Capital One · 2 months ago
Associate, Tax Credit Operations (New Market Tax Credit)
Richmond, VA
Full-time
Hybrid
Entry Level
$65K/yr - $74K/yr
1+ years expCapital One is a financial services company seeking an Associate for their Tax Credit Operations team. The role involves managing a portfolio of tax credit investments, processing loan and equity requests, and collaborating with internal partners to ensure compliance and operational efficiency.
Financial Services
No H1B
Responsibilities
Manage a portfolio of active credit facilities and equity investments for New Markets Tax Credit
Process 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 liquidations
Work closely with respective business units and other internal partners to align needs and provide support as needed
Perform manual loan tracking enhancements, cash breaks analysis, reconciliations of interest fees and letters of credit, and comprehensive testing of system enhancements
Review of, and extraction from, legal documents for compliance, interpretation and operational viability
Develop, design, and implement inter-departmental controls, risk-reducing processes
Serve as liaison for both borrowers, lenders and investors by responding, resolving, and expediting inquiries, discrepancies, and special requests
Establish and maintain Customer Satisfaction through positive and constructive client relations
Delivers quality work and process efficiencies on a consistent basis
Ability to prioritize workflow and manage multiple assignments or deliverables at once
Ability to operate and excel in a team environment while maintaining professionalism and respect for team members and Capital One associates
On-time and accurate execution of workflow
Associate should be comfortable organizing, preparing, and executing ad-hoc presentations for team members and stakeholders
Associate should be motivated to learn complexities of Tax Credit products, as well as, demonstrate an understanding of the products and processes supported by team to both immediate team members & partner groups
Associate should possess excellent communication and interpersonal skills in order to interact effectively with Internal and External stakeholders
Highly motivated professional, possessing strong analytical thinking, problem-solving skills, and attention to detail
Associate should possess and be willing to contribute to the development of financial industry “Skills of the Future” which include but are not limited to:
Tech Fluency - Candidate has a desire to understand top-level technology trends and the possibilities these trends offer their team and their LOB
Design Mindset - Candidate doesn’t just optimize, he or she challenges assumptions and constraints with the process
Workload Management - Candidate gathers information from a broad range of sources to make the best decisions and work efficiently
Adaptive Thinking - Candidate can consider different viewpoints that conflict with their natural bias
Qualification
Required
High School Diploma, GED, or equivalent certification
At least 1 year of experience in banking operations
Preferred
Bachelor's Degree or Military experience
2+ years of experience in Commercial Loan Servicing or Commercial Loan Operations
2+ years of experience using Advanced Commercial Banking System (ACBS)
Benefits
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being.
Company
Capital One
Capital One is a financial services company that provides banking, credit card, auto loan, savings, and commercial banking services.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$5.45BKey Investors
Berkshire Hathaway
2025-09-11Post Ipo Debt· $2.75B
2025-01-30Post Ipo Debt· $1.75B
2023-05-15Post Ipo Equity· $954M
Leadership Team
Daniel Arellano
Senior Vice President, Business Cards and Payments
Justin Burch
Senior Vice President
Recent News
2026-01-25
2026-01-25
2026-01-25
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