Senior Commercial Loan Closing Specialist
Company: Wells Fargo
Location: El Monte
Posted on: June 15, 2022
Job Description:
At Wells Fargo, we are looking for talented people who will put
our customers at the center of everything we do. We are seeking
candidates who embrace diversity, equity, and inclusion in a
workplace where everyone feels valued and inspired.Help us build a
better Wells Fargo. It all begins with outstanding talent. It all
begins with you.About this role:Wells Fargo is seeking a Senior
Commercial Loan Closing Specialist in Commercial Capital Operations
as part of the Wholesale Lending Operations Division. Learn more
about the career areas and lines of business at wellsfargojobs.com
. In this role, you will:The WFCF Deposit Account Control Agreement
(DACA) Specialist is responsible for DACA processes which includes
working with bank and credit relationship managers, internal
counsel, external counsel, clients, RCBOs, second lien lenders, and
Capital Finance treasury officers to complete the drafting,
amending, negotiating, reviewing, and terminating DACAs, updating
system of records, and insuring systematic controls are in
place.This position will also:
- Monitor the data entered into our system of record
- Review implementation submissions for restrictions to be
entered into HOGAN
- Review treasury management account structures for accuracy
- Maintain strong working relationships with business
partners
- Assist with periodic audits of DACA files, SharePoint worksite,
and OneView
- 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 requirementsRequired
Qualifications:
- 4+ years of Commercial Loan Closing experience, or equivalent
demonstrated through one or a combination of the following: work
experience, training, military experience, educationDesired
Qualifications:
- Degree in Finance, Business, Economics or Law preferred.
- Paralegal and/or finance experience
- Knowledge of Deposit Account Control Agreements (DACAs) and
cash management systems.
- Working knowledge of HOGAN, Precise, and WICE requests
- Treasury management product knowledge
- Experience in treasury management
- Experience in Asset Based Lending
- Excellent verbal, written, and interpersonal communication
skills
- Ability to work effectively, as well as independently, in a
team environment
- Effective organizational, multi-tasking, and prioritization
skills
- Sound knowledge of Microsoft Office (Word, Excel, & Outlook)
Posting Locations:
- 301 S Tryon St, CHARLOTTE, NC 28282
- 14241 Dallas Pkwy, Ste 1300, Dallas, TX 75254
- 1800 Century Park E, LOS ANGELES, CA 90067
- 3440 E Flair Dr, El Monte, CA 91731
- 600 S 4th St, Minneapolis, MN 55415
- 800 Walnut St, DES MOINES, IA 50309
- 1961 Hirst Dr, Moberly, MO, 65270 Please Note: The selected
candidate must be located in one of the listed locations, this
position will be expected to work on site when Wells Fargo returns
to the hybrid model. Compensation:Area 003 - 57,200.00 - 101,800.00
USD AnnualArea 002 - 63,600.00 - 113,000.00 USD AnnualArea 001 -
69,900.00 - 124,300.00 USD Annual#commercialbankingWe Value
Diversity At Wells Fargo, we believe in diversity, equity and
inclusion in the workplace; accordingly, we welcome applications
for employment from all qualified candidates, regardless of race,
color, gender, national origin, religion, age, sexual orientation,
gender identity, gender expression, genetic information,
individuals with disabilities, pregnancy, marital status, status as
a protected veteran or any other status protected by applicable
law. Employees support our focus on building strong customer
relationships balanced with a strong risk mitigating and
compliance-driven culture which firmly establishes those
disciplines as critical to the success of our customers and
company. They are accountable for execution of all applicable risk
programs (Credit, Market, Financial Crimes, Operational, Regulatory
Compliance), which includes effectively following and adhering to
applicable Wells Fargo policies and procedures, appropriately
fulfilling risk and compliance obligations, timely and effective
escalation and remediation of issues, and making sound risk
decisions. There is emphasis on proactive monitoring, governance,
risk identification and escalation, as well as making sound risk
decisions commensurate with the business unit's risk appetite and
all risk and compliance program requirements. Candidates applying
to job openings posted in US: All qualified applicants will receive
consideration for employment without regard to race, color,
religion, sex, sexual orientation, gender identity, national
origin, disability, or status as a protected veteran. Candidates
applying to job openings posted in Canada: Applications for
employment are encouraged from all qualified candidates, including
women, persons with disabilities, aboriginal peoples and visible
minorities. Accommodation for applicants with disabilities is
available upon request in connection with the recruitment
process.
Keywords: Wells Fargo, El Monte , Senior Commercial Loan Closing Specialist , Accounting, Auditing , El Monte, California
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