Job Description
Agency Asset Manager I - InspectionsThe Principal Associate plays a key role responsible for conducting comprehensive physical inspections of multifamily assets supporting Underwriting and Asset Management. This position will be a member of the Agency Finance Asset Management team, primarily focused on Fannie Mae and Freddie Mac collateral inspections.Responsibilities: Property Condition Assessments (PCAs): Perform comprehensive physical inspections of apartment buildings, including building systems (HVAC, plumbing, electrical), structural integrity, roofs, and exterior grounds. Agency Compliance & Standards: Ensure all inspections meet specific agency guidelines. Documentation & Reporting: Produce detailed, photographic reports outlining the current condition, necessary repairs, and estimated costs (Immediate Repairs and Replacement Reserves). Safety and Compliance: Identify deferred maintenance, safety hazards (like mold, water damage, or electrical issues), and compliance with local building codes. Unit Inspections: Access a representative sampling of apartment units to verify conditions and compliance with property standards, typically coordinating access with property management. Ability to conduct walkthroughs of large properties, including climbing ladders to inspect roofs and walking around extensive grounds. Frequent travel to different locations As requested, prepare loan and portfolio level status reports Comply with all Investor monitoring and reporting requirementsBasic Qualifications: Bachelor's Degree or military experience At least 2 years of experience in commercial real estate, property management At least 2 years of GSE experience (Fannie Mae or Freddie Mac) or CMBS experiencePreferred Qualifications: Bachelor's Degree in Business, Finance, or Economics At least 4 years of experience in commercial real estate, property management At least 3 years of GSE experience (Fannie Mae or Freddie Mac) or CMBS experience At least 3 years of experience with loan asset management At least 3 years of experience conducting site inspections with a firm understanding of MBA Guidelines Knowledge of Fannie Mae and Freddie Mac inspection requirements Knowledge of Property Condition Assessments (PCAs) Ability to use cameras and software for data collection and report submission. Strong written and oral communication skills High level of proficiency in Microsoft Office or Google Suite (Excel, Word, PowerPoint) Qualified GSE Inspector 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: $119,400 - $136,200 for Agency Asset Manager IHouston, TX: $119,400 - $136,200 for Agency Asset Manager IMcLean, VA: $131,300 - $149,800 for Agency Asset Manager IPlano, TX: $119,400 - $136,200 for Agency Asset Manager ICandidates 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 inqu