Central ABL Portfolio Support (CAPS) Commercial Loan Closing Specialist

Wells Fargo Bank•Charlotte, NC

About The Position

Wells Fargo is seeking a Commercial Loan Closing Specialist in Capital Finance as a part of Wholesale Lending Operations Division. 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, and accurately evaluate and upload data into the systems of record. You will ensure compliance with all bank policies, procedures and regulatory requirements. You will also review and prepare complex loan documents, coordinate legal activities for loan documentation, and serve as the primary liaison between Credit, Sales, and Legal departments. You will 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. You will review and negotiate complex legal documentation, evaluate risks, devise strategies to mitigate documentation risk and identify procedural modifications. You will also provide guidance and training to peers, collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals, and interact with internal customers. You will receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements. You will review highly complex loan documentation, onboard new Capital Finance Asset Based Lending (ABL) clients on the LUCAS loan system and process loan modifications for existing ABL clients, and process access requests in the Wells Fargo CEO portal. You will interact with cross-functional teams including underwriting, portfolio, legal (in-house and external), collateral analysts, deal closing, letters of credit, tax reporting, operational risk, and loan servicing teams. You will assist in efforts to create, update, and/or certify team procedures, job aids, and user guides. You will participate in UAT and BCP testing events, become a subject matter expert on all lines of business and provide guidance to other team members. You will support the reduction of outstanding regulatory deliverables by executing against milestones and continue to strengthen risk and control infrastructure. You will complete monthly metrics reporting, identify themes and trends in metrics to improve team accuracy and identify subjects for refresher training. You will partner with upstream and downstream stakeholders to ensure requests are completed timely and accurately. You will also assist with operational adjustment research and reporting, including identification of prevention measures.

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

Asset Based Lending experience
Paralegal and/or finance experience
Strong understanding of LUCAS (Loan Underwriting Collateral Analysis System) and CLIC (Client Loan Information Criteria) application
Excellent verbal, written, and interpersonal communication skills
Proficient in reading and understanding complex loan documentation
Ability to work effectively, as well as independently, in a team environment
Ability to work in a fast-paced deadline driven environment
Effective organizational, multi-tasking, and prioritization skills
Sound knowledge of Microsoft Office (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
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
Review highly complex loan documentation
Onboard new Capital Finance Asset Based Lending (ABL) clients on the LUCAS loan system and process loan modifications for existing ABL clients
Process access requests in the Wells Fargo CEO portal
Interact with cross-functional teams including our underwriting, portfolio, legal (in-house and external), collateral analysts, deal closing, letters of credit, tax reporting, operational risk, and loan servicing teams
Assist in efforts to create, update, and/or certify team procedures, job aids, and user guides
Participate in UAT and BCP testing events
Become subject matter expert on all lines of business and provide guidance to other team members
Support reduction of outstanding regulatory deliverables by executing against milestones and continue to strengthen risk and control infrastructure
Complete monthly metrics reporting
Identify themes and trends in metrics to improve team accuracy and identify subjects for refresher training
Partner with upstream and downstream stakeholders to ensure requests are completed timely and accurately
Assist with operational adjustment research and reporting, including identification of prevention measures