Commercial Loan Closing Specialist

Wells Fargo & Company•Minneapolis, MN

1d•$60,000 - $100,000•Hybrid

About The Position

Wells Fargo is seeking a Commercial Loan Closing Specialist in Loan Support as a part of Commercial Banking Operations division. Learn more about the career areas and lines of business at wellsfargojobs.com. This position is responsible for activities related to servicing of commercial loan transactions according to bank policies, procedures, and regulatory requirements. In this role, you will: 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

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

Familiarity with LoanIQ processing
Knowledge of debits and credits
Knowledge of loan documentation
Sound analytical skills with high attention to detail and accuracy
Experience reading, analyzing, and interpreting documents/reports
Ability to review and interpret complex commercial loan documents
Experience resolving and working through escalated and complex customer issues
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Ability to coordinate completion of multiple tasks and meet aggressive time frames
Excellent verbal, written, and interpersonal communication skills
Ability to interact with all levels of an organization
Sound knowledge of Microsoft Office (Word, Excel, and Outlook) skills

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