Lead Loan Workout Specialist

Wells Fargo & Company•Phoenix, AZ

10h•Hybrid

About The Position

Wells Fargo is seeking a Lead Loan Workout Specialist to join Wells Fargo Business Workout Department. In this role, you will: Lead complex initiatives including those that are cross functional with broad impact Work as a key participant in overseeing and providing technical expertise regarding commercial and real estate problem loans for the Loan Workout area Restructure and renegotiate credits with customers, perform financial legal risk evaluations of credits Review strategies and payment structures formulated by less experienced adjusters and formulate litigation strategy Strategize and research complex multi-faceted, large-scale and long-term business challenges of the loan workout initiatives that require in-depth evaluation of multiple factors, including intangibles or unprecedented factors Make decisions in complex and multi faceted situations of handling the problem loan portfolio initiatives, policies, procedures and compliance requirements Lead work team to meet deliverables and drive new initiatives Collaborate and consult with peers, colleagues and mid-level to more experienced managers to resolve sensitive issues and achieve goals Lead projects, teams or serve as a peer mentor Work with in house and outside Counsel during litigation Execute controls and procedures.

Requirements

5+ years of Loan Workout, Commercial Lending experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

Commercial relationship management experience
Knowledge of commercial loan documentation
Leadership and mentoring skills
Financial analysis skills with attention to detail and accuracy
Developed professional verbal and written communications skills
Exposure to Wells Fargo AFS (Automated Financial Systems)
Exposure to Wells Fargo eCaR (Enterprise Collections and Recovery) system
Exposure to Wells Fargo BLAST (Business Lending and Sales Tracking) system
Intermediate Microsoft Office skills

Responsibilities

Lead complex initiatives including those that are cross functional with broad impact
Work as a key participant in overseeing and providing technical expertise regarding commercial and real estate problem loans for the Loan Workout area
Restructure and renegotiate credits with customers, perform financial legal risk evaluations of credits
Review strategies and payment structures formulated by less experienced adjusters and formulate litigation strategy
Strategize and research complex multi-faceted, large-scale and long-term business challenges of the loan workout initiatives that require in-depth evaluation of multiple factors, including intangibles or unprecedented factors
Make decisions in complex and multi faceted situations of handling the problem loan portfolio initiatives, policies, procedures and compliance requirements
Lead work team to meet deliverables and drive new initiatives
Collaborate and consult with peers, colleagues and mid-level to more experienced managers to resolve sensitive issues and achieve goals
Lead projects, teams or serve as a peer mentor
Work with in house and outside Counsel during litigation
Execute controls and procedures.