Principal Associate, Commercial Accounting

Company: Capital One
Location: Wilmington
Posted on: March 17, 2026

Job Description:

Principal Associate, Commercial Accounting We are seeking a highly motivated accountant to join the Controllers Group as a Principal Accounting Associate with a focus on accounting, financial analysis, and process improvements. We are looking for a new team member for the Commercial Equity Investment and Unitranche Financing suite of products. The role requires close partnership with our business contacts to coordinate and deliver key results, project initiatives and documentation. The team member should possess strong written and verbal communication skills, as well as strong analytical, problem solving and organizational skills. The team member will be a self-starter responsible for managing multiple priorities and meeting deadlines in a fast paced, time sensitive environment. The Controllers Group supports the financial implementation of new products, services, and systems with countless opportunities for knowledge growth. In this role you will: - Prepare and review accounting-related activities, such as journal entries and reconciliations, analytics and support and prepare external Securities and Exchange Commission and regulatory reports, including documentation and presentation of results to management and senior leadership - Analyze and account for new equity investments. Research accounting impacts for new business types and investments with new contractual requirements - Serve as the main point of contact and subject matter expert for our lending special purpose vehicles (SPV), including working with the SPV 3rd party investors and accounting professionals - Respond to requests from Finance and key business partners, associates throughout the Controllers group, Operation teams, and external and internal auditors - Present results, findings, risks and recommendations to leadership and stakeholders - Collaborate with several teams across the organization on various corporate initiatives - Contribute to process improvement through project development and knowledge sharing - Participate in key corporate projects such as technology and data transformation, process improvement, and business initiatives - Collaborate with internal and external partners to resolve issues and stay connected on process or product changes Basic Qualifications: - Bachelor's Degree or military experience - At least 3 years of experience in accounting, external financial reporting, audit, finance, or a combination - At least 2 years of experience with Google Office or Microsoft Office products, or a combination Preferred Qualifications: - Certified Public Accountant (CPA) license - 5 years of experience in accounting, external financial reporting, audit, or finance, or a combination - Experience in the Financial Services industry - Experience accounting for investments under the Equity Method and/or Equity Security Accounting Guidance 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. McLean, VA: $120,800 - $137,900 for Principal Associate, Accounting Richmond, VA: $109,900 - $125,400 for Principal Associate, Accounting Wilmington, DE: $109,900 - $125,400 for Principal Associate, Accounting Candidates 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 inquiries. If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations. For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site. Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

Keywords: Capital One, Philadelphia , Principal Associate, Commercial Accounting, Accounting, Auditing , Wilmington, Pennsylvania