Principal Associate, Underwriting – CDFI

Capital One

Principal Associate managing underwriting for Capital One’s CDFI program to enhance financial and social impact. Collaborating with teams to ensure adherence to internal policies and process improvements.

Posted 5/15/2026full-timeMcLean • Virginia • 🇺🇸 United StatesJuniorMid-Level💰 $119,400 - $149,800 per yearWebsite

About the role

Key responsibilities & impact

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.

Requirements

What you’ll need

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
Bachelor’s Degree or Military Experience (preferred)
5+ years of experience in program management, CDFI, small business lending, or any combination of the three (preferred)
Experience collaborating with and coordinating a variety of stakeholders, including more senior stakeholders (preferred)
Completion of formal credit training program, or equivalent work experience (preferred)

Benefits

Comp & perks

Health insurance
401(k) matching
Paid time off
Performance based incentives
Comprehensive benefits package

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

financial analysisfinancial modelingcredit approvalunderwritingasset reviewsportfolio managementrisk assessmentprocess improvementsimpact reportingcapital deployment

Soft Skills

collaborationrelationship managementstakeholder coordinationleadershiporganizational skillscommunicationanalytical thinkingproblem-solvingattention to detailadaptability

Certifications

High School DiplomaGEDEquivalent Certificationformal credit training program