Loan Workout Specialist

Wells Fargo•Des Moines, IA

2d•Hybrid

About The Position

Wells Fargo is seeking a Loan Workout Specialist in Bankruptcy as part of the Commercial Banking Operation. In this role, you will provide support to internal and external customers in complex initiatives relating to collection portfolios data to reduce delinquency and restructuring of loans within the Loan Workout functional area. You will evaluate risk and analyze account information including financial statements and total relationship. You will coordinate the initial loan renewal process and negotiate with borrower or attorneys in order to determine workout solutions. You will restructure supervised loans, recover charged off loans and research account equity to determine full or partial charge off or attend foreclosure sale. You will conduct research and determine resolution for title and collateral perfection issues. You will review and research complex operational challenges that require research, evaluation, and selection of alternatives related to low to medium risk deliverables. You will monitor portfolio for policy compliance and adhere to risk rating. You will identify opportunities for process improvements within scope of responsibilities in Loan Workout area. You will present recommendations for resolving complex situations and exercise independent judgment while developing expertise in the functions, policies, procedures and compliance requirements. You will coach and assist less experienced colleagues, provide issue specific training and participate in departmental projects. You will collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals.

Requirements

2+ 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

Collections experience
Bankruptcy knowledge
Commercial banking experience
Knowledge and understanding of equipment finance and leasing
Ability to interpret and comprehend complex legal documents
Strong attention to detail, including accuracy in grammar and a sharp focus on eliminating errors
Strong analytical skills with high attention to detail and accuracy
Ability to manage a pipeline of work from assignment to completion
Excellent verbal, written, and interpersonal communication skills
Experience interacting positively with difficult or irate customers
Experience resolving and working through escalated and complex customer issues
Ability to organize and manage multiple priorities
Strong organizational, multi-tasking, and prioritizing skills

Responsibilities

Provide support to internal and external customers in complex initiatives relating to collection portfolios data to reduce delinquency and restructuring of loans within the Loan Workout functional area
Evaluate risk and analyze account information including financial statements and total relationship
Coordinate initial loan renewal process and negotiate with borrower or attorneys in order to determine workout solutions
Restructure supervised loans, recover charged off loans and research account equity to determine full or partial charge off or attend foreclosure sale
Conduct research and determine resolution for title and collateral perfection issues
Review and research complex operational challenges that require research, evaluation, and selection of alternatives related to low to medium risk deliverables
Monitor portfolio for policy compliance and adhere to risk rating
Identify opportunities for process improvements within scope of responsibilities in Loan Workout area
Present recommendations for resolving complex situations and exercise independent judgment while developing expertise in the functions, policies, procedures and compliance requirements
Coach and assist less experienced colleagues
Provide issue specific training and participate in departmental projects
Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals