Associate, Tax Credit Operations (New Market Tax Credit)

Capital One Financial

Hybrid

Quick summary

Work type
Hybrid
Location
Plano, TX · Charlotte, NC · Richmond, VA
Salary
$66,700–$76,100 / yr
Posted
3 days ago

Market check

Salary context

Below market

How this pay compares to similar roles

Similar $161k
This role $71k
$52k most similar roles pay here $208k

This role pays less than 99% of similar roles. Most pay $129,962–$193,000 — the shaded band above. At the midpoint, this role pays about $71k versus about $161k for comparable roles.

Based on 240 similar postings.

Employer

About Capital One Financial

Capital One Financial is a bank holding company specializing in credit cards, auto loans, banking, and savings products, known for its data-driven approach to consumer and commercial finance. Industry: Financial Services & Banking

Capital One Financial currently has 498 open roles on FindRole.

Listed pay typically runs $197,300–$225,100 across 495 roles with salary data.

Most-posted roles

View all roles at Capital One Financial

At a glance

TL;DR · Associate, Tax Credit Operations (New Market Tax Credit)

Capital One seeks an Associate for its Tax Credit Operations team within the Commercial Bank division, focusing on New Market Tax Credits. This role involves managing a portfolio of credit facilities and equity investments, processing loan requests, performing reconciliations, and ensuring compliance with legal documents. The associate will work closely with internal partners to support new deal closings and exits while maintaining customer satisfaction through effective communication. Key responsibilities include manual tracking enhancements, cash breaks analysis, and implementing risk-reducing processes. Candidates should have strong analytical skills, be tech-savvy, and possess excellent interpersonal abilities. Preferred qualifications include a bachelor’s degree or military experience, along with 2+ years in commercial loan servicing using Advanced Commercial Banking System (ACBS). The position requires a secure home office within 50 miles of designated hubs in Charlotte, NC; Plano, TX; or Richmond, VA.

What you'll do

  • Manage a portfolio of New Markets Tax Credit facilities and equity investments.
  • Process loan requests, interest payments, and perform manual fee calculations.
  • Review legal documents for compliance and operational viability.
  • Serve as liaison between borrowers, lenders, investors, and internal partners.
  • Develop and implement inter-departmental controls to reduce risks.

What we're looking for

  • At least 2 years of experience in banking operations
  • Experience in Commercial Loan Servicing or Commercial Loan Operations preferred
  • Familiarity with Advanced Commercial Banking System (ACBS) advantageous
  • Ability to manage multiple assignments and prioritize workflow effectively
  • Strong analytical thinking, problem-solving skills, and attention to detail required
  • Excellent communication and interpersonal skills for interacting with stakeholders
  • Must live within 50 miles of designated hub locations in NC, TX, or VA

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