Commerical Loan Closing Specialist

Wells Fargo•Des Moines, IA

2d•Hybrid

About The Position

Wells Fargo is seeking a Commercial Loan Closing Specialist in Vendor Finance as part of Commercial Banking Operations Division. This role serves as the operational checkpoint prior to funding, ensuring vendor finance loans are fully reviewed, accurately scheduled, and approved for closing. The team functions as the last line of defense before funding, authorizing final requirements and mitigating risks to ensure loans meet internal controls and compliance standards.

Requirements

2+ years of Commercial Loan Closing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

2+ years of experience working with Siebel Row
Proficient in reading and understanding complex loan documentation
Ability to demonstrate interpersonal, organizational, and effective leadership skills
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Ability to interact with all levels of an organization, including management
Excellent critical thinking and problem-solving skills, as well as the ability to embrace and adapt to change
Exceptional verbal, written, and interpersonal communication skills
Intermediate Microsoft Office Suite skills (Word, Excel, Outlook)

Responsibilities

Work pre-close documents for moderately complex to complex commercial loans
Coordinate all aspects of loan closings
Perform customer, loan and regulatory diligence
Accurately evaluate and upload data into the systems of record
Ensure compliance with all bank policies, procedures and regulatory requirements
Review and prepare complex loan documents
Coordinate legal activities for loan documentation that may include Document purchased from third party sources, with internal staff and the Corporate Legal group
Serve as primary liaison between Credit, Sales, and Legal departments
Work collaboratively with Credit, Sales and Legal regarding proper procedures and documentation requirements necessary to ensure accuracy with negotiated terms and ensure alignment with appropriate compliance standards
Review and negotiate complex legal documentation, evaluate risks, devise strategies to mitigate documentation risk and identifying procedural modifications
Provide guidance and training to peers
Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
Interact with internal customers
Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements