Senior Loan Workout Specialist
About The Position
Wells Fargo is seeking a Senior Loan Workout Specialist to join Small Business Operations. In this role, you will lead a large portfolio of complex problem loans, contributing to initiatives and deliverables within the Loan Workout functional area. You will also contribute to large-scale planning related to strategy, technology, and efficiency deliverables. A key aspect of this role involves ensuring loans are structured and priced consistently with Bank policy and commensurate with risk. You will review and research complex problem loan challenges requiring in-depth evaluation of multiple factors, strategize and implement account development on complex problem loans, and negotiate creative structures to meet the needs of customers and the bank while minimizing risk exposure. You will resolve complex issues and lead the Loan Workout team to meet functional area projects, processes, and deliverables. This role requires a solid understanding of the functions, policies, procedures, and compliance requirements, and involves collaboration with peers, colleagues, and managers to resolve issues and achieve goals. You will also work with in-house and outside counsel during litigation, lead team projects, and mentor less experienced staff.
Requirements
- 4+ 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
- Commercial relationship management experience
- Knowledge of commercial loan documentation
- Financial analysis skills with attention to detail and accuracy
- Leadership and mentoring skills
- Developed professional verbal and written communications skills
- Exposure to Wells Fargo AFS (Automated Financial Systems)
- Exposure to Wells Fargo eCaR (Enterprise Collections and Recovery) system
- Exposure to Wells Fargo BLAST (Business Lending and Sales Tracking) system
- Intermediate Microsoft Office skills
Responsibilities
- Lead large portfolio of complex problem loans in initiatives and deliverables within the Loan Workout functional area
- Contribute to large scale planning related to strategy, technology and efficiencies deliverables
- Ensure loans are structured and priced consistently with Bank policy and commensurate with risk
- Review and research complex problem loan challenges that require an in-depth evaluation of multiple factors
- Strategize and implement account development on complex problem loans
- Negotiate creative structures to meet needs of customers and bank while minimizing risk exposure
- Resolve complex issues and lead Loan Workout team to meet functional area projects, processes and deliverables
- Leverage solid understanding of the functions, policies, procedures and compliance requirements
- Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
- Work with in house and outside Counsel during litigation
- Lead team projects and mentor less experienced staff
Benefits
- Relocation assistance is not available for this position.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
