Loan Workout Manager
About The Position
Wells Fargo is seeking a Loan Workout manager to join Wells Fargo Business Workout Department. In this role, you will: Manage and develop team of individual contributors with low to moderate complexity and risk in Loan Workout functional area Engage stakeholders and internal partners associated with the functional area Manage units engaged in loss prevention and recovery of potential and actual loan losses Assist in litigation process, administering credit policy, loan restructuring or charge off activities Make recommendations when loan size exceeds authorized charge off limits Identify review of legal structure, appraised valuation and market data on assets Ensure adherence to policies and procedures for loan restructuring and rehabilitation Identify and recommend opportunities for process improvement and risk control development while overseeing assigned portfolio of classified assets Make decisions and resolve issues regarding resources, objectives and operations within Loan Workout functional area and team to meet business objectives Interpret and develop policies and procedures for functions with low to moderate complexity Provide training and guidance to less experienced staff Collaborate and influence all levels of professionals including more experienced managers Lead team to achieve objectives Manage allocation of people and financial resources for Loan Workout group Mentor and guide talent development of direct reports and assist in hiring talent
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
- 2+ years of Leadership experience
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
- Manage and develop team of individual contributors with low to moderate complexity and risk in Loan Workout functional area
- Engage stakeholders and internal partners associated with the functional area
- Manage units engaged in loss prevention and recovery of potential and actual loan losses
- Assist in litigation process, administering credit policy, loan restructuring or charge off activities
- Make recommendations when loan size exceeds authorized charge off limits
- Identify review of legal structure, appraised valuation and market data on assets
- Ensure adherence to policies and procedures for loan restructuring and rehabilitation
- Identify and recommend opportunities for process improvement and risk control development while overseeing assigned portfolio of classified assets
- Make decisions and resolve issues regarding resources, objectives and operations within Loan Workout functional area and team to meet business objectives
- Interpret and develop policies and procedures for functions with low to moderate complexity
- Provide training and guidance to less experienced staff
- Collaborate and influence all levels of professionals including more experienced managers
- Lead team to achieve objectives
- Manage allocation of people and financial resources for Loan Workout group
- Mentor and guide talent development of direct reports and assist in hiring talent
Benefits
- Relocation assistance is not available for this position.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
No Education Listed
