Principal Associate, Underwriting - CDFI

Principal Associate, Underwriting - CDFI Global Enterprise 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. Capital One’s Community Finance team originates debt and equity to support affordable housing development. Community Finance provides debt financing, and invests in low income housing credits through proprietary and multifund equity fund structures. The team is on a journey to reimagine the way it operates through a more strategic approach to its core work and advocacy efforts, next‑generation analytical and reporting capabilities, and innovative initiatives that leverage Capital One’s scale and influence. This role will sit within the Underwriting and Portfolio Management team supporting the Community Development Financial Institutions team in an underwriting capacity. In this role you will be working on a team that is truly changing banking for good, driving operational excellence for Capital One’s CDFI program. Primary Responsibilities Support preparation of credit approval packages. Assist in due diligence, underwriting or asset reviews of individual transactions in compliance with policies and procedures. Support portfolio management activities by monitoring financial performance and risk exposure. Conduct financial analysis and modeling to assess feasibility. Gather market data to support underwriting, asset or portfolio reviews. Partner with internal teams to ensure adherence to regulatory and internal policies. Lead the analysis and evaluation of opportunities, ensuring financial viability aligns with the organization’s risk appetite, and social impact goals. Monitor the portfolio performance for both financial health and social impact performance, collaborating with internal teams to ensure ongoing compliance with CDFI certification and grant funding requirements. Identify and implement process improvements for capital deployment, impact reporting, and partner relationship management to maximize community reach and operational efficiency. Contribute to process improvements to enhance operational efficiency. Basic Qualifications High School Diploma, GED, or Equivalent Certification At least 4 years of experience in credit, lending, relationship management, or any combination of the three At least 1 year of experience with mission‑driven lending or investments or community development lending or investments Preferred Qualifications Bachelor’s Degree or Military Experience 5+ years of experience in program management, CDFI, small business lending, or any combination of the three Experience collaborating with and coordinating a variety of stakeholders, including more senior stakeholders Completion of formal credit training program, or equivalent work experience At this time, Capital One will not sponsor a new applicant for employment authorization for this position. Salary McLean, VA: $131,300 - $149,800 for Principal Associate, Community Finance Richmond, VA: $119,400 - $136,200 for Principal Associate, Community Finance Compensation and Incentives 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. Benefits Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Eligibility varies based on full or part‑time status, exempt or non‑exempt status, and management level. 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. #J-18808-Ljbffr Capital One National Association