Physical Collateral Examination Associate

Wells Fargo • Troy, MI

2d • Hybrid

About The Position

About this role: Wells Fargo is seeking a Physical Collateral Examination Associate to support the Client Management Enablement Group as a part of the Commercial Bank. Learn more about the career areas and business divisions at wellsfargojobs.com. In this role, you will: Participate in audits of floor plan inventory at various dealerships and companies Perform physical inspections of dealer inventories and reconcile with business records through effective communications with account managers Review approval requests and ensure completion of all operating and action measures within established timeframes Inspect physical existence of collateral and verify the borrowers' records to determine adherence to approve loan structure Receive direction from supervisor to ensure accurate responses on customer inquires and disputes Exercise judgment in determining the cause of discrepancies and disposing of any variances Assess condition of collateral with prompt and accurate reporting to confirm the collateralized position Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

Requirements

• 6+ months of Collateral Examination experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Ability to push/pull 50 pounds and lift 25 pounds
• Ability to work in outdoor environments up to 8 hours per day
• Ability to travel daily with 4 or more hours of driving per day
• Reliable transportation for daily business travel
• Must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act
• This position is not eligible for Visa sponsorship

Nice To Haves

• 6+ months of auditing experience
• 6+ months of customer service experience
• Bachelor's degree in accounting, finance, economics, business or related field
• Ability to work independently and in a team environment
• Able to anticipate and adapt to rapidly changing, growth-oriented environment
• Strong verbal and written communication skills
• Outstanding problem solving and decision-making skills
• Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
• Ability to work with limited supervision
• Ability to negotiate with customers to obtain necessary documentation.
• Strong problem solving and mathematical skills

Responsibilities

• Participate in audits of floor plan inventory at various dealerships and companies
• Perform physical inspections of dealer inventories and reconcile with business records through effective communications with account managers
• Review approval requests and ensure completion of all operating and action measures within established timeframes
• Inspect physical existence of collateral and verify the borrowers' records to determine adherence to approve loan structure
• Receive direction from supervisor to ensure accurate responses on customer inquires and disputes
• Exercise judgment in determining the cause of discrepancies and disposing of any variances
• Assess condition of collateral with prompt and accurate reporting to confirm the collateralized position
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level