Senior Commercial Loan Closing Specialist

Wells Fargo & Company•Minneapolis, MN

4d•$77,000 - $133,000

About The Position

About this role: Wells Fargo is seeking a Senior Commercial Loan Closing Specialist in Commercial Capital Operations as part of Wholesale Lending Operations Division. This position is responsible for assembling, preparing, and reviewing commercial closing documents for loans/transactions; the initial boarding and funding of deals/transactions/facilities onto accounting systems of record. This may include in depth review of collateral, legal agreements, and credit approvals to ensure final executed details are captured accurately and regulatory and company requirements are met. In this role, you will: Lead a variety of pre-close activities for moderately complex to complex commercial loans, including coordinating all aspects of loan closings Accurately evaluate and upload data into the systems of record to ensure compliance with all bank policies, procedures, and regulatory requirements Document and coordinate legal activities for loan documentation that may also include documentation purchased from third party sources, with internal staff and the Corporate Legal group Work collaboratively with Credit, Sales and Legal regarding proper procedures and documentation requirements necessary to ensure accuracy with negotiated terms and ensure alignment with appropriate compliance standards Review and negotiate complex legal documentation, evaluate risks, develop strategies to mitigate documentation risk and identify procedural modifications Serve as an escalation point in the resolution of client issues Conduct quality reviews and monitor key performance metrics as related to efficiencies and effective processes Identify activities of the team to ensure conformity with established procedures Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals Interact with internal customers Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements

Requirements

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

Nice To Haves

Experience with LIQ (Loan IQ)
Experience with Syndicated Credit agreements
Proficient in reading and understanding highly complex loan documentation
Asset Based Lending knowledge
Ability to demonstrate interpersonal, organizational, and effective leadership skills
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Exceptional verbal, written, and interpersonal communication skills
Ability to interact with all levels of an organization, including management
Excellent critical thinking and problem-solving skills, as well as the ability to embrace and adapt to change
Effective analytical skills including ability to analyze metrics
Sound knowledge of Microsoft Office (Work, Excel, & Outlook)

Responsibilities

Lead a variety of pre-close activities for moderately complex to complex commercial loans, including coordinating all aspects of loan closings
Accurately evaluate and upload data into the systems of record to ensure compliance with all bank policies, procedures, and regulatory requirements
Document and coordinate legal activities for loan documentation that may also include documentation purchased from third party sources, with internal staff and the Corporate Legal group
Work collaboratively with Credit, Sales and Legal regarding proper procedures and documentation requirements necessary to ensure accuracy with negotiated terms and ensure alignment with appropriate compliance standards
Review and negotiate complex legal documentation, evaluate risks, develop strategies to mitigate documentation risk and identify procedural modifications
Serve as an escalation point in the resolution of client issues
Conduct quality reviews and monitor key performance metrics as related to efficiencies and effective processes
Identify activities of the team to ensure conformity with established procedures
Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
Interact with internal customers
Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements