portfolio reports and analyses to report out risk, value, payment, workout and other necessary metrics
• Identify operational opportunities to aid in promoting accuracy and efficiency
• Workouts and Resolutions: Develop and implement workout strategies for underperforming assets, collaborating with internal and external stakeholders to maximize asset value and financial outcomes.
• Mentor, train and manage junior staff

Basic Qualifications:

• Bachelor's Degree or military experience
• At least 5 years of experience in multifamily commercial real estate
• At least 5 years of Agency GSE experience (Fannie Mae or Freddie Mac) or CMBS experience
• At least 5 years of experience in Agency Asset Management

Preferred Qualifications:

• Bachelor's Degree in Accounting, Finance, Business or Economics
• 6+ years of commercial real estate experience in Asset Management, Loss Mitigation or Watchlist Management
• 6+ years of experience analyzing property operating statements, rent rolls, and borrower financial statements
• 6+ years of asset management experience with managing Fannie Mae or Freddie Mac Agency property inspection experience
• Highly developed analytical skills including the ability to create complex spreadsheets and mine data
• Proficiency in analyzing property operating statements, rent rolls, and borrower financial statements and in modeling complex financial scenarios
• Possession of exceptional communication, negotiation, credit, and interpersonal skills
• Possession of strong analytical and problem solving skills
• Proven ability to manage multiple complex situations under pressure and with a high degree of professionalism
• Proficiency in Microsoft Office or Google Suite (Word, PowerPoint, Excel)
• Mortgage Banker's Association (MBA) Multifamily Property Inspections Certification

***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: $149,800 - $171,000 for Agency Asset Manager II

Houston, TX: $149,800 - $171,000 for Agency Asset Manager II

McLean, VA: $164,800 - $188,100 for Agency Asset Manager II

Plano, TX: $149,800 - $171,000 for Agency Asset Manager II

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.

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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).