Lead Commercial Loan Closing Specialist, Asset Based Lending Deal Closer

Wells Fargo Bank•Los Angeles, CA

2d•Hybrid

About The Position

Wells Fargo is seeking a Lead Commercial Loan Closing Specialist in Capital Finance as a part of Wholesale Lending Operations Division. In this role, you will complete pre-close and post-close documents for the most complex commercial loans, coordinate loan closings, perform customer, loan and regulatory diligence and on-going portfolio maintenance. You will evaluate and upload data into the systems of record, research complex business and operational decisions, and review and prepare loan related documents. You will ensure compliance with all policies, procedures and regulatory requirements, provide guidance and training to peers, and may have limited supervisory responsibilities. You will collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals, and interact with internal and external 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 facilitate the closing and funding of new loan transactions including participations and loan restructures. You will serve as a liaison to business divisions, underwriters, prospective clients, insurance brokers, attorneys, banks, letter of credit contacts and cash management contacts. You will organize legal documents, internal documents and post-closing items. You will coordinate funding logistics for new financings, participations and complex restructures. You will review cash management arrangements; modify cash management structures, including preparation and negotiation of cash management agreements and set-up of accounts. You will collect, review and negotiate acceptable insurance certificates and endorsements. You will facilitate the issuance of letters of credit.

Requirements

5+ 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

Experience with Asset Based Lending
Paralegal and/or finance experience
Degree in Finance, Business, Economics or Law
Knowledge of Deposit Account Control Agreements (DACAs) and cash management systems
Proficient in reading and understanding complex loan documentation
Commercial Insurance knowledge
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)
Excellent verbal, written, and interpersonal communication skills

Responsibilities

Complete pre-close and post-close documents for the most complex commercial loans
Coordinate loan closings, perform customer, loan and regulatory diligence and on-going portfolio maintenance
Evaluate and upload data into the systems of record
Research complex business and operational decisions
Review and prepare loan related documents
Ensure compliance with all policies, procedures and regulatory requirements
Provide guidance and training to peers and may have limited supervisory responsibilities
Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
Interact with internal and external customers
Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
Facilitate the closing and funding of new loan transactions including participations and loan restructures
Serve as a liaison to business divisions, underwriters, prospective clients, insurance brokers, attorneys, banks, letter of credit contacts and cash management contacts
Organize legal documents, internal documents and post-closing items
Coordinate funding logistics for new financings, participations and complex restructures
Review cash management arrangements; modify cash management structures, including preparation and negotiation of cash management agreements and set-up of accounts
Collect, review and negotiate acceptable insurance certificates and endorsements
Facilitate the issuance of letters of credit