Commercial Loan Closing Specialist
About The Position
About this role: Wells Fargo is seeking a Commercial Loan Closing Specialist as part of Commercial Banking Operations Division. Learn more about our career areas and business divisions at wellsfargojobs.com. 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
- Loan IQ and Loan Syndication experience
- Proficient in reading and understanding complex loan documentation
- 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
- Effective analytical skills including ability to analyze metrics
- Strong verbal, written, and interpersonal communication skills
- Advanced 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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
