Senior Commercial Loan Servicing Specialist – Asset Based Lending/Syndicated Loans (CHICAGO)

Wells Fargo Bank•Chicago, IL

2d•Hybrid

About The Position

Wells Fargo is seeking a Senior Commercial Loan Servicing Specialist to join Commercial Banking Operations on the Capital Finance Operations (CFO) team within Wholesale Operations. Capital Finance delivers comprehensive asset-based lending solutions, including sole lender, agented, and syndicated structures. These solutions serve asset-rich companies across the U.S., U.K., and Canada, spanning a wide range of industries. This role sits within the Lending Servicing function and is responsible for end-to-end life-of-loan servicing activities. The scope includes client loan servicing, syndicated facilities, bought participations, and payoffs for Asset-Based Lending (ABL) portfolios. The role supports revolving and term loan facilities, as well as accounts payable activities, including pass-through expense billings such as field exams, appraisals, and legal fees. Success in this role requires strong experience in: Asset-based lending account maintenance, Accounting and reconciliation, including debit and credit oversight, Settlement, accrual, and fee management, Interpretation and execution of contractual credit and loan agreements. Join the industry’s #1 lead arranger and bookrunner of syndicated asset-based loans (YTD 9/2024, Source: Refinitiv/Wells Fargo).

Requirements

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

Nice To Haves

2+ years of asset-based lending/syndicated loan servicing experience
Experience with commercial loan systems, specifically LoanIQ, Stucky
Service complex wholesale commercial loans end to end, including account reconciliation, debit and credit oversight, settlement, accrual, and fee management
Demonstrated ability acting as the agent in syndicated deals, coordinating funding and distribution across banks
Ability to calculate interest rates (floating, fixed, term, FX considerations) and maintaining interest, fee accruals, and amortization schedules
Manage loan transactions (advances, repayments, disbursements) and ensure accurate booking
Excellent interpersonal communication abilities to partner with clients, investors, and internal teams to support ongoing servicing needs
Experience in managing high volume pipelines

Responsibilities

Execute servicing activities for moderately complex commercial loan products, supporting the full life-of-loan cycle
Serve as a primary servicing contact for assigned relationships, partnering with Relationship Managers, Legal, Risk, Control, Technology, and Operations teams
Review, process, and support moderately complex loan transactions, including new loans, modifications, tranche set-ups, interest and fee calculations, and participation settlements
Evaluate servicing risks, resolve client and operational issues, and escalate matters as needed to management
Ensure accurate data entry, reconciliation, and ongoing portfolio maintenance across systems of record, including LUCAS, in compliance with policies, procedures, and regulatory requirements
Conduct quality reviews and monitor key performance indicators to support efficient and well-controlled servicing processes
Recommend process or procedural improvements to enhance operational effectiveness and customer experience
Provide guidance, training, and subject matter support to less experienced servicing representatives
Participate in operational initiatives, system enhancements, and user acceptance testing as needed