Central ABL Portfolio Support (CAPS) Commercial Loan Closing Specialist
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 review and prepare complex loan documents and coordinate legal activities for loan documentation that may include documents purchased from third party sources, with internal staff and the Corporate Legal group. You will serve as primary liaison between Credit, Sales, and Legal departments and 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 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. You will process access requests in the Wells Fargo CEO portal and 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 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
- 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)
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
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
- 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
- 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
Benefits
- Equal Opportunity Employer
- Focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture
- Accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance)
- Proactive monitoring, governance, risk identification and escalation
- Accommodation for applicants with disabilities is available upon request
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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
