Physical Collateral Examination Associate

Wells Fargo•Everett, WA

79d•$35 - $52•Onsite

About The Position

Wells Fargo is seeking a Physical Collateral Examination Associate within Commercial Banking. Learn more about the career areas and lines of business at wellsfargojobs.com. Territory is based in Everett, Washington. You must live in assigned territory for efficiency purposes or be willing to relocate. For this territory, you must within 30 minutes of Everett, Washington. 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 inquiries 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 Performs physical inspections of commercial business inventories to assess their condition to provide prompt and accurate reporting. Covers jobs performing physical inspections of commercial business inventories to assess their condition in order to provide prompt and accurate reporting to confirm their collateralized position. May also be involved in responding to customer inquiries, questions, documentation issues, billing errors, disputes, and program changes.

Requirements

6+ months of Collateral Examination experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Must be willing to travel overnight up to 50% of the time
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
Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process
Must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act

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
Good verbal and written communication skills
Outstanding problem solving and decision-making skills
Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
Proficient knowledge of business practices and processes
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 inquiries 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

Benefits

Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement
May be considered for a discretionary bonus, Restricted Share Rights or other long-term incentive awards